I just gotta ask this: Do you personally know a RICH Democrat?

[jojo54]

That is, besides the ones who are in politics.

But seriously, do you know one? Personally or semi-personally? I'm not talking about "well off" or "comfortable". I'm talking about flat-out rich. I for one, know of none. Could just be the circles I travel in but not even the upper crust of the smaller companies I've worked for were Dems. Repukes, all of them.

So I ask, do Repukes have ALL the money in this country, liquid or not?

[Hosnon]

1. Yes. (nt)

[La Lioness Priyanka]

2. yes.

[Stinky The Clown]

3. In a word ...... yes.

Not just one or two.

Quite a few.

[robinlynne]

4. yes.

[truebrit71]

5. Yes.

.

[eggman67]

6. Yes, quite a few actually n/t

[Stinky The Clown]

7. I'm curious ...... why did you "just gotta ask this"?

[jojo54]

18. I thought maybe some would be offended because I was

asking something that some might consider personal.

[KoKo]

8. Yes...

[rosesaylavee]

9. Yes. Not many though.

The DEMs I know with money - give a large amount of it away. Which is what I do with what extra cash I come by.

[blondeatlast]

10. I know several and I'm talking really big bucks, not just comfortable. nt

[Hangingon]

11. Yes several

[yardwork]

12. How do you define "flat-out rich?"

I know quite a few Democrats with incomes of $250,000 or more. I know Democrats who have inherited wealth that is considerably more than that.

[jojo54]

31. You know, rich like you great, great, great grandchildren

will still have to have 5 financial advisers just to handle it all.

[yardwork]

35. Oh. Well, I don't know that many super rich personally, but some are Democrats, yes.

[yardwork]

37. A number of Democratic candidates are this wealthy.

John Kerry, John Edwards, the Kennedys, you know. George Soros is this wealthy.

[JuniperLea]

38. Yes...

So wealthy that part of my job with one of them was to find good causes where hundreds of millions of dollars would be donated annually, for tax purposes. Still, it was always a very well thought out place to put the money. Benefiting children mostly, and families.

[Kelly Rupert]

13. Yes. n/t

[cali]

14. Yes. Intimately.

More than one. In fact, there are loads of them.

[Debi]

15. Yes, several. n/t

[Zywiec]

16. Yes, absolutely. And they're more generous! n/t

[DangerDave921]

23. Really?

I saw a study a while back that I thought said, on average, that Repubs gave more than Dems to charity. Can't remember the details though.

[Zywiec]

29. I'm only speaking about my own experience and not a study. n/t

[thoughtanarchist]

34. skewed study

counted tithing to the mega-churches and statements on tax returns.

Are you really giving to charity if you claim it as a tax break? Or are US taxpayers footing the bill for that charitable contribution?

[JuniperLea]

42. More in total, probably...

They MUST give to charity for tax purposes, so it stands to reason that those with the most money would give the most. Must shelter! Must shelter!

[yardwork]

43. Yeah, right. And I've got a bridge to sell you in Brooklyn.

:rofl:

[stillcool]

59. There's 'charity' and then there's.

"Charitable Trusts...or Charitable Foundations"...if you want to see how it works...the "Rich and the Super-Rich by Ferdinand Lundberg is available for free download at the following website, due to it's copyright expiration. I do not know any of these people, and doubt there are many among us who do. The DuPont's the Rockefellers, the Fords, Mellon-Scaife, etc.,etc....basically any multi-million/billionaire and their families would have these 'charitable foundations'.
http://www.soilandhealth.org/03sov/0303critic/0303socialcriticism.html
Here's an excerpt..

THE RICH AND THE SUPER-RICH. Copyright 1968 by Ferdinand Lundberg.
Ten

PHILANTHROPIC VISTAS:
THE TAX-EXEMPT
FOUNDATIONS

Another effect is the tax-saving benefit. Nearly all of the American foundations have come into view since the enactment of the income tax and estate tax laws: The foundations are completely exempt not only with respect to income taxes but also capital gains taxes. One does not know in each case that the founder sought to escape taxes, but common reason would indicate it. Many standard tax-advisory services explicitly point to these factors as attractive features of foundations. 2

A third effect is the corporate-control effect. Corporate control, which would otherwise be undermined by the tax laws, is preserved to perpetuity by many foundations, permitting the hereditary transmission, tax free, of vast corporate power.

