Can you name someone who has actually done this in today's economy? IMO the problem with this idea of billionaires using their money to buy legislation is for every billionaire using his money to get some law passed, there is another billionaire using just as much money to get the law defeated and they cancel each other out. Rich people do not agree on issues, there are just as many progressive rich people who fight to get progressive ideas passed, as there are conservative rich people who fight to get conservative laws passed. They are not like black people voting 95% democratic or for the same type of ideas, and get vilified by other blacks if they don't tow the line; rich people have ideas that are as diverse as can be.
John Rockefeller (July 8, 1839 – May 23, 1937) planned to buy out as many other oil refineries as he could. To do this, he often used hardball tactics. In 1874, Standard started acquiring new oil pipeline networks. This enabled the company to cut off the flow of crude oil to refineries Rockefeller wanted to buy. When a rival company attempted to build a competing pipeline across Pennsylvania, Standard Oil bought up land along the way to block it. Rockefeller also resorted to outright bribery of Pennsylvania legislators. In the end, Rockefeller made a deal with the other company, which gave Standard Oil ownership of nearly all the oil pipelines in the nation.
William Randolph Hearst (April 29, 1863 – August 14, 1951) was a primary actor who caused the prohibition of 'Marihuana' through propaganda. Hemp was going to disrupt the textiles industry, and Hearst among other members of that industry...
Nelson Rockefeller (July 8, 1908 – January 26, 1979) was John's grandson is accredited for getting the "Rockefeller drug laws" passed in New York...
Don't count those examples as "today's economy"?
Here's a couple news headlines about
Bill Gates (October 28, 1955 - Living:
SEATTLE (AP) — Billionaire philanthropist Bill Gates saw an opportunity with a new federal education law that has widespread repercussions for American classrooms.
apnews.com
I could probably keep listing examples all day long... This info took less than 10 minutes to procure.