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adelson could spend way more than that on a candidate this time around. after all, this is a guy that "forbes" says makes an average of $32 million a day. when you're making that much, what's a few hundred million between friends. hey, it's not like these throwing the money away. his latest cause, the scourge online gambling, he opposes for moral reasons, not because it could compete with his own casinos. >> any skeptic could say that i am -- that money is the consideration. money is not the consideration with me. i think it's a train wreck. that's -- it's really toxicity, it's a cancer waiting to happen. >> why would you think money was a consideration for sheldon adelson? adelson and his wife donated more than $15,000 to senator lindsey graham's campaign last year and soon, according to politico, graham plans to introduce a bill to ban internet gambling though it's not an issue that previously attracted much of his attention.
about the importance of this cause, he announced this initiative yesterday on letterhead emblazoned with his team's racist name. suzan harjo, american indian activist and opponent of the team's name told the "associated press" snyder's move was, quote, a pr assault and bribery." joining me, roman oben, and writer dave mckenna who wrote a column about dan snyder, owner of the washington, d.c., football team. snyder sued the paper over it. the suit was later dropped. dave, i'll begin with you. why won't he change the name? what is it here? is it tradition? is it just money? what's the deal? >> it's because people told him to change the name. he will change -- tradition doesn't really mean much to dan snyder. he changed the level, the club level at fedex field, it was called the joe gibbs level, as sacred a figure as there is in redskins nation. he changed that to stubhub level this year for money. so he will still out. but he also is a very stubborn
any other ethnic group. when considered that way, redskins can't possibly honor a heritage or a noble character trait. nor can it possibly be considered a neutral term. it's an insult, a slur, no matter how benign the present day intent. >> this kind of pressure building against it, it is getting harder and harder for dan snyder to defend the team's name. to defend what is really indefensible. now, there's a very simple solution to snyder's problem. he could just change the name of his team. and sure, adopting a new name would be a headache and would surely cost the team some money. it's hard to imagine the cost of a name being all that painful to a franchise, but according to "forbes" is worth $1.7 billion. dan snyder will not change his team's very offensive name. famously telling "usa today" last year, "we'll never change the name. it's that simple. never. you can use caps." instead, snyder has decided to launch a foundation whose mission is to, "provide meaningful and measurable resources that provide genuine opportunities for tribal
people aren't giving up their suites or luxury boxes. it hasn't affected dan snyder negatively. the franchise would be probably worth a lot more if he did go through this -- i mean, sure marketing people would have fun with this new name change and reorganization. but, again, you back to the foundation. the activists are saying don't throw money at the problem. >> right. >> but if the franchise is worth a lot more money, does he still throw money at it? >> go back. the argument that dan snyder has given, dave, constantly that the washington pr people have rolled out is actual american indians, they're fine with this. you hear this all the time. what's your response to that argument? >> i don't buy it. i mean, i went through the "washington post" archives from the team was named in 1933, i believe, by preston marshall, a local, a d.c. guy. and i went through the "washington post" archives from that point previous to find all
political parties but to billionaires if they get elected. >> i think it's interesting, the scourge that campaign finance activists talk about is the quid pro quo, and usually it doesn't work like that. usually it's just much more complicated and overdetermined than i give you money, you deliver for me on a piece of legislation. but we're getting to the point where the amount of money is so large and the interest of the people giving the money is so mementos, we are going to get to a quid pro quo straight-up out in the open scandal that's going to break it all. that is my prediction. we're going to have a crisis moment where it just is the case that some plutocrat gives hundreds of millions of dollars and just gets something straight-up in return. >> well, it's already happening. if it were going to be a make-or-break point, there's plenty of evidence around that big corporations and some very wealthy individuals have got exactly what they want. i think it's going to be a race between increasing cynicism on
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meetings with republican hopefuls to have flown to vegas for the occasion according to the "washington post." includes former florida governor jeb bush who will be the featured speaker at a vip dinner at the private airplane hangar where adelson keeps his fleet as well as three other men believed to be exploring a presidential run in 2016. chris christie of new jersey, scott walker of wisconsin, and john kasich of ohio. so why is it so important for these guys to win the sheldon primary? well because sheldon adelson will spend a whole lot of money to try to get his chosen candidate elected. we know that adelson and his wife spend at least $98 million in the 2012 campaign cycle to boost gop candidates, though they may have intent much more. two gop fund-raisers told the "washington post" adelson spent closer to $150 million. gave $20 million to the superpac backing newt gingrich, prolong the gop primary process to the great consternation of the republican establishment which wanted it over.
billionaires if they get elected. >> i think it's interesting, the scourge that campaign finance activists talk about is the quid pro quo, and usually it doesn't work like that. usually it's just much more complicated and overdetermined than i give you money, you deliver for me on a piece of legislation. but we're getting to the point where the amount of money is so large and the interest of the people giving the money is so mementos, we are going to get to a quid pro quo straight-up out in the open scandal that's going to break it all. that is my prediction. we're going to have a crisis moment where it just is the case that some plutocrat gives hundreds of millions of dollars and just gets something straight-up in return. >> well, it's already happening. if it were going to be a make-or-break point, there's plenty of evidence around that big corporations and some very wealthy individuals have got exactly what they want. i think it's going to be a race between increasing cynicism on the part of the public and kind
communities." because snyder is so serious about the importance of this cause, he announced this initiative yesterday on letterhead emblazoned with his team's racist name. suzan harjo, american indian activist and opponent of the team's name told the "associated press" snyder's move was, quote, a pr assault and bribery." joining me, roman oben, and writer dave mckenna who wrote a column about dan snyder, owner of the washington, d.c., football team. snyder sued the paper over it. the suit was later dropped. dave, i'll begin with you. why won't he change the name? what is it here? is it tradition? is it just money? what's the deal? >> it's because people told him to change the name. he will change -- tradition doesn't really mean much to dan snyder. he changed the level, the club level at fedex field, it was called the joe gibbs level, as sacred a figure as there is in redskins nation.
the stock market has roared. i mean, it's these people who have never, never, ever done better. adelson is making about $1.5 million per hour. i mean, compare that to -- >> oh my lord. >> -- the minimum wage worker at $7.25. i mean, there's no -- these people have never had more power. we're moving, i think, toward a kind of, well, it's not exactly a russian oligarchy, but it feels an awful lot like -- less like a plutocracy, more like an oligarch. >> we use the word oligarchy when talking about other countries but may need to import that back domestically. robert reich. his documentary, "inequality for all," is out now. coming up, an owner of an nfl team wants to help american indians but keeping his team named after a racial slur. today, and missing the point, ahead. and so does bill, an identity thief who stole mary's identity, took over her bank accounts, and stole her hard-earned money.