But the most important players in Clinton’s new gentry come from the tech world. Bill Clinton opened this spigot up in 1992, impressing such longtime Republicans as Hewlett Packard’s John Young and then-Apple President John Sculley enough to get their endorsements.

President Obama has deepened these ties, raising $2.4 million for his 2008 campaign and nearly $3.5 million in his 2012 campaign. Tech companies, notably Google, have enjoyed extraordinary influence under Obama, particularly on crucial regulatory issues on telecommunication.

The new oligarchy also does not have to worry much about too much financial scrutiny under a Hillary regime. After all, Bill Clinton pushed financial deregulation as much as any free-market Republican, and it was under him that Wall Street began to get chummier with the progressives. The late-in-the-day reforms on executive pay recently advanced by the Obama administration will likely be subject to some delay or obfuscation. Capital gains rates—arguably among the biggest drivers of inequality and particularly tech fortunes—and tax shelters will likely remain untouched.