Charles Koch. (AP Photo/Topeka Capital-Journal, Mike Burley)
Charles Koch, the chief executive of Koch Industries who is worth an estimated $34 billion to $44.6 billion, has a new letter to his employees. Koch and his brother spent more than ever in the last election, financing anti-Obama attack ads, phone banks voter contact efforts and more -- but came up short. In his letter, sent to tens of thousands of employees through the Koch Industries' "Discovery" newsletter, Koch warns that "November's election results ... are part of a trend that, if not reversed, will destroy the American dream."
The letter hits familiar themes, claiming regulation and taxation will ruin the economy and posits Koch's political intervention as our only savior. Koch also implies more big-money spending on campaigns and political groups, writing, "As a company, we are committed to doing what is right in every aspect of our business. That is why we will continue doing everything we can to persuade politicians to put what is good for the country first, before it is too late."
In a quasi-letter to the editor section of Discovery, there's an array of letters all competing to heap the most praise on the Koch brothers and their patriotism. It really should be viewed in its entirety, just as a specimen of the bubble that some of the ultra-rich live under, but here's a representative sample:
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