A Bill Of Rights For Billionaires
The Article: The Billionaires Bill Of Rights by Dick Meister in TruthOut.
The Text: Billionaire corporate interests and other well financed anti-labor forces are waging a major drive to stifle the political voice of workers and their unions in California that is certain to spread nationwide if not stopped – and stopped now.
At issue is a highly deceptive measure, Proposition 32, on the state’s November election ballot, that its anti-labor sponsors label as an even-handed attempt to limit campaign spending. But actually, it would limit – and severely – only the spending of unions while leaving corporations and other moneyed special interests free to spend as much as they like.
Unions would be prohibited from making political contributions with money collected from voluntary paycheck deductions authorized by their members, which is the main source of union political funds.
But there would be no limits on corporations, whose political funds come from their profits, their customers or suppliers and the contributions of corporate executives. Nor would there be any limit on the political spending of the executives or any other wealthy individuals. What’s more, corporate special interests and billionaires could still give unlimited millions to secretive “Super PACs” that can raise unlimited amounts of money anonymously to finance their political campaigns.