Desire to be a member of Congress? You’ll have to raise millions of dollars. Nowadays, getting a beneficial politician try much less throughout the meeting with constituents and deliberating in the regulations plus and more on the addressing wealthy some one, hat in hand.

A beneficial politician’s very beloved money is the big date. As well as so it fundraising takes a lot of time – and ensures that rich political leaders wind up expenses the period which have affluent donors and you can lobbyists. President Barack Obama talked eloquently regarding it in his 2008 guide, The newest Audacity regarding Vow. “Much more I happened to be spending time with folks of means – law firm partners and you can financing lenders, hedge money managers and you can venture capitalists. Usually, they were smart, interesting anyone, familiar with public plan, liberal in their government, pregnant nothing more than a paying attention of its views in exchange due to their inspections. But they reflected, almost equally, the brand new perspectives of their classification: the big 1 percent roughly of one’s earnings size you to find the money for generate good $2,000 take a look at so you’re able to a governmental applicant.”

The result is a form of intellectual bring: the issues and you will opinions regarding affluent Us americans loom high having people in politics as they purchase really of their hours doing affluent Us americans.