“Your pain is his paycheck,” said one congressman of the president, who holds tens of millions of dollars in oil and gas stocks.

Why are billionaires so interested in owning our social, on-air, and online media? Because regulating the conversation Americans can see and hear protects everything else they own.

This acceleration in the redistribution of wealth from the middle class to the very top has an array of drivers. But they’re not inexorable forces of history. As economist Thomas Piketty put it, “Inequality is first of all a social, historical, and political construction.”

The letter comes as billionaire opponents of the tax ramp up their spending against the measure. The initiative’s billionaire opponents are spending roughly $1 million per day to defeat it.

Real journalists are losing their jobs while money flows into pay-for-play social media. We need a publicly funded alternative.

Confused about the fourteen propositions on this year’s ballot? Help is here!

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