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This an outrage! We should increase taxes on the middle and upper middle class to compensate. That'll show em.
by seattle_spring 5y ago
This an outrage! We should increase taxes on the middle and upper middle class to compensate. That'll show em.
- jgalt212 5y agoAnd that's why the billionaires are democrats and the millionaires are republicans.
- dmoy 5y agoonly about 1/3 of US billionaires are democrats (That said, I could definitely believe that NYC billionaires would have a very different distribution)
- coliveira 5y ago> NYC billionaires would have a very different distribution Of course, because democrats have higher presence in NY. It would be reversed otherwise. Remember that even D.T. was a democrat a few years ago.
- fighterpilot 5y agoWhat's the source for that number?
- dmoy 5y agoAny number of surveys going back the last ~10 years. Forbes, PolitiFact, Open Secrets, etc. Here's a more recent forbes one: https://www.forbes.com/sites/chasewithorn/2020/10/20/even-americas-billionaires-are-tilting-toward-biden-in-the-2020-presidential-race/?sh=7f951e382bb7 https://www.forbes.com/sites/chasewithorn/2020/10/20/even-am...
- cheriot 5y agoExcept Charles Koch, David Koch, Sheldon Anderson, Peter Thiel... and all the rest? Both parties had prominent billionaires in the last presidential election so I think it's safe to say this is pervasive.
- adolph 5y agoBorn Sheldon Gary Adelson August 4, 1933 Boston, Massachusetts, U.S. Died January 11, 2021 (aged 87) Malibu, California, U.S. https://en.wikipedia.org/wiki/Sheldon_Adelson https://en.wikipedia.org/wiki/Sheldon_Adelson
- bobthepanda 5y agoWell, he was still alive during the 2020 election, so the parent comment still stands.
- seriousquestion 5y agoBoth have their billionaires, but dems do have the majority of rich households in broad terms. "Democrats now represent 65% of taxpayers with a household income of $500,000 or more, according to pre-pandemic Internal Revenue Service statistics." https://www.bloomberg.com/news/articles/2021-04-19/democrats-tax-hike-bet-relies-on-their-new-500-000-plus-voters https://www.bloomberg.com/news/articles/2021-04-19/democrats...
- colinmhayes 5y agoEducated people vote for democrats. They also have money. Not super surprising.
- hartator 5y ago> Educated people vote for democrats. That's little divisive for no real reason. Smart people disagrees on politics but don't insult each other. I am sure we can find plenty of stats that reflect badly on Democrats eloctorat.
- chasing 5y agohttps://fivethirtyeight.com/features/education-not-income-predicted-who-would-vote-for-trump/ https://fivethirtyeight.com/features/education-not-income-pr...
- HunterWare 5y agohttps://www.pewresearch.org/politics/2015/04/07/a-deep-dive-into-party-affiliation/ https://www.pewresearch.org/politics/2015/04/07/a-deep-dive-... Democrats lead by 22 points (57%-35%) in leaned party identification among adults with post-graduate degrees. The Democrats’ edge is narrower among those with college degrees or some post-graduate experience (49%-42%), and those with less education (47%-39%). Across all educational categories, women are more likely than men to affiliate with the Democratic Party or lean Democratic. The Democrats’ advantage is 35 points (64%-29%) among women with post-graduate degrees, but only eight points (50%-42%) among post-grad men.
- chollida1 5y agoWell the numbers would disagree with your assertion. https://www.forbes.com/sites/katiasavchuk/2014/07/09/are-americas-richest-families-republicans-or-democrats/?sh=22741a023e83 https://www.forbes.com/sites/katiasavchuk/2014/07/09/are-ame...
- swagasaurus-rex 5y agoAnecdotally accumulation of wealth could be correlated with a shift towards fiscally conservative/small government libertarian ideals.
- remolacha 5y agoNo inclusion of Bezos, Gates, or Zuckerberg in this list. It’s not clear that there was even a rules-based method for selecting their “50 richest families”… The data seem cherry-picked.
- jedberg 5y agoBillionaires tend to be much more pragmatic about their politics than dogmatic. They support politicians on both sides of the aisle, because they know the value of having a politician owe you a favor. They don't really care if that person is R or D because at the end of the day as long as that representative votes for the policies they like, they don't really care about the rest.
- scrubs 5y agoAgree - the idea that R v. D alone has serious explanatory power is silly. It's naive to think that money does not have the greater effect on politics than the converse. This is a power issue not an issue that arises out of political planks of ideology.
- gremlinsinc 5y agoTo Billionaires, politicians aren't people who "might" do something you like to better your life...they're a concierge service, and the more you have on your staff, the more you get done.
- turbinerneiter 5y agoI guess a millionaire has to pick one party to buy, while the billionaires can just pay off both.
- rmk 5y agoBillionaires are not paying their fair share! Everyone who makes over $400k will now pay 45% total tax to fix this (never mind that you could have written the law to specifically target people with assets > $1B. Who has time for that?)
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- adolph 5y agoprecept that a law should address a particular form of behaviour rather than a specific individual or group https://en.wikipedia.org/wiki/Bill_of_attainder https://en.wikipedia.org/wiki/Bill_of_attainder
- rmk 5y agoThe pols who shout from the rooftops that 'billionaires should not exist' and stuff like that are being disingenuous at best, liars at worst. All that is rhetoric, pure and simple. It's trivial for billionaires to defer income, as it is drawn from capital investments, which can easily take flight to more favorable climes. Not to mention the considerable legal muscle and access to the corridors of power. The only people who suffer from the mass hysteria are the working stiffs who happen upon a couple windfalls in their lives, i.e., your typical tech workers.
- snypher 5y agoHow can someone saying 'billionaires should not exist' be lying? It's an opinion at best.