A Plutocrat Epiphany: All Votes Need Not Count

By Sam Pizzigati

September 30, 2012 - 1:48pm ET 

America's billionaires have realized they really don't have to bother convincing a majority of people to vote their way. They can put their cash instead into campaigns to keep the hard-to-convince from voting.

Our two major presidential candidates descended on Ohio last week, and legions of reporters followed closely behind. Those reporters filed tens of thousands of words on what they saw and heard on their quick in-and-out Ohio excursion.

But not one of those reporters filed a word about what may have been the most nationally significant news out of Ohio last week: the release of a new analysis on income inequality from the Federal Reserve Bank of Cleveland.