Is Dynastic Wealth Destroying American Democracy? | The Coffee Klatch, June 1, 2024

Friends,We were tempted to talk about the Trump trial and verdict, and bask in the relief that our system of justice did what it should do to hold people accountable for breaking the law — no matter who they are. But you’ve probably heard everything there is to say about the trial by now. So we decided instead to do a deep dive into Trump politics and big money. It’s been reported that just 50 billionaire families have already contributed a whopping $600 million to the 2024 elections. Over two-thirds went to Trump, Trump-affiliated groups, and other Republican candidates. Heather and I thought it a good day to focus on dynastic wealth in America — what it is, how large it is, whether it’s hurting our democracy, and what to do about it. Please pull up a chair, grab a cuppa, and, if you’re so moved, take our poll. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit robertreich.substack.com/subscribe