Bernie Sanders: Of, For, & By Billionaires
on Wednesday, May 4, 2016Bernie Sanders Money Quote saying the wealthy are becoming the government and is no longer controlled by the electorate. Bernie Sanders said:
“We are moving toward an oligarchy where we have a government of the billionaires, by the billionaires and for the billionaires” — Bernie Sanders
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In this quote, Bernie Sanders is warning that the United States is shifting towards an oligarchic system of government. By “oligarchy”, Sanders means a system where a small, elite group of extremely wealthy individuals hold outsized political power and influence over decision-making.
He argues that the government is increasingly being run “of the billionaires” through their campaign donations and lobbying efforts. Sanders also suggests policy is determined “by the billionaires” since they can leverage their vast wealth to shape policy outcomes.
And finally, Sanders believes the government is governing “for the billionaires” by prioritizing policies like tax cuts that disproportionately benefit the richest members of society.
In essence, the quote portrays Sanders’ view that concentrated wealth is translating into concentrated political power for billionaires that undermines democratic governance and priorities.
We are moving toward an oligarchy where we have a government of the billionaires, by the billionaires and for the billionaires.
— Bernie Sanders (@SenSanders) March 29, 2016