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Both sides do raise money to operate, but the people funding the two parties are, to a very large extent, different.
Michael Fucking Bloomberg is the top individual Democrat contributor in 2024.
A billionaire is a billionaire is a billionaire. When people say they are funded by the same people, we mean they're funded by the same class interests. Individual small donations from the working class are a literal drop in the bucket compared to what the wealthy contribute.
The Democrats are still funded by the same set of class interests as the Republicans: the wealthy.
If the majority of your funding comes from people who like low taxes for the rich, don't like programs to help the poor, and who generally just want to benefit the already-wealthy, then you're going to really fucking struggle to represent interests of the working class, because the people funding you will stop funding you when you stop focusing on their problems.
Michael Bloomberg in my eyes is not materially different from Elon Musk. But sure, somehow the people funding the party are "different." We didn't just watch Pelosi squash AOCs committee for her wealthy donors, who don't like AOC or what she's selling. Give me a break.
I'll acknowledge that this chart is a little old
Corporate America:
Google/Alphabet didn't make that list?
Probably not then. Maybe now.