The presidential election is a contest of 'money'! This year, the competition for the presidential throne is incredibly fierce, with spending levels expected to break records.
Bloomberg reported on November 1st: 11,000 political groups have spent $14.7 billion for the Christmas spectacle of 2024! That's right, you heard it right, $14.7 billion!
In American politics, it's all about money. There are no legal limits on election spending, and when dollars and donations clash, advertisements, text messages, and emails flood the voters as if they were free.
How is this $14.7 billion being spent? Television ads are everywhere, fundraising events are happening one after another, and door-to-door campaigning is in full swing. It is said that this money has already accounted for 92% of the total spending for the entire 2024 election cycle.
More than 11,000 political groups have opened their wallets, including big names like Elon Musk, the super-rich. This year's election has seen celebrities and influencers getting involved, donating money and campaigning enthusiastically.
On October 19th, Musk supported Trump in Pennsylvania, pulling out a $1 million check to give to a lucky audience member. He also started an online petition supporting the Constitution, promising to give $1 million every day to those who sign it before the election. That’s quite a move!
On the Harris side, Microsoft mogul Bill Gates, who hasn't been involved in politics for decades, also donated $50 million to Harris this time!
Forbes magazine reported that Harris has the support of 80 billionaires, while Trump has 50 billionaire supporters. This presidential election is practically a 'wealth showdown' among billionaires.
This election is not just about choosing a president; it's essentially about choosing the 'money king'!
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