Elizabeth Warren Money Quotation saying a handful of millionaires and billionaires contributed more to political campaigns through super PACs than all small contributors in 2012. Elizabeth Warren said:
“32 people spent slightly more on the 2012 elections than the 3.7 million typical Americans who sent in modest dollar donations to their preferred Presidential candidate. When 32 people can outspend 3.7 million citizens, our democracy is in real danger” — Elizabeth Warren
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In this quote, Elizabeth Warren is again criticizing the disproportionate influence of large political donations on democracy. She notes that in 2012, just 32 individual donors were able to collectively spend more money on the elections than 3.7 million average Americans who each contributed small dollar amounts.
Warren argues this imbalance shows that a tiny fraction of wealthy donors can effectively drown out the political participation of millions of ordinary citizens. She believes this poses a serious threat to democracy, which is meant to give equal representation and consideration to all eligible voters regardless of their wealth or social status.