Billionaire Philanthropist Tom Steyer Announces 2020 Presidential Bid
By Jon Queally
Despite repeated assurances he would not do so, billionaire philanthropist and activist Tom Steyer — who has previously pledged his vast fortune to such causes as defeating the Keystone XL pipeline and mounting a national campaign demanding the impeachment of President Donald Trump — officially announced on Tuesday the launch of a 2020 campaign for the Democratic Party presidential nomination.
"It's true," Steyer said in a post on Twitter along with a kick-off campaign video. "I'm running for president."
While Steyer's work as a hedge fund manager and financier has resulted in what Forbes estimates is a $1.6 billion fortune, the newly-announced candidate states in his launch video that, unlike Trump, he is acutely aware of the injustice of a society in which some are able to hold enormous riches while others struggle to put food on the table.
"We have a society that's very unequal and it's really important for people to understand this society is connected," says Steyer in the video. "If this is a banana republic with a few very, very rich people and everybody else living in misery — that's a failure."
Another Democratic candidate at this point in the primary race — especially one with Steyer's outward pedigree and despite whatever bona fides or unique skills he brings to the table — was quick to draw ridicule and derision from progressive critics who said that his resources and the political machine he has built in recent years could be put to better use than by engaging in what is perceived as vanity project by many.
We need to stop the practice of billionaires trying to buy elections. @TomSteyer, think of all the good your $100 million could do for the environment, rather than trying to muscle your way into an already over-crowded and very promising presidential field. https://t.co/83e3pb2GEB— Cynthia Nixon (@CynthiaNixon) July 9, 2019
Steyer could be choosing to fund popular initiatives to implement automatic voter registration, restrict disenfranchisement, raise the minimum wage, counter right-to-work. But why do that when you could try to buy yourself the White House instead? https://t.co/CT1YGfhvTt— Taniel (@Taniel) July 9, 2019
As writer Anand Giridharadas suggested, the very rich — whatever their intentions — cannot save us:
A PSA for @TomSteyer and anyone else who thinks billionaire saviors will rescue us from the billionaire demagogue who rose to power because of what billionaires have done to our economy and politics. pic.twitter.com/o2XFYHljr3— Anand Giridharadas (@AnandWrites) July 9, 2019
According to The New York Times:
Mr. Steyer may be a questionable vessel for a populist message, as a billionaire financier in a party increasingly defined by concern for economic inequality, and as a 62-year-old white man courting an audience of liberals in a Democratic Party preoccupied with racial diversity and gender equality.
Yet his candidacy instantly transformed the financial shape of the race; he vowed to spend an enormous sum of his personal fortune on his campaign.
"Tom has committed to spending at least $100 million on this campaign," said Alberto Lammers, a spokesman for Mr. Steyer.
That figure exceeds the total fund-raising over the last three months by Joseph R. Biden Jr., Pete Buttigieg, Elizabeth Warren, Bernie Sanders and Kamala Harris — combined. A $100 million budget would represent about half the cost of Hillary Clinton's 2016 primary campaign; most candidates who run for president spend a fraction of that sum.
While Steyer does not explicitly mention impeaching Trump in his campaign rollout, Salon's Sophia Tesfaye suggests his presidential bid could be enough to "shame" House Speaker Nancy Pelosi and other top Democrats into taking more forceful action on the issue.
"Steyer's public case for impeachment stalled out after he initially bowed out of the presidential race six months ago," writes Tesfaye, "but his group, Need to Impeach, recently released a $1 million ad buy for national networks in New Hampshire and Iowa, criticizing Democratic Party leaders for doing nothing."
Over at Splinter, journalist and commentator Libby Watson was having none of it in her column "Tom Steyer Thinks You're Stupid." Of course, Steyer has every right to run for president if he wants to, argues Watson, but that's not the point. She writes:
It's not that Tom Steyer is cheating. It's that his obscene wealth and the accordant ability to buy his way into the political system is exactly what's wrong with America. It's that the existence of Tom Steyer, billionaire, is cheating. And it's wrong.
Steyer's campaign launch video proved he does not understand this at all. Throughout, he railed against big money in politics and corporate interests swaying the political system in their favor — while running a campaign for president that's only made possible by the billions he amassed at his hedge fund. He doesn't understand that this isn't a good thing even if the billionaire with outsized influence happens to be a nice old California hippie type who just loves the environment and says the right things about the rest of the rich guys.
