Posted By: RELLValue Re: HOT #1477

Quote:

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Posted By: RELLValue

Re: HOT #1477

Absolutely true. And I'll go a step further in saying they're not angry that wealthy people are wealthy. They are angry that someone besides themselves are not wealthy and will jump at any opportunity they can to get their hands on their pie. It's called jealousy.

"You shall not covet your neighbor's house; you shall not covet your neighbor's wife, or his male servant, or his female servant, or his ox, or his donkey, or anything that is your neighbor's." - Exodus 20:17

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You are wrong as to facts and your biblical quote is meaningless in any context on this board.

As for 'anger', check out any Trump crowd....or your posts for that matter!

Lastly, grow a pair and un-block me. I'll be more than happy to 'educate' you in private.

Notwithstanding the alleged voting 'against their interests, the people referred to in the article must understand on some level that the health of their 401Ks and the improved prospects for remaining employed have all improved over the past 7 years.

How Did Rich People Vote, and Why?


By R.M. Schneiderman
November 11, 2008 5:27 pm November 11, 2008 5:27 pm

In the aftermath of the 2008 presidential election, exit polls showed that 52 percent of voters who make $250,000 a year or more voted for Barack Obama.

In a recent article for Slate and Newsweek, Daniel Gross pointed out that in doing so, those affluent voters went against their economic self-interest, since Mr. Obama is likely to raise their taxes.

This is unusual. As Paul Krugman argued in a blog post last year — contrary to popular belief — the wealthy do not always vote against their economic interests. In fact, far from it.

Yet there is a strange paradox. In response to Mr. Krugman’s post, a reader pointed out that when you look at the data on the state level, wealthy states do tend to vote for the Democratic Party, which has the reputation of raising taxes on the wealthy.

“The paradox is that, while these rich states have become more strongly Democratic over time, rich voters have remained consistently more Republican than voters on the lower end of the income scale,” wrote Andrew Gelman and his colleagues in the book “Red State, Blue State, Rich State, Poor State: Why Americans Vote the Way They Do.”

Nevertheless, this year, Mr. Obama managed to win both the rich states and the wealthy voters.

The reason, Mr. Gross said is that “angry yuppies who’ve hugely benefited from President Bush’s tax cuts…have become so outraged and alienated by the incompetence, crass social conservatism, and repeated insults to the nation’s intelligence of the Bush-era Republican Party that they’re voting with their hearts and heads instead of their wallets.”

There is probably some truth to that notion.

Here are two other possibilities: 1.) A higher percentage of wealthy, liberal voters came to the polls this year and a higher percentage of their conservative counterparts stayed home;

2.) In an election in which most voters said the economy was the most important issue, some wealthy individuals who tend to vote with their wallets, saw an Obama presidency as better for their long-term financial interests — and America’s — and were willing to overlook the immediate tax increase that is coming their way.