A fourth effect is that the foundations extend the power of their founders very prominently into the cultural areas of education (and propaganda), science, the arts and social relations. While much that is done in these areas under foundation auspices meets judicious critical approval, it is a fact that these dispensations inevitably take the form of patronage, bestowed on approved projects, withheld from disapproved projects. Recipients of the money must be ideologically acceptable to the donors.

There is a positive record showing that by these means purely corporate elements are able to influence research and many university policies, particularly in selection of personnel. While the foundations are staunch supporters of the physical sciences, the findings of which have many profit-making applications in the corporate sphere, among the social disciplines their influence is to foster a prevailing scholastic formalism. By reason of the institutional controls that have been established, the social disciplines are largely empty or self-servingly propagandistic, as careful analyses have disclosed. 3

Whether or not these various effects were sought by the foundation creators, they are present, and the realistic observer must suppose they were what the realistic founders had in mind. (We must be particularly impressed by the frank analyses of their tax advisers.) Via the foundations they get more mileage out of their dollars--and retain more dollars.

The Foundation Panorama

There are now so many tax-exempt foundations in the country that the number cannot be precisely ascertained.

The Foundation Directory, 1964, published by the Russell Sage Foundation, lists 15,000 foundations but says the number is increasing heavily year by year. 4 In this figure it challenges the total of 45,124 given by Representative Wright Patman, chairman of the Select Committee on Small Business of the House of Representatives. Patman's figure, the Directory holds, included civic, educational, welfare and religious organizations as well as pure foundations. 5 But the Patman investigation of the foundations in the early

1960's is the most complete available and will be cited throughout this chapter. It was focused, moreover, on the 534 largest foundations (within the Russell Sage meaning of the term) with total book-value assets exceeding $10 billion at the end of 1960.

As of early 1967, a total of 6,803 foundations in the United States had total assets of $20.3 billion by market values (as distinct from book values), an increase of almost $6 billion in three years, according to the foundation-supported Foundation Library Center of New York, as reported in the New York Times, April 4, 1967 (32:3-4). These were record high figures, a measure of lush prosperity in Foundationland.

Total foundation assets in the period 1960-63, according to the Foundation Directory, were $14,510,765,000; so it is evident that Patman's inquiry covered most of the field. 6 Of these, $8.161 billion were concentrated in New York; Pennsylvania came next with $853 million; then Michigan with $752.9 million; and Texas with $744 million. New York is far in the lead here as in all other aspects of finance.

Prior to 1910 there were only eighteen American foundations, with just one exceeding $10 million. (Until 1913 there were no income taxes, until 1916 no estate taxes.) In the next decade 76 were launched, in the 1920's 173, in the 1930's 288, in the 1940's 1,638 and in the 1950's 2,839. Of 5,050 leading foundations, 32 per cent were launched in the 1940's and 56 per cent in the 1950's. 7 In their magnitude and pervasiveness, then, the foundations are something recent, a new thing. They are plainly a reflex to the tax laws which give them exemption.

[DemocratSinceBirth]

17. My Best Friend Is A Trial Lawyer And A Democrat

She owns four homes... One in Fort Myers...One in Bermuda...One in Milan... One in Orlando...

[Lerkfish]

19. Yes, at one time.

I had a neighbor who owned his own chemical company: they made catalysts for other chemical companies. He owned his own hot air balloon, and bought tons of cool gadgets (he was a scientist so he liked gadgets) unfortunately, he died in a car accident and his sons who inherited the company squandered it away, last I heard. I didn't live in a rich neighborhood, he just liked living relatively simply. (except for his toys). He was involved in campaigns for democrats on a local level, and volunteered his time.

I greatly admired him, for many reasons.

[hedgehog]

20. What's your definition of rich?

A lot of new money is being made by people who are life long democrats. Some of them are even against accumulating family wealth. Both Bill Gates and Warren Buffet plan to give most of their money away while they're alive. Too bad the Walton and MArs families aren't doing the same.

