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There is nothing wrong with being rich. But Dems like to portray themselves as the party of the people, not the rich. Maybe that's why the news media ignores the fact that Dems frequently vote for wealthy people.
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Maybe it's time to rebrand the Democrats as the party of the rich.
This month saw the election of Jay Robert "J.B." Pritzker as governor of Illinois. Pritzker, an heir to the Hyatt hotel fortune, is worth an estimated $3.2 billion, and spent $171.5 million to get himself elected, according to Money magazine.
Another winner was Edward M. "Ned" Lamont Jr., in the Connecticut governor's race. Lamont, an heir to the J.P. Morgan banking fortune of his great-grandfather Thomas Lamont, estimated his assets in 2006 at between $90 million and $300 million, and showed reporters tax returns last month with income totaling $18 million over 5 years.
The winner of the election for governor of Colorado, Jared Polis, filed financial disclosure forms as a member of the House of Representatives indicating estimated wealth of more than $300 million.
Pritzker, Lamont, and Polis are all Democrats.
The Democratic Party's list of possible presidential contenders for 2020 includes Michael Bloomberg, whose fortune is estimated by Forbes at about $47 billion. A declared presidential candidate is a Democratic congressman from Maryland, John Delaney, who is worth an estimated $90 million. John Forbes Kerry might have another go at it, having recently acquired an $11.75 million, 18.75-acre property on Martha's Vineyard to go with his $10 million house on Boston's Louisburg Square.
There are many rich GOP leaders. You can find many of them in the current administration if they weren't fired or resigned already.
Yes, there are wealthy Republicans, but the Republican party gets raked over the coals for favoring the rich. The Democrats get a pass even though both parties do it.
Astounding news furnished by the OP. There are three wealthy democrats out of more than 100 million.
And yet the consensus is that Democrats captured the House by flipping wealthy districts.
The pattern is clear: rich people have learned that fighting the less well-off directly in politics via the Republican party is too hard, so instead they co-opted the Democratic party and throw liberals a bone on culture issues every now and then. Cultural change is far less expensive for the rich than redistribution, and being cultural liberals gives the rich social cachet that would be gone if they were Republicans.
Wealthy Democrats are less likely than wealthy Reoublicans to be self serving and vote themselves tax cuts.
"In effect, the tax bill [passed by Congressional Republicans and signed by President Trump in December 2017] achieves four main things:
-It takes money away from schools and students.
-It restricts our ability to invest in infrastructure.
-It does nothing to boost real wages while making health insurance more expensive.
-It makes it harder to control the costs of Medicare and Social Security without cutting defense and other spending--or further exploding the deficit.
To what end? To hand corporations big tax cuts they don't need, while lowering the tax rate paid by those of us in the top bracket, and allowing the wealthy to shelter more of their estates.
The tax bill is an economically indefensible blunder that will harm our future. The Republicans in Congress who must surely know it--and who have bucked party leaders before--should vote no."
Source: OpEd by Michael Bloomberg in Bloomberg News , Dec 15, 2017
Wealthy Democrats are less likely than wealthy Reoublicans to be self serving and vote themselves tax cuts.
"In effect, the tax bill [passed by Congressional Republicans and signed by President Trump in December 2017] achieves four main things:
-It takes money away from schools and students.
-It restricts our ability to invest in infrastructure.
-It does nothing to boost real wages while making health insurance more expensive.
-It makes it harder to control the costs of Medicare and Social Security without cutting defense and other spending--or further exploding the deficit.
To what end? To hand corporations big tax cuts they don't need, while lowering the tax rate paid by those of us in the top bracket, and allowing the wealthy to shelter more of their estates.
The tax bill is an economically indefensible blunder that will harm our future. The Republicans in Congress who must surely know it--and who have bucked party leaders before--should vote no."
Source: OpEd by Michael Bloomberg in Bloomberg News , Dec 15, 2017
If rich liberals care about the poor more, why do blue cities have the highest rates of poverty and inequality?
If rich liberals care about the poor more, why do blue cities have the highest rates of poverty and inequality?
Because they are NOT static. Many people in poverty moves up the economic ladder in liberal cities, and then their spots are filled by new poor comers, and the cycle repeats. These are not the same people stuck in poverty like the red states. From the outside, it looks like a high poverty rate but look closer and you'll see people move in and out of poverty, it's dynamic.
People then usually ask, "Why so many poor people move to liberal cities?" The answer is: Why wouldn't they??!! If you want to make money, wouldn't you move to a rich prosperous city with plenty of jobs instead of a poor dead area with high unemployment??
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