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The Rich support McCain, the Super-Rich support Obama

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central scrutinizer Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-23-08 02:35 PM
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The Rich support McCain, the Super-Rich support Obama
http://blogs.wsj.com/wealth/2008/10/13/the-rich-support-mccain-the-super-rich-support-obama/print/

In Richistan, I wrote about a new political divide emerging among the wealthy. While most Lower Richistani’s ($1 million to $10 million in net worth) were voting Republican, most Middle-and Upper Richistanis (those worth $10 million plus and $100 million plus) were voting Democrat.

Lower Richistanis tended to vote almost exclusively based on taxes. But Upper Richistanis placed a higher priority on longer-term societal issues like health care, the environment and education, which are traditional Democrat issues. Some say Upper Richistanis can afford to minimize taxes, since they have plenty of money even after the government takes its share. Others say the ultra-rich have better tax attorneys so they don’t care as much about tax rates.
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Salviati Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-23-08 03:53 PM
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1. While others may say...
That the ultra-rich may have gotten that way by not being penny wise and pound foolish. By taking a broad view and promoting long term stability, they are insuring the continuation of the system that they've found so much sucess in. The "Lower Richistanis" sound like a form of malignant cancer, they're in it for themselves, to hell with the rest of the body politic.
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