BTW - in the book Richestan, the author documents the phenomenon that people in the lower ranks of the rich feel that they would need twice as much money as they now have to be "secure". We're talking multimillionaires here!

[mainer]

44. The rich get rich because they're insecure

That's my impression of self-made millionaires, anyway. I know several who started off poor and ended up wealthy because of their musical or artistic talents (and NOT because they exploited anyone.) Every single one of them always feels like they could lose it any day, so they're compelled to keep feathering their nests to ward off impending poverty.

I think it helps explain how they got to be so successful. Successful people, in general, seem to be massively insecure about their achievements.

[BadgerLaw2010]

95. Indeed. People who were poor fear being poor again. Very well documented.

[CRF450]

96. Cant really blame them though...

Ya cant really make it in this world without money.

[AX10]

117. interesting.

[mainer]

21. Yes.

Both close friends and family.

[LynneSin]

22. Yes - many

nuff said

[Dora]

24. Yes.

And in answer to your question, no, they don't.

[Lone_Star_Dem]

25. Yes, more than one. n/t

[jojo54]

26. Great. Really, really great.

Congrats to you all for knowing someone who has gotten a piece of the pie. I'm happy for them and I'm happy that the "other side" doesn't have it all.

[jgraz]

27. Yes, I know several

Surprisingly, none of them were born into wealth. Most of them made it in the net-boom of the late '90s.

The sick part is how few of them use their money to effect change. They're all too busy building that 20-acre ranch in Woodside.

[Cleita]

28. Actually, I have met a few multi-millionare Democrats. I think it's

because of where I live that is a retirement haven for the rich of all political stripes. What I do know is that society as a whole seems to do better moneywise when Democrats are in charge. Who was it that said when Clinton was President, the poor got rich and the rich got richer?

[marlakay]

106. Same here I live in a great retirement area

and the home prices are high. A lot of people from Bellevue and Seattle retire here. Not the kind of wealth you are talking about but well off and I have met some dems among them.

My boss has alot of money, and they are dems.

[Breeze54]

30. Yes, at least one personally and others that

are very well off and generous!

[CrispyQ]

32. I work for one.

I estimate his worth to be somewhere around 100-125 million. He pays his employees well, we have excellent benefits, of which he pays 80% for employee & spouse & 50% of coverage cost over individual cost for families. He gets stuff from the republican party all the time & rolls his eyes, throws it in the trash unopened & says, "Don't they know I'm a democrat?" He gives loads of money to local charities & is a big supporter of the university engineering department.

I know others as well, but he is the most well off & the most generous.

[jojo54]

41. He sounds like he's a good person to work for.

I'm very happy that you found this job and are comfortable there.

[JuniperLea]

33. I personally know five BILLIONAIRE Democrats

That's with a "B". I think that qualifies as "rich".

I've worked for three of them.

[paulk]

36. yes.

one of the richest and most influential people in CO, actually.

I'm not going to say I know the person well, more like a former partner of a friend, but it's not true that all rich folks, even mega rich folks, are Republicans.

[Midlodemocrat]

39. Yes. Several.

[LostinVA]

46. You know

they're all secretly Freepers, right?

[Midlodemocrat]

66. Yup. There are no wealthy democrats.

[LostinVA]

67. It's a myth -- just like edible vegan food

Oh wait. LeftyMom's cookies were pretty tasty.

[Botany]

40. yes. n/t

[DaveJ]

45. Yes -- Once I heard Dems described as either being poor or very rich

I'm hoping to transition to the latter one day after I launch by business project.

The company I work for is a family owned business of Democrats. The husband of the President helped work on JFK's campaign. Their kids all have trust funds and such so I'd say they are very rich.

It seems Cons are more likely to be middle class or think of themselves that way, and they love working for the rich....

However, the way I see it is: Those who serve the rich dine with the masses; those who serve the masses dine with the rich.

[jojo54]

50. I like you philosophy.

However, it's a darn shame that the Repugs don't. They don't serve the masses, even if they dine with the rich.

