The party of the rich

Yes, its the Democrats.

Extracts:


Yesterday, the poll for the House vote in the East showed that the 25 percent of the electorate making over $100,000 went big for Democrats overall, 57-42, compared with a 49-48 margin in 2004. In 2006, those making between $150,000 and $200,000 voted for Democratic candidates by a whopping 63-37 majority, and those making more than $200,000 went Democratic by a slim 50-48 margin. That's a huge shift from 2004, when Republicans took the $150,000 to $200,000 demographic 50-48 and rang up a huge victory among the over $200,000 set: 56-40.


Broken down by region and demos, the Democrats now show leads among the wealthy. What does it mean? Why would people vote against their own economic interests? It's hard to figure out. Moreover, I'm interested if that is going to drive the party's platforms in any meaningful fashion. I'm not so sure it will in the short term but it may have long term implications. I'll be damned if I have any idea what they might be.

Comments

Paul Smith Jr. said…
When I was in College Republicans, it was the moderate/liberal faction who were from upper income familes. Those of us who were conservative came from middle to lower income families.

My reasoning was (and is) that upper-income familes can afford the high taxes their policies impose. Those of us who lived on tighter incomes needed every dollar we could get and therefore felt the impact of high taxes and so supported smaller government.
10:46 AM
The Last Ephor said…
Interesting. Sort of guts the notion that low taxation people are so inclined b/c they are greedy.
11:28 AM
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