How Billionaires Took Over America

How Billionaires Took Over America

Jan. 7, 2025

Thom Hartmann Program

America has a billionaire problem because the morbidly rich billionaires own or control so many of the nation’s channels of news and discussion, from social media to television networks to newspapers, and they are close to owning the whole of our government.

Right now, as you listen to my voice, billionaires from America and around the world are making a pilgrimage to Mar-a-Lago to pay homage. They’re bringing envelopes stuffed with million-dollar checks, which for most of them represent just minutes or hours of income for their companies.

Meanwhile, our billionaire president is packing his cabinet with billionaires... the most in history. This has been celebrated on billionaire-owned Fox News, billionaire-owned hate radio networks, and in billionaire-owned publications like The Washington Post, The LA Times, and the many American local newspapers owned by billionaire hedge funds.

Here’s the bottom line: other developed countries enjoy benefits like free healthcare and college, modern mass transit, affordable housing, and safe food and drugs. They have inexpensive internet and phone services without companies spying on them and selling their data. Their schools don’t need to prepare for school shooters, and their streets and parks are filled with children, not tents for the homeless.

They also benefit from renewable electricity, which gets cheaper every year while cleaning their environment. But here in America, our distinction is having the world’s largest collection of billionaires. That’s what we chose in 1980.

Before Reagan, America had 13 billionaires. Today, there are over 800... a 50-fold increase in four decades. These billionaires, not content with being rich, took over our politics.

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Original: https://youtu.be/CJKNS3iaSLM

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