[DaveJ]

73. More like 'mis-serving' the masses

The rich like BushCo are serving the masses by delivering oil and other things, although they are hurting people with their ancillary behavior. I think the real difference between a rich Republican and a rich Democrat is that Cons will do anything to make money, they don't care what, whereas Democrats I think have a natural tendency to think about how their business will enhance society, making things a little better for everyone.

[jojo54]

102. Very well said djohnson.

[karmaqueen]

47. yes, quite a few, n/t

[bryant69]

48. Yeah - great guy - he's always asking me "Hey do you know anybody who would like some money?"

"Maybe some anonymous poster on a message board? I hear those cats have the best ideas." But I usually tell him no - cause I'm kind of a jerk.

Bryant
Check it out --> http://politicalcomment.blogspot.com

[NMMNG]

49. LOL

:rofl: No. I don't know any who even qualify as "upper middle-class", let alone rich.

[jojo54]

54. Laugh away, Buffy.

I don't either, so I'm laughing right along with you!

[emilyg]

51. yes

[Tiberius]

52. Pick up a copy of "Richistan"

I just read it cover to cover. The politics of the rich would surprise you - while most in the $1m to $10m net worth range are Republicans, most of those who have over $10m in net worth are Democrats.

The author of the book was a wealth reporter for the Wall Street Journal, so I find it credible.

[jojo54]

57. Thanks for the info.

I'll try it out.

[Coexist]

64. then stop here to find out why you shouldn't consider repealing the estate tax..

http://www.responsiblewealth.org/commonwealth/index.html

Wealth and Our Commonwealth:
Why America Should Tax Accumulated Fortunes

About the Book
Wealth and Our Commonwealth is the quintessential “Man Bites Dog” story of over 1,000 high-net-worth individuals who rose up to protest the repeal of the estate tax and in the process made headlines everywhere last year. Central to the organization of what Newsweek tagged the “billionaire backlash” were two visionaries: Bill Gates, Sr., co-chair of the Bill and Melinda Gates Foundation, the largest foundation on earth, and Chuck Collins, cofounder of United for a Fair Economy and of Responsible Wealth, and a national expert on economic inequality.

Gates and Collins argue that individual wealth is a product not only of hard work and smart choices but of the society that provides the fertile soil for success. They don’t subscribe to the “Great Man” theory of wealth creation but contend that society’s investments, such as economic development, education, health care, and property rights protection, all contribute to any individual’s good fortune. With the estate tax repeal proposed by the Bush administration, we might be facing the future that Teddy Roosevelt feared-where huge fortunes amassed and untaxed would evolve into a dangerous and permanent aristocracy. Repeal would drop federal revenues $850 billion in the decade after repeal, not to mention that the U.S. Treasury estimates that charitable contributions would drop by $6 billion a year.

But what about all those modest families that would lose the farm? Gates and Collins expose the fallacy of this argument, pointing out that this is largely a myth and that the very same lobbies and politicians who are crying “cows” have opposed other legislation that would actually have helped small farmers. Weaving in personal narratives, history, and plenty of solid economic sense, Gates and Collins make a sound and compelling case for estate tax reform, not repeal.

[Ian David]

53. I know several. And many more by one or more degrees of separation. n/t

[KharmaTrain]

55. Democrats Aren't Supposed To Have Money?

I see a common angst around of those who see money as all bad and all evil. It's a matter of how its earned and how its used. I know many wealthy people (I assume that means having assets in the 7 figure range or higher) who are Democrats. I grew up in an area that was upper middle class and very Democratic and many of my friends from those days have been very successful and still remain Democrats. Money didn't change them...if anything some are more vocal and active now in Democratic and Progressive causes cause they have the time and resources to donate. These are people who support websites like DU, DKos and others, they also make donations to MoveOn, GoldStar Mothers, CREW and many other activist groups.

Of course I can cite the many "filthy" rich Democrats in Hollywood, or the Kennedys or Pritzkers or other wealthy families that are solidly Democratic and work for Progressive causes. I can even cite some CEOs who operate the same way.

