> The 1% may have 50% (or more) of the money, but they only have 1% of the votes.
Yes, but that money also buys political votes via contributions, political influence, and affects legislation favorably towards themselves. Look at how much money Google alone spent in 2017 on lobbying ($18M). If that wasn't gaining them tremendous influence, I highly doubt they'd be doing it. Not to single Google out (they just spent more than anyone else last year)... they all do it... because they have the money to do it... and it pays off.
The 1% have a lot more influence than just their "1 vote each."
Yes, but that money also buys political votes via contributions, political influence, and affects legislation favorably towards themselves. Look at how much money Google alone spent in 2017 on lobbying ($18M). If that wasn't gaining them tremendous influence, I highly doubt they'd be doing it. Not to single Google out (they just spent more than anyone else last year)... they all do it... because they have the money to do it... and it pays off.
The 1% have a lot more influence than just their "1 vote each."
http://fortune.com/2018/01/24/google-facebook-amazon-apple-l...