Proof: Rich People Vote Democratic
6th May 2015
Lion of the Blogosphere has the skinny.
I have been saying for a while that the moderately well off are Republican but the rich are Democratic. People didn’t believe me, but a new CNBC poll of Americans with a net worth of at least $1 million (which represents approximately the top 5% of the population) shows that 53% would vote for Hillary and 47% would vote for Jeb Bush, if they ran against each other.
Among millionaires 48 and younger, there is MASSIVE support for Hillary over Jeb with 70% supporting Hillary, while Jeb leads among millionaires 70 and older. You should note that millionaires tend to be older than the general population because it takes time to accumulate a million dollars, unless you are lucky enough to inherit it. The old guard still votes Republican, but the people who will be the rich of the future are very strongly Democratic.
We see that despite the Republicans presenting themselves as championing low taxes, Americans who are in the highest tax brackets prefer to vote Democratic. This makes you wonder why Republicans continue to go out on a limb to help people who vote for the other party and apparently who want to have their taxes raised.