Yes, I've met many rich Repugnicans, but I know more who are "wanna-be" rich...social climbers who only view status and life in dollars and cents...with no common sense. Sadly, I've seen many from my generation who see their status as vital to their relevancy. They talk the talk, but many can't walk the walk. Their money is speculated, gambled, squandered more often than not as their greed and arrogance eventually catches up with them.

No, Repugnicans don't have ALL the money...just appear that way. Hell...even some Rockafellers became Democrats.

[AX10]

115. A grew up around alot of middle class wannabe rich morons.

All of them were Republicans. :puke:

[The Traveler]

56. Yes.

I was surprised.

[donheld]

58. Yes - Tim Gill

Very Rich and Very much a Democrat

[vireo]

60. I've only known two

But I don't get around much and haven't known many wealthy people.

I should qualify this and say that they were liberal Republicans. Yes, such a creature once existed. They were a bank president and his wife and I was employed as their housekeeper/handyman. If they were alive today they would most certainly be Democrats.

She was the more politically active and read The Progessive and Mother Jones. We had interesting discussions about politics and life during WWII era D.C. They were close friends with our Congressman at the time, John B. Anderson and I am sure helped to encourage and sponsor his later presidential run.

As for the present, the nearest to rich people I know are my sister (M.D.) and her husband (corporate attorney). They have supported Repugs in the past but seem less inclined to continue to do so. My other Repug sister has become a Libertarian, but she's not rich.

[Fovea]

61. Yes

I know a couple.

[Warpy]

62. Well, not quite rich, but definitely in the "have" group

with a net worth in the low seven figures.

That person is a solid Democrat with socialist leanings.

[redqueen]

63. Nope.

The only RICH people I know are die-hard republicans. We're talkin 22%ers here.

[mod mom]

65. Yes-many.

[Adsos Letter]

68. Yes...worth several hundreds of millions, actually...

...if not a billionaire at this point. And a heavy contributor to Democratic causes.

[LittleClarkie]

69. No

All the ones I know are middle class

[leftynyc]

70. Yes

Come to New York City - a dime a dozen

[JackRiddler]

76. Now now - you know it's more than a dime

More like 10K for a lousy dinner plate.

[porphyrian]

71. Yep, several in my ex-family. - n/t

[Cha]

72. I don't know any really rich

people..just intelligent, hardworking, people and they're all Dems.

Not to say you can't be intelligent and hardworking and not be a wealthy Dem cause I'm sure they're out there..just not in my orbit.

[Nite Owl]

74. Yes

quite a few. Just one or two could be called really, really rich though--net worth around 25-100mill.

[MoonRiver]

75. Yes.

One couple I knew, who are now both deceased, were blindingly rich. And they were wonderful liberal activists. RIP.

[CRF450]

77. I myself make pretty good money, but I dont consider myself rich.

Some of my friends say I'm rich, just because of some things I own. Lets see... A house, an 01 Trans Am, 01 Dodge Dakota, dirtbike, few model airplanes, big surround sound system in the house for movies, nice clothes etc etc. Rather than say I'm rich, I'm financially secure;-)

[Arugula Latte]

78. Yes indeed. nt

[otohara]

79. Yep, A Billionaire

well two, because they (husband/wife) started this company together.

[Hobarticus]

80. Yes, and earned every penny on his own. eom

[EFerrari]

81. Sure. n/t

[MissB]

82. Yes, I know rich Democrats.

Quite a few of them. Quite a few rich Republicans as well.

We're talking investment income, private jet rich.

[blm]

83. Yes - quite a number of them.

.

[dsc]

84. I don't know your definition of rich

but I know of several quite well off lawyers who are Democrats.

[BlooInBloo]

85. Yah. What a bizarre question.

[OzarkDem]

86. Yes, I know some rich Dems

and they probably haven't done all they should to change things during Bush's administration. They have benefited from his tax cuts, etc. also.

[AZBlue]

87. Quite a few.

I know more rich Dems than rich Reps (then again, I know more Dems than Reps, so that might be skewed).

[Pyrzqxgl]

88. I knew Joan Kroc who had lots of money and did much good stuff with it.

[onenote]

89. yes.

