Wednesday, July 25, 2012

bargains for billionaires

And then they have the nerve (I might have used a stronger term) to criticize George Soros for giving money to Progressive causes.

Sheldon Adelson, owner of the Las Vegas Sands Casino, is worth nearly $25 billion, making him the 14th wealthiest person in the world and the 7th richest person in America. While median family income plummeted by nearly 40% from 2007-2010, Mr. Adelson has experienced a nearly eightfold increase in his wealth over the past three years (from $3.4 billion to $24.9 billion). Forbes recently reported that Adelson is willing to spend a “limitless” amount of money or more than $100 million to help defeat President Obama in November.

The Kochs (David, Charles, and William) are worth a combined $103 billion, according to Forbes. They have pledged to spend about $400 million during the 2012 election season. The Kochs own more wealth than the bottom 41.7 percent of American households or more than 49 million Americans.



Alice said...

What makes it even more onerous is that Adelson got that money through a series of deals with the Chinese government to allow him to be the only casino operator on the Island of Macao off the coast of China and owned by China. China doesn't not allow gambling on the main land. Therefore, Adelson has Chinese patrons from the mainland visiting his Casino. The money he is funneling into the Gop coffers comes directly and indirectly from the Chinese government.

Alice said...

Adelson is now under investigation for corrupt practices covering probable corruption related to bribery of Chinese officials in connection with his casino deals in Macao.

Bud said...

Adelson is one example of the new one of anti-democratic (in the general sense of being against democracy in practice) who have the money and proclivity to undermine the traditions of freedom and tolerance and liberality upon which free societies have to be based. Mitt Romney is another.