-By Jason Easley
July 24, 2012- In his new report, America For Sale: A Report on Billionaires Buying the 2012 Election, Sen. Bernie Sanders named names and called out the billionaires who using Citizens United to buy our democracy.
In front of a Senate panel today, Sen. Bernie Sanders outed the 26 billionaires who are members of 23 billionaire families that are using Citizens United to buy elections. Sen. Sanders estimated that these 26 billionaires are the tip of the iceberg. “My guess is that number is really much greater because many of these contributions are made in secret. In other words, not content to own our economy, the 1 percent want to own our government as well.”
Sanders explained how the Supreme Court’s Citizens United decision put the government up for sale, “What the Supreme Court did in Citizens United is to say to these same billionaires and the corporations they control: ‘You own and control the economy, you own Wall Street, you own the coal companies, you own the oil companies. Now, for a very small percentage of your wealth, we’re going to give you the opportunity to own the United States government.’”
Sen. Sanders also did the last thing the billionaires wanted. He called them out by name.
According to the report, America for Sale: A Report on Billionaires Buying the 2012 Election, here are the 26 billionaires who are trying to buy your government:
1). Sheldon Adelson, owner of the Las Vegas Sands Casino, is worth nearly $25 billion, making him the 14th wealthiest person in the world and the 7th richest person in America. While median family income plummeted by nearly 40% from 2007-2010, Mr. Adelson has experienced a nearly eightfold increase in his wealth over the past three years (from $3.4 billion to $24.9 billion). Forbes recently reported that Adelson is willing to spend a “limitless” amount of money or more than $100 million to help defeat President Obama in November.
2. The Kochs (David, Charles, and William) are worth a combined $103 billion, according to Forbes. They have pledged to spend about $400 million during the 2012 election season. The Kochs own more wealth than the bottom 41.7 percent of American households or more than 49 million Americans.
3. Jim Walton is worth $23.7 billion. He has donated $300,000 to super PACs in 2012.
4. Harold Simmons is worth $9 billion. He has donated $15.2 million to super PACs this year.