Party of the Rich?

An often-repeated canard is that the Republicans are the “Party of the Rich”.

Really?

How do the rich vote? Republican or Democrat?

You may be surprised to discover that 22 of the 30 wealthiest counties in America have a majority Democrat registration; and voted for Barak Obama in the last Presidential election!

Here is the data:

Based on results from last years election and statistics from the IRS, the wealthiest counties in the United States vote Democrat. I guess that kills the “welfare” argument.
New York, New York $120,790 DEMOCRAT Loving, Texas $99,593 Pitkin, Colorado $93,465 DEMOCRAT Marin, California $91,483 DEMOCRAT Fairfield, Connecticut $81,576 DEMOCRAT Westchester, New York $74,878 DEMOCRAT San Mateo, California $71,753 DEMOCRAT Morris, New Jersey $71,713 DEMOCRAT San Francisco, California $71,342 DEMOCRAT Somerset, New Jersey $70,949 DEMOCRAT Alexandria City, Virginia $70,632 DEMOCRAT Arlington, Virginia $68,270 DEMOCRAT Fairfax, Virginia $67,909 DEMOCRAT Montgomery, Maryland $67,525 DEMOCRAT Bergen, New Jersey $67,125 DEMOCRAT Hunterdon, New Jersey $66,449 DEMOCRAT Sully, North Dakota $64,352 Blaine, Idaho $64,207 Collier, Florida $63,276 Nassau, New York $62,981 DEMOCRAT District of Columbia $62,484 DEMOCRAT Norfolk, Massachusetts $62,129 DEMOCRAT Montgomery, Pennsylvania $62,086 DEMOCRAT Martin, Florida $61,868 Sublette, Wyoming $61,411 Monroe, Florida $61,216 DEMOCRAT Santa Clara, California $60,107 DEMOCRAT Ozaukee, Wisconsin $60,059 Indian River, Florida $59,419
Read more: Here

So why do the richest Americans vote Democrat? Could it be that Democrats have become the party of the status quo, opposing all reforms of the tax system that benefits the wealthiest?

Our tax system punishes wage earners at the expense of the truly rich; who don’t rely on “income”. The really rich have made their money (or inherited it). Their money is invested and in trusts. It is taxed at a MUCH lower rate than standard income.

In the last two decades, various Republican lawmakers have tried to push through tax reform (most recently Paul Ryan). Flat tax and “Fair Tax” (a consumption tax) are just two of the kind of tax reforms the Democrats have opposed. A consumption tax is one that would hit the wealthy the hardest: they consume not only as much necessities as everyone else; they send A LOT more on luxuries. A consumption tax would pinch the rich the most; particularly as all Republican proposals would give the poor a “living rebate” of some $15,000/year to defray the tax on basic necessities.

So, if they were the Party of the Rich, why would Republicans propose such a reform?

Because, dear reader, they aren’t.  Not anymore.

The new party of the status-quo is the limousine liberal party: the Democrats!

Still not a believer?

How about the 5 richest Lawmakers on Capital Hill:

The Center for Responsive Politics says California Republican Rep. Darrell Issa is the richest lawmaker on Capitol Hill, with a net worth estimated at about $251 million. But he is the ONLY Republican on that list!

In order, the following 4 are ALL Democrats:

Rep. Jane Harman (D-Calif.), worth about $244.7 million

Sen. Herb Kohl (D-Wis.), worth about $214.5 million

Sen. Mark Warner (D-Va.), worth about $209.7 million

Sen. John Kerry (D-Mass.), worth about $208.8 million

 

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