6 Mind-Blowing Stats on How 1 Percent of the 1 Percent Now Dominate Our Elections
The median donation from the 1 percent of the 1 percent was $26,584. As the chart below shows, that’s more than half the median family income in America.
Megadonors are very partisan. Four out of five 1-percent-of-the-1-percent donors gave all of their money to one party or the other.
Here’s a statistic that should jolt you awake like black coffee with three shots of espresso dropped in: In the 2012 election cycle, 28 percent of all disclosed donations—that’s $1.68 billion—came from just 31,385 people. Think of them as the 1 percenters of the 1 percent, the elite of the elite, the wealthiest of the wealthy.
More: 6 Mind-Blowing Stats on How 1 Percent of the 1 Percent Now Dominate Our Elections
The term patrician (Latin: patricius, Greek: πατρίκιος, patrikios) originally referred to a group of ruling class families in ancient Rome, including both their natural and adopted members. In the late Roman Empire, the class was broadened to include high administrative officials, and after the fall of the Western Empire it remained a high honorary title in the Byzantine Empire. Medieval patrician classes were once again formally defined groups of leading burgess families in many medieval Italian republics, such as Venice and Genoa, and subsequently “patrician” became a vaguer term used for aristocrats and the higher bourgeoisie in many countries.