(see full article)….And as a result of this disastrous Citizens United decision which is now two years old, one of the worst decisions ever brought about by the Supreme Court of this country, a decision that they just reaffirmed a few days ago with regard to Montana, what the Supreme Court has said to the wealthiest people in this country, okay, you own almost all the wealth of this nation — that’s great — now we’re going to give you an opportunity to own the political life of this nation. And if you’re getting bored by just owning coal companies and casinos and manufacturing plants, you now have the opportunity to own the United States government. So we have people like the Koch Brothers and Sheldon Adelson. The Koch Brothers are worth $50 billion. That’s what they’re worth. And, they have said they’re prepared to put $400 million into this campaign to defeat Obama, to defeat candidates who are representing working families.
Sheldon Adelson says he’s only worth $20 billion. He’s kind of a pauper. But he’s willing to spend what it takes to buy the government. And if you look at it, it ain’t a bad deal. If you’re worth $50 billion and you spend a billion or two, you can buy the United States government. That’s a pretty good investment. And that’s what they are about to do. So on one hand we have a grossly unequal distribution of wealth and income. These guys control the economy.
You have the six largest financial institutions in this country that have assets equivalent to two-thirds of the GDP. of America. Over $9 trillion. These six financial institutions write half the mortgages, two-thirds of the credit cards in America. Huge impact on the economy. That’s not enough for these guys. Top 1% owns half of the wealth. Not enough for these guys. Now they have the opportunity to buy the United States government. So that’s where we are.