Even the ultra-rich are abandoning the Republicans
14th October 2007
Read it. Talk about late to the party — that happened a long time ago, fella.
Actually, one must distinguish between people who make their money as entrepreneurs, who tend to be Republican, and people who make their money through financial manipulation or inheritance or pretending to be other people in public, who tend to be Democrat. Sadly, a lot of CEOs are in the latter category rather than the former.
I suspect that the latter crowd subconsciously feel that they haven’t really earned, and hence don’t really deserve, their wealth; that guilt makes them “liberal” and hence Democrats. Of course, that’s just a theory; I’m too lazy to do the research necessary to test it. But it fits the available evidence.