Monday, November 17, 2014

Money in Politics.... Or, How Much Will That Office Cost Me?


In the recent election in my state, Illinois, the Republican candidate for governor was a man named Bruce Rauner. Rauner is a billionaire, and his annual income (as he released the figures during his campaign) is 60 million dollars.
 
I did not vote for this man. I'm not likely to vote for a Republican, but also, in this particular case, I felt that he believed he could buy the election--personal wealth, when put into a political campaign, translates into more TV campaign advertising--and the election results proved that he was right.
 
Generally, in America, there is not much class resentment. The poor don't resent the wealthy and mobs don't stone the Rolls-Royces as they roll by. One reason is that people still buy into the great American myth that anybody can "make it," that you might be rich some day.

And how might that come about? Well, some people live in hopes of winning the lottery. But rags-to-riches is a myth for most people during waking hours. While occasionally someone starts as a mailroom clerk and ends up president of the company, it's more the rule that your socioeconomic class tends to stay the same throughout your life.

I don't know the whole story of Rauner's financial success, but he owns a number of businesses. To put Rauner's wealth into perspective: there are not many avenues, not many occupations, that will give you an income of 60 million. Some professional athletes have multi-million annual incomes, but I don't think they typically make 60 million. An Elvis Presley or a Michael Jackson makes that much. I would not be surprised if J. D. Rawlings (author of the Harry Potter books) has made that much.
 
Copyright (c) 2014.

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