Wednesday, March 5, 2014

The Forbes Top 10 Billionaires list has just been released. Congratulations to the honorees. Three names that appear on that list are Charles Koch (net worth $40 billion), his brother David Koch (net worth another $40 billion), and Sheldon Adelson (net worth $38 billion).
In 2010 the Supreme Court decided in the Citizens United v. Federal Election Commission case that theBipartisan Campaign Reform Act (commonly known as the McCain–Feingold Act ) violated the First Amendment. In the ruling the majority said that they were protecting my right to use as much of my net worth as I can afford to advance my political agenda. That will amount to about $100 this year. I am going to give that $100 to a candidate that cares about the needs of old retired guys living on fixed incomes.

The three billionaires listed above may also use as much of their billions as they choose to advance their political agendas. I am bothered by the fact that their political agendas and mine are often not the same. The fact that they continue to pour millions, directly and indirectly, into the campaigns of candidates that support the needs of billionaires rather than old retired guys gives me pause.

I am going to track their spending this year. By going tohttp://www.fec.gov/finance/disclosure/norindsea.shtml I will see which political action committees they support and which candidates they buy with their millions in contributions.