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Money is Flooding into the Political System

Money is Flooding into the Political System

Letters from an American vor 6 Monaten

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Podcast

Letters from an American

895 Episoden

A newsletter about the history behind today's politics.

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March 12, 2026

American politics have been corrupted by billionaires,
Senator Tim Sheehy’s campaign in Montana benefitted from
donations from more than 63 billionaires, Elon Musk is donating
millions to Republicans, Trump promised billionaires that he
would favor their interests if they donated $1 billion to his
re-election campaign, Trump gave his wealthy supporters the One
Big Beautiful Bill Act that extended the 2017 tax cuts, cut
regulation, and slashed the social safety net, The US has
borrowed $1 trillion over the last five months, as Trump tax cuts
slash revenue, In the 1860s, Republicans invented the income tax,
Americans welcomed the taxes.

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