March 10, 2025

Subject: THE RICH AND THE POWERFUL

THE AMERICAN OLIGARCHY

Years ago, there were few millionaires. Then there were many. But today, to be a mere millionaire is rather commonplace. The new financial and political power players are:

BILLIONAIRES.

And there are many who are indeed political power players, using their extreme wealth to create influence and advance their political points of view and philosophies.

Our founding fathers were concerned about the influence of the wealthy, both politically and economically. The Constitution was designed to give a voice to the wealthy (the United States Senate) but also, a very significant voice to the American public, the less wealthy, THE HOUSE OF REPRESENTATIVES.

The Constitution empowered THE HOUSE OF REPRESENTATIVES to control and initiate budget, to be the prime mover in setting economic and fiscal policies for the federal government. THE HOUSE CONTROLLED THE PURSE! If it did its job, it could counterbalance the power of the Senate and even the Presidency itself.

Money is power, and money can be used to create and implement power. And money, extreme money, the money of billionaires, can rule much of America.

Congress placed limitations on the wealthy, the amount of money which could be contributed openly to candidates, a good thing. But a large loophole was left open allowing unlimited funds to be invested and spent on so-called issues, issue advertising, and issue funding which the wealth, the extreme wealthy, and the billionaires took advantage of.

In fact, the Biden campaign of 2020 was able to raise the staggering sum of $1 Billion Dollars to be spent on Biden-Democratic election necessities and even more than a billion dollars was raised for the Biden-Harris election campaign of 2024.

The hundreds of millions of dollars contributed in 2020 may have been effective in the Biden election, but all the money, more than a billion dollars in 2024, made little difference as the Biden-Harris campaign, no matter the money and the investment in that political campaign, was soundly defeated by both the popular vote and the electoral college determinations as well. Perhaps even money, extreme money, has its limitations.

JOE BIDEN’S BILLIONAIRE CABINET

Dustin Moskovitz – Net worth: $11.6 BILLION DOLLARS

Eric Schmidt – Net worth: $26.2 BILLION DOLLARS

Jeffrey Katzenberg – Net worth: $900 MILLION DOLLARS

Laurene Powell Jobs – Net worth: $13.7 BILLION DOLLARS

Reid Hoffman – Net worth: $2.1 BILLION DOLLARS

George Soros – Net worth: $26 BILLION DOLLARS

Tom Steyer – Billionaire hedge fund manager

Elon Musk – The Wealthiest Man in the World

Musk is worth the staggering sum of $450 BILLION DOLLARS.

That is almost one half trillion dollars in net worth. That wealth and business success of Musk got the full attention of President Trump and immediately upon his election, he appointed Musk as the head of the newly created department:

DEPARTMENT OF GOVERNMENT EFFICIENCY (DOGE)

He has commissioned Musk to do away with waste, inefficiency, sloth, and even fraud in the federal government, with the ultimate financial goal of saving by elimination and cutbacks, the staggering sum of:

$2 TRILLION DOLLARS ANNUALLY.

Money, the old saying goes, is the root of all evil. At least it can be. They say that virtually every person has his or her PRICE. That at a certain time and under very special circumstances, anyone or anything can be bought. Money is power indeed and when it is used for good, it is fully justified no matter the amount.

Unfortunately, so much of the wealth in America is used by individuals for the wrong purposes, for power, for fame, for influence, and for personal gain. Nothing is more destructive than money at work for the wrong purposes. NOTHING.

It is interesting indeed that money, spent so lavishly in the 2024 elections, proved of little benefit to Democrats and it is questionable how much value and influence it had for Republicans. Perhaps the American people, WE THE PEOPLE, the common, ordinary, average American citizens and voters have learned a financial lesson.

If our votes cannot be bought, election processes will purify, and the individual vote of every American citizen will be far more potent than any amount of money. Only then, ONLY THEN, will in fact:

GOD BLESS AMERICA!