Money Manager Makes it Official: One Huge Donation, One Vote

A “longtime money manager” quoted in Saturday’s New York Times:

“Who do you think pays the taxes?…Financial services are one of the last things we do in this country and do it well. Let’s embrace it. If you want to keep having jobs outsourced, keep attacking financial services. This is just disgruntled people.”

He added that he was disappointed that members of Congress from New York, especially Senator Charles E. Schumer and Senator Kirsten Gillibrand, had not come out swinging for an industry that donates heavily to their campaigns. “They need to understand who their constituency is,” he said.

Emphasis added. From the perspective of huge donors, elected officials’ “constituency” consists of them, not us. A sentiment no doubt widely held, but rarely openly avowed—until Occupy Wall Street provoked it. Keep up the good work.

[Cross-posted atThe Reality-Based Community]

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Andrew Sabl

Andrew Sabl is a Visiting Professor in the Program on Ethics, Politics, and Economics and in Political Science at Yale University.