Political Investments of the Super Duper Rich

Political Investments of the Super Duper Rich

A recent study documents that 40% of political campaign contributions in the 2012 election cycle came from one hundredth of one percent of U.S. households.

Can we really have anything remotely resembling a representative democracy when so few very rich people so disproportionately contribute/invest in political candidates and campaigns?

The full report:
Why Hasn’t Democracy Slowed Rising Inequality?
http://www.aeaweb.org/articles.php?doi=10.1257/jep.27.3.103

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