Khryzthea Irizarry Polsc 110
Media
The article, Reimagining Journalism: The Story of the One Percent by Michael Massing, expresses and provides evidence that “Big Money” is influencing American society. The wealthy one percent of Americans influence and buy our representatives; whether they be, presidents to local mayors. The wealthy are able to successfully “buy” representatives by “donating” money to their campaigns. One example of how “donors” can “buy” representatives is, 158 wealthy families had contributed 176 million dollars to Democratic and Republican candidates during the first phase of the presidential campaign in October of 2015. The majority of these donors were, wealthy, white, older males. Another example is that Singer, from Elliott Management which is a hedge fund, is worth about $2 billion. He is the largest donor for the Republican Party for the candidates who support, free enterprise, oppose regulation and those who support same sex rights and marriage. According to the Huffington post, Singer, Sheldon Adelson, Home Depot founder Bernard Marcus, and Seth Klarman, combined gave …show more content…
For example, Harvard is given millions of dollars because it is an IVY League School but public colleges like CUNY are given less which means CUNY is underfunded and causes students to pay more out of their pockets. I am sure that with all of the funding IVY League colleges receive, they do not need money from students to educate them. Overall, I do not think it is fair that the 1% get out of paying taxes and I believe that they should be taxed more because even though they are donating, they aren’t all doing it for good reasons. It is true what they say, money does run the world. And the more you have of it, the more power you have within a
Media
The article, Reimagining Journalism: The Story of the One Percent by Michael Massing, expresses and provides evidence that “Big Money” is influencing American society. The wealthy one percent of Americans influence and buy our representatives; whether they be, presidents to local mayors. The wealthy are able to successfully “buy” representatives by “donating” money to their campaigns. One example of how “donors” can “buy” representatives is, 158 wealthy families had contributed 176 million dollars to Democratic and Republican candidates during the first phase of the presidential campaign in October of 2015. The majority of these donors were, wealthy, white, older males. Another example is that Singer, from Elliott Management which is a hedge fund, is worth about $2 billion. He is the largest donor for the Republican Party for the candidates who support, free enterprise, oppose regulation and those who support same sex rights and marriage. According to the Huffington post, Singer, Sheldon Adelson, Home Depot founder Bernard Marcus, and Seth Klarman, combined gave …show more content…
For example, Harvard is given millions of dollars because it is an IVY League School but public colleges like CUNY are given less which means CUNY is underfunded and causes students to pay more out of their pockets. I am sure that with all of the funding IVY League colleges receive, they do not need money from students to educate them. Overall, I do not think it is fair that the 1% get out of paying taxes and I believe that they should be taxed more because even though they are donating, they aren’t all doing it for good reasons. It is true what they say, money does run the world. And the more you have of it, the more power you have within a