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A lot of liberals reflexively reject the word "elite" because right-wingers often use it with racist and antisemitic intent. But there are obviously elites. A handful of billionaires have enormous influence over our lives. Policy and campaign decisions are made by wealthy donors and party apparatchiks.

But they're not elites because they're white men? Is that the takeaway here?

Or is it that these elites know they're elites and hold the line against the rest of us?