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Tipsheet

Obama Talks Income Inequality At $33k-per-Ticket Fundraiser

Last night, President Obama held a fundraiser in the San Francisco Bay area, where he told presumably wealthy donors to be concerned about inequality and the wave of populism that’s sweeping the nation. Oh, and did I forget to mention that one ticket to this event cost $33,400 (via the Hill):

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Obama has previously expressed surprise by the enthusiasm generated by Trump and Sanders. But he urged donors attending the $33,400-per-ticket fundraiser to understand that populist candidates in both parties are tapping into something real.

“Despite all the progress we've made ... what is true is that people are anxious,” the president said. “People are deeply concerned about inequality in the sense that the system is rigged against ordinary folks."

"And they're not wrong.”

Obama’s audience was full of members of the “1 percent,” the type of people Sanders, a democratic socialist, has railed against.

The fundraiser was held at the home of Steve Westly — a former California gubernatorial candidate, major Democratic donor and former eBay executive — in Atherton, Ca., annually listed as one of the wealthiest towns in America.

Yet, it’s the Republicans who are the party of the rich. I’m pretty sure both parties share that title.

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