The influence of billionaires on American politics has never been more evident, with the wealthiest people in the US spending record amounts during the 2024 presidential election. Analysis by the Americans for Tax Fairness group earlier this year showed that 100 billionaire families donated $2.6 billion to candidates for last November's election, more than two-and-a-half times the amount spent in 2020. The billionaires "heavily favoured Republicans", the report said, with 70% of their donations going to the GOP, helping Donald Trump back into the White House. The "eye-popping amounts speak to the shifts in political power granted to the affluent...