The Rise of the Billionaire Lobby

You’ve heard of the oil lobby, the tobacco lobby, the Israel lobby, the charter school lobby. Behind all of these are billionaires who benefit from the underlying industries or sectors, and whose corporations use their resources to lobby the government for favorable policies. Now, in reaction to a California ballot initiative for the world’s first billionaire tax, we have an innovation: a lobby for billionaires themselves. Self-advocacy by wealthy people is nothing new, of course. But faced…