On the recordFebruary 6, 2025
88 years ago, President Franklin Roosevelt stood before the American people in Philadelphia and warned of an economic aristocracy that sought to dominate not just our markets but our democracy. He spoke of those who amassed great wealth and then used that wealth to shape the laws of our Nation to serve their own worldview rather than the public good. He pledged that the government must serve the people, not the privileged few. That same challenge exists today, but now it is billionaires themselves taking over our government. They bankroll the campaigns, install their loyalists, and want to control government so they can make the rules. They push for deep cuts to public education, including eliminating funding for decent schools in working-class neighborhoods to fund massive tax breaks for the investor class that we cannot afford. They fight to deregulate social media platforms to grow the market value of companies in my district just as the railroad barons of the past fought against every piece of regulation to protect their profits. They move fast and break things, treating our government like their own personal experiment, blind to the millions of Americans who rely on its services. Why? Because they believe they are entitled to rule. They see themselves as an aristocracy of talent, a select few whose wealth and success make them the rightful decisionmakers for the rest of us.…
Source
govinfo.gov




