When Low Taxes Don ’ t Help the Rich

AT first glance, money's growing influence in politics appears impossible to challenge because of a powerful positive-feedback loop. Yet hope remains. Although big-money donors are a diverse group, many of them want lower tax rates for themselves and less stringent regulations for their businesses — and they've been brilliantly effective in getting them. Their success has increased their incomes still further, allowing them to make even larger contributions and to demand even bigger favors.