Billionaires and Stealth Politics

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Billionaires and Stealth Politics Page 24

by Benjamin I Page

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  $Billions (as

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  appendix 4

  Bill Gates

  W

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  Alice W

  S. R

  Michael Bloomberg

  Sheldon A

  Jef

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  appendix 5 Keywords Used for Social Issue Searches

  Immigration

  Abortion

  Same- Sex Marriage

  immigration reform

  abortion

  same sex marriage

  illegal immigration

  family planning

  gay marriage

  guest worker program

  pro- life

  homosexual marriage

  immigration enforcement

  pro- choice

  redefining marriage

  undocumented immigrants

  partial birth abortion

  marriage equality

  paths to citizenship

  sanctity of life

  traditional marriage

  immigration amnesty

  right to life

  sanctity of marriage

  border protection

  reproductive rights

  civil union

  deportation

  abortion rights

  domestic partnership

  work visas

  anti- abortion

  freedom to marry

  comprehensive immigration

  parental consent for abortion

  defense of marriage

  reform

  abortion exceptions

  naturalization

  illegal aliens

  secure our borders

  dream act

  Notes

  Introduction

  1. See Porter 2017, as well as Nitti 2017.

  2. See Alvaredo et al. 2017, Piketty 2014, and Wolff 2002. Kelly (forthcoming) argues that economic inequality and political inequality tend to mutually reinforce and increase each other.

  3. Forbes 2017b, 86– 90.

  4. Forbes 2016a (global), 128– 37; 2016b (US), 140– 52. Bloomberg’s calculations, which are updated at the end of each trading day, are similar ( Bloomberg 2017). For IMF data on countries’ GDP, see http://statisticstimes.com/economy

  /countries- by- projected- gdp.php.

  5. See chap. 2 below.

  6. Vogel 2015.

  7. Balcerzak 2017.

  8. Bonica et al. 2013.

  9. The evidence on these points is strongest concerning multimillionaires: Page, Bartels, and Seawright 2013. On billionaires, see chaps. 2 and 5 below.

  10. Bartels 2016; Gilens 2012; Gilens and Page 2014; Page and Gilens 2017, chap. 4.

  11. As of 2016 (the most recent year covered by the Survey of Consumer Finances at the time of writing), each of the least wealthy members of the top one percent of US wealth holders held around $10 million in net worth, less than one one- hundredth of the fortune of the least wealthy billionaires (DQYDJ 2017; see also Hines 2014; Coy 2014).

 

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