In his Story of the Week “Up” host Chris Hayes addresses the money mixed in politics and the billionaire brother duo Charles and David Koch who have been bankrolling efforts to defeat President Obama.
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Over the past decade, Americans watched in bafflement and rage as one institution after another – from Wall Street to Congress, the Catholic Church to corporate America, even Major League Baseball – imploded under the weight of corruption and incompetence. In the wake of the Fail Decade, Americans have historically low levels of trust in their institutions; the social contract between ordinary citizens and elites lies in tatters.
How did we get here? With "Twilight of the Elites," Christopher Hayes offers a radically novel answer. Since the 1960s, as the meritocracy elevated a more diverse group of men and women into power, they learned to embrace the accelerating inequality that had placed them near the very top. Their ascension heightened social distance and spawned a new American elite--one more prone to failure and corruption than any that came before it.
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All government entities seem to endorse a policy of tax and spend OPM (other people's money). Would any President consider increasing revenues by removing the current exemption status and tax two very large US corporations, the Republican and Democratic party? Would any government official consider closing one of the largest loop holes in the tax code and remove the tax deduction of campaign contributions? Or would this hit too close to the wallets of the powers that be and be denied because the OPM rule doesn't apply?
In my opinion, if the government was truly interested, it could curb out of control contributions easily and effectively with one fail swoop of the pen. To complain about this is really quite inane.