[Dorian Gray]

90. Yes.

I know many. I'm involved in the non-profit world. and there are many registered democrats who are huge donors.

[devilgrrl]

91. Yes. And???????????????????????

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[Danmel]

92. Yes- quite a few

You know the old saw- Jews earn like Episcopalians but vote like Puerto Ricans.

[deutsey]

93. Yes, I do. The "elite" in this country isn't monolithic. There are those who are more liberal-minded

Me? I come from the working poor...I don't always feel very comfortable at a Dem wine and cheese function, but I feel more welcome there than I ever would at some Republican event.

[BadgerLaw2010]

94. Do me and my family count, or do I have to know other people?

That works too, I guess.

[HughMoran]

97. Yes.

They aren't that hard to find. They just don't appear to be rich being that they aren't right-wing ass holes.

[Jed Dilligan]

98. Yes.

[Totally Committed]

99. I know several, but most are middle class or lower.

Not all the Republicans I know (none are "friends", only "acquaintences") are rich, either.

TC

[krabigirl]

100. Yes, several. But I have to say that they are also highly educated.

[Gman]

101. I know many

successful trial lawyers, small business people, some inherited it.

[jeffrey_X]

103. Absolutely

eom

[RB TexLa]

104. Many of them, yes

[Missy Vixen]

105. Yes, many

The area's full of Microsoft millionaires, for example.

Julie

[makhno]

107. Yes

Socialists as well. Look at the history of the progressive movement, it isn't uncommon.

[cobalt1999]

108. Yes.

If having a million dollar yacht and a multi-million dollar home counts.

[goodgd_yall]

109. I personally don't know a rich anybody.

[SheWhoMustBeObeyed]

110. .

Meh.

[slackmaster]

111. Yes, filthy rich

A few of them, actually.

[Hekate]

112. Yes, and I know a few because they are active in Democratic politics and associated concerns here

We're not personal friends, but they know me if we bump into each other. I don't have enought money to attend the higher-end receptions and fundraisers, but when a $35-$50 fundraiser/reception is held for Planned Parenthood or for our local Congresswoman, for instance, and some of these folks open their homes -- it can be in some pretty impressive real estate.

Planned Parenthood has an annual series of very creative fundraisers it calls Choice Affairs, and this year I donated for a ticket to a guided tour of Lotusland (I'm sure you can google for it), reasoning that it came to the amount I donate to PP annually, a bit over $100.

Afterwards our group was treated to a catered lunch on the terrace of an estate whose owner had created such gardens up the side of a hill (we hiked all over them with the master gardener) that I was left in utter awe. They originally bought 5 acres of Montecito for their house, but bought an adjoining 50 acres to protect the view and enhance privacy. Baby, that scale of living is more than moderately comfortable -- it qualifies as rolling in dough. And they shared it for that day, catered lunch and all, as a donation to Planned Parenthood.

All I can say is "Thank you. Very much."

The same is true for purely Democratic politics.

Hekate

[Hekate]

113. Just to add: Wealth and Conscience aren't necessarily mutually exclusive. FDR wasn't the last.nt

[sofa king]

114. Yep, I know a couple.

But that was the problem: they were a couple, two guys, and so a few years ago they sold their paid-for five-story brownstone across from the Tanzanian Embassy and moved to Bali, where they live like princes.

They're never coming back.

[DeepModem Mom]

116. Many, many. nt

[distantearlywarning]

118. Yes.

Assuming that "rich" means the upper 5%, which, according to the guidelines that somebody posted here yesterday, means over $125K family income a year (at least I think that was the figure).

I live in a section of my city which is simultaneously both quite wealthy and extremely liberal. The people who live in this area are not billionaires, but many of them undoubtably make more than 125K a year. Now, they also tend to have a high degree of education (over 75% with a bachelors, over 50% with a Master's), which may also explain the liberalism. These people tend to work for the research industry or one of the several major universities in the area. Some of them are from old family money, back in the day when old rich families were Democrats.

On Edit: Teresa Heinz Kerry is from my city, and she runs with the crowd of people I'm talking about...

[Kurovski]

119. Yes.

And in the past as a fundraiser for the arts, quite a few.