A quixotic billionaire campaign from the older brother from Succession might be better than, say, Exxon Mobil personified running (hey, corporations are people, right?). But Steyer doesn't realize that he does not have the moral authority to rail against the system that created him just because he is One of the Good Billionaires. The point of democracy is representation by the people, not representation by an uber-wealthy guy who promises real hard to figure out what real people need.
Steyer, however, made it clear he thinks he has a message worth sharing and — like other billionaire candidates before him — has the resources to fund his own campaign.
"Let's take our democracy back from corporations and special interests," Steyer added, "and give it to the people — the way it was always intended."
Reposted with permission from our media associate Common Dreams.
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The COVID-19 pandemic in the United States is the deepest and longest period of malaise in a dozen years. Our colleagues at the University of Vermont have concluded this by analyzing posts on Twitter. The Vermont Complex Systems Center studies 50 million tweets a day, scoring the "happiness" of people's words to monitor the national mood. That mood today is at its lowest point since 2008 when they started this project.
The Hedonometer measures happiness through analysis of key words on Twitter, which is now used by one in five Americans. This chart covers 18 months from early 2019 to July 2020, showing major dips in 2020. hedonometer.org<p>These same tweets also indicate a potential salve. Before pandemic lockdowns began, doctoral student <a href="https://scholar.google.com/citations?user=0P0ZYbIAAAAJ&hl=en" target="_blank">Aaron Schwartz</a> <a href="https://doi.org/10.1002/pan3.10045" target="_blank">compared tweets before, during, and after visits to 150 parks, playgrounds and plazas</a> in San Francisco. He found that park visits corresponded with a spike in happiness, followed by an afterglow lasting up to four hours.</p><p>Tweets from parks contained fewer negative words such as "no," "not" and "can't," and fewer first-person pronouns like "I" and "me." It seems that nature makes people more positive and less self-obsessed.</p><p>Parks keep people happy in times of global crisis, economic shutdown and public anger. Research has also shown that transmission rates for COVID-19 are <a href="https://www.sfchronicle.com/news/article/Is-risk-of-coronavirus-transmission-lower-15287602.php" target="_blank">much lower outdoors than inside</a>. As scholars who study <a href="https://scholar.google.com/citations?user=yFzb2EUAAAAJ&hl=en" target="_blank">conservation</a> and how nature <a href="https://scholar.google.com/citations?user=CCnUeN8AAAAJ&hl=en" target="_blank">contributes to human well-being</a>, we see opening up parks and creating new ones as a straightforward remedy for Americans' current blues.</p>
Park Visits Are Up During the Pandemic<p>According to the Hedonometer, sentiments expressed online started trending lower in mid-March as the impacts of the pandemic became clear. As lockdowns continued, they registered the lowest sentiment scores on record. Then in late May, effects from George Floyd's death in police custody and the following protests and police response once again could be seen on Twitter. May 31, 2020 was the saddest day of the project.</p><p>Recent surveys of park visitors around the University of Vermont have shown people <a href="https://osf.io/preprints/socarxiv/sd3h6" target="_blank">using green spaces more</a> since COVID-19 lockdowns began. Many people reported that parks were highly important to their well-being during the pandemic.</p>
<div id="4c7e4" class="rm-shortcode" data-rm-shortcode-id="bc0ac146ab2a94228f32d973fc2ab272"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1289428912879964160" data-partner="rebelmouse"><div style="margin:1em 0">#Goldengatepark #sf #quarantinemood https://t.co/9l3ufnbkt6</div> — Suvd (@Suvd)<a href="https://twitter.com/Suvd19486406/statuses/1289428912879964160">1596258783.0</a></blockquote></div><p>The powerful effects of nature are strongest in large parks with more trees, but smaller neighborhood parks also provide a significant boost. Their impact on happiness is real, measurable and lasting.</p><p>Twitter records show that parks increase happiness to a level similar to the bounce at Christmas, which typically is the happiest day of the year. Schwartz has since expanded his <a href="https://arxiv.org/pdf/2006.10658.pdf" target="_blank">Twitter study</a> to the 25 largest cities in the U.S. and found this bounce everywhere.</p><p>Parks and public spaces won't cure COVID-19 or stop police brutality, but they are far more than playgrounds. There is growing evidence that parks contribute to mental and physical health in a range of communities.