Seth Meyers takes a critical look at the 158 families bankrolling the 2016 presidential race


Over the weekend, The New York Times ran an article on the "overwhelmingly white, rich, older, and male" millionaires and billionaires financing the 2016 presidential race — just 158 families have contributed $176 million in the first phase of the campaign, or half of all money donated. On Monday's Late Night, Seth Meyers took a closer look at what that means for the election and democracy.
One effect is that campaigns last a lot longer than they used to in the era before the Supreme Court's Citizens United ruling. These days, Meyers said, "candidates with little or no support can keep running because at any point, a super PAC could revive their campaign" — which, he added, explains Bobby Jindal's continued run. Another side effect, Meyers said, is that "candidates have to do increasingly ridiculous things to curry favor with the wealthy donors." The most pernicious effect, though, is that when the winning candidate takes office, he or she is indebted to a handful of very wealthy people, and that affects the laws that are passed. He ended with some examples and a quote from Charles Koch that, Meyers aid, sounds "like every Batman villain right before they get caught." Watch below. Peter Weber
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
Why Rikers Island will no longer be under New York City's control
The Explainer A 'remediation manager' has been appointed to run the infamous jail
-
California may pull health care from eligible undocumented migrants
IN THE SPOTLIGHT After pushing for universal health care for all Californians regardless of immigration status, Gov. Gavin Newsom's latest budget proposal backs away from a key campaign promise
-
Is Apple breaking up with Google?
Today's Big Question Google is the default search engine in the Safari browser. The emergence of artificial intelligence could change that.
-
Shakespeare not an absent spouse, study proposes
speed read A letter fragment suggests that the Shakespeares lived together all along, says scholar Matthew Steggle
-
New Mexico to investigate death of Gene Hackman, wife
speed read The Oscar-winning actor and his wife Betsy Arakawa were found dead in their home with no signs of foul play
-
Giant schnauzer wins top prize at Westminster show
Speed Read Monty won best in show at the 149th Westminster Kennel Club dog show
-
Beyoncé, Kendrick Lamar take top Grammys
Speed Read Beyoncé took home album of the year for 'Cowboy Carter' and Kendrick Lamar's diss track 'Not Like Us' won five awards
-
The Louvre is giving 'Mona Lisa' her own room
Speed Read The world's most-visited art museum is getting a major renovation
-
Honda and Nissan in merger talks
Speed Read The companies are currently Japan's second and third-biggest automakers, respectively
-
Taylor Swift wraps up record-shattering Eras tour
Speed Read The pop star finally ended her long-running tour in Vancouver, Canada
-
Drake claims illegal boosting, defamation
Speed Read The rapper accused Universal Music of boosting Kendrick Lamar's diss track and said UMG allowed him to be falsely accused of pedophilia