Newt Gingrich, whose campaign was kept alive by one very rich billionaire, warns us that billionaires could have too much influence on our politics.
Former Republican presidential candidate Newt Gingrich warned in a recent interview that a handful of billionaires had an “unfair advantage” in choosing the next president of the United States.
Gingrich told ABC News in an interview posted on Tuesday why presumptive Republican nominee Mitt Romney came out on top during the GOP primaries: “In the end, he had, I think, sixteen billionaires and we had one.”
“We’re in a situation where if you’re really rich, you have an enormous, and I think unfair, advantage,” the former House Speaker explained. “The trick is not to cripple the rich, the trick is to empower the middle class.”
Gingrich’s one billionaire was casino mogul Sheldon Adelson, who gave about $25 billion to his election effort. Adelson is now on team Romney, promising to give as much as $100 million to help the candidate defeat President Barack Obama.