</p><p>In a 2015 study, for example, Stanford researchers sent people out for one of two walks: through a local park or on a busy street. Those who walked in nature showed <a href="https://doi.org/10.1016/j.landurbplan.2015.02.005" target="_blank">improved moods and better memory performance</a> compared to the urban group. And a team led by <a href="https://penniur.upenn.edu/people/eugenia-gina-south" target="_blank">Gina South</a> of the University of Pennsylvania showed in a 2018 study that greening and cleaning up blighted vacant lots in Philadelphia <a href="http://dx.doi.org/10.1001/jamanetworkopen.2018.0298" target="_blank">reduced local residents' feelings of depression, worthlessness and poor mental health</a>.</p>
Creative Strategies<p>It isn't easy to create new parks on the scale of San Francisco's Golden Gate Park or the Washington Mall, but smaller projects can expand outdoor space. Options include greening vacant lots, closing streets and investing in existing parks to make them safer, greener and shadier and support wildlife.</p><p>These initiatives don't have to be capital-intensive. In the University of Pennsylvania study, for example, renovating a vacant lot by removing trash, planting grass and trees and installing a low fence cost only about US$1,600.</p><p>Urban green space is most needed in neighborhoods that have lacked funding for parks, especially given <a href="https://www.nytimes.com/2020/04/08/nyregion/coronavirus-race-deaths.html" target="_blank">COVID-19's disproportionate impact on Black and Latinx people</a>.</p><p>Cities can also create parklike spaces by <a href="https://theconversation.com/with-fewer-cars-on-us-streets-now-is-the-time-to-reinvent-roadways-and-how-we-use-them-140408" target="_blank">closing streets to cars</a>. Many cities worldwide are currently retooling their transportation systems for the post-COVID-19 world in order to <a href="https://thecityfix.com/blog/bicycles-slower-speeds-livable-city-paris-mayor-anne-hidalgo-plans-ambitious-second-term-dario-hidalgo/" target="_blank">reallocate public space</a>, widen sidewalks and make more space for nature.</p><p>Urban designers, artists, ecologists and other citizens can play a direct role, too, creating pop-up parks and green spaces. Some advocates <a href="https://www.bloomberg.com/news/articles/2017-09-15/a-brief-history-of-park-ing-day" target="_blank">transform parking spaces into mini-parks</a> with grass, potted trees and seating for just the time on the meter, to make a larger point about turning so much public space over to cars.</p><p>Or cities can invest a little more. Minneapolis, Cincinnati and Arlington, Virginia, have won <a href="https://www.tpl.org/parkscore" target="_blank">national recognition</a> for their ambitious investments in public park systems. These areas could serve as models for neighborhoods that lack access to parks.</p>
<div id="25fd0" class="rm-shortcode" data-rm-shortcode-id="383f0d2df0237e9359c30dcce6cd6c42"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1276558744835379201" data-partner="rebelmouse"><div style="margin:1em 0">Looking to safely get outside? Check out the best parks for social distancing in this year's top ten ParkScore citi… https://t.co/HJjEtDsrTD</div> — The Trust for Public Land (@The Trust for Public Land)<a href="https://twitter.com/tpl_org/statuses/1276558744835379201">1593190296.0</a></blockquote></div>
A New Park Deal?<p>The United States has historically driven economic recovery with major infrastructure investments, like the New Deal in the 1930s and the 2009 <a href="https://www.investopedia.com/terms/a/american-recovery-and-reinvestment-act.asp" target="_blank">American Reinvestment and Recovery Act</a>. Such investments could easily include nature-positive spaces.</p><p>Parks are not panaceas, as evidenced by the widely publicized <a href="https://www.nytimes.com/2020/07/06/nyregion/amy-cooper-false-report-charge.html" target="_blank">racist confrontation between a white woman and a Black birder</a> in New York's Central Park in early July. But Hedonometer data add to a <a href="https://advances.sciencemag.org/content/5/7/eaax0903?utm_source=miragenews&utm_medium=miragenews&utm_campaign=news" target="_blank">growing body of evidence</a> that they provide <a href="https://doi.org/10.1073/pnas.1807504116" target="_blank">clear mental health benefits</a>. Creating and expanding parks also <a href="https://www.nrpa.org/contentassets/f568e0ca499743a08148e3593c860fc5/economic-impact-study-summary.pdf" target="_blank">generates jobs and economic activity</a>, with much of the money spent locally.</p><p>We believe investments in nature are well worth it, offering both short-term solace in difficult times and long-term benefits to health, economies and communities.</p>
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