Sheldon’s pocket change
by digby
People seem to be shocked by this because it’s so much money:
Nevada casino mogul Sheldon Adelson and his wife Miriam contributed $33 million to two major Republican super PACs in the closing weeks of the 2012 campaign, according to campaign finance disclosure reports filed Thursday with the Federal Election Commission.
I’m just going to reprise this post from last year:
Does everyone understand that Sheldon Adelson is worth 25 billion dollars? He’s the 7th richest man in the United States.
The following illustration compares an human being against a stack of $100 currency note bundles. A bundle of $100 notes is equivalent to $10,000 and that can easily fit in your pocket. 1 million dollars will probably fit inside a standard shopping bag while a billion dollars would occupy a small room of your house:
Adelson has 25 of those rooms full of money. Even if he does spend a full hundred million, as he’s been reported to be planning, it is the equivalent of a modest week-end getaway for you and me. He really is that rich.
We have never before had so much money concentrated at the top. These are vast fortunes beyond our imaginations. It makes perfect sense that some of these oligarchs would spend tens of millions to buy elections. It’s not that much money to them. There is no shaming them about it.
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