The truth is, it costs a lot of money to run for office, and because of that, these important races are dominated by billionaires and corporations. The impact of this system on American elections is overwhelming. In 2024, just 100 billionaire families donated one in every six dollars spent over the entire federal election cycle. Most of that came through super PACs, which are groups that can raise and spend unlimited money to influence elections. Meanwhile, just 1% of the US population contributed more than $200 to federal political campaigns. (01:28–01:40)
CLAIM
Asserts that 100 billionaire families contributed significantly to the 2024 federal election cycle.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
