The ultrarich keep losing Democratic primaries. Here’s why. ^47.6%

MS NOW - By Armand Manoukian - 6/4/2026, 8:21 PM

Post Hoc (False Cause) 28.8% - Anecdotal 14.9% - Negativity Bias 13.6%

Tom Steyer ran for governor of California as a climate crusader endorsed by Bernie Sanders’ political organization, Our Revolution. He also spent at least $216 million of his own money on the race — and in the end, that was the only thing voters seemed to remember. With nearly 58% of the vote counted, he is running third. For... more