interesting op-ed by David Brooks. snippet:<blockquote><font size=1>In reply to:</font><hr><p> The real core of his [Obama's] financial support is something else, the rising class of information age analysts. Once, the wealthy were solidly Republican. But the information age rewards education with money. There are many smart high achievers who grew up in liberal suburbs around San Francisco, L.A. and New York, went to left-leaning universities like Harvard and Berkeley and took their values with them when they became investment bankers, doctors and litigators.<br><br>Political analysts now notice a gap between professionals and managers. Professionals, like lawyers and media types, tend to vote and give Democratic. Corporate managers tend to vote and give Republican. The former get their values from competitive universities and the media world; the latter get theirs from churches, management seminars and the country club.<br><br>The trends are pretty clear: rising economic sectors tend to favor Democrats while declining economic sectors are more likely to favor Republicans. The Democratic Party (not just Obama) has huge fund-raising advantages among people who work in electronics, communications, law and the catchall category of finance, insurance and real estate. Republicans have the advantage in agribusiness, oil and gas and transportation. Which set of sectors do you think are going to grow most quickly in this century’s service economy?<p><hr></blockquote><p><a href="http://www.nytimes.com/2008/07/01/opinion/01brooks.html?_r=1&hp&oref=slogin">http://www.nytimes.com/2008/07/01/opinion/01brooks.html</a><br><br>so the people who are making the most money are increasingly supporting a guy who is going to raise their taxes. and the people who are likely to see a reduction in taxes under Obama are instead deciding to protect those richer people from seeing their taxes go up. as silly as this sounds, i think it's obvious that the people who aren't rich are not voting for economic reasons. seeing these individual support Bush was one thing because he appealed to the religious right, but McCain??? i don't get it. <br><br>--<br>[color:red] Kansas Jayhawks -- 2008 National Champions </font color=red>
Well I'm no fan of David Brooks- I see him every week on THe News Hour with Mark Shields... and sometimes on the Sunday talk shows.<br><br>But the wealthy KNOW finances... that's how they got there.<br>And maybe they figure that it's better to be taxed on their high incomes, than for the country (and the economy) to go bankrupt and their income drops 50% ! ... and they get taxed 35% on half their normal income. The net result is the same or worse !! <br><br> I think many also remember the 1990's where business was booming despite the Clinton raising taxes on the top 2-5% ! They made much more so the net result was a ++ , even at a 38% tax rate! IF you're making $10 million and your tax rate is 33%... you pay $3.3 million (course we know they shelter much of that)... Take home is 6.7 million. However with a Healthy growing economy, if your income doubles and you make $20 million on your business... and the rate is 38%... you pay $7.6 million and take home $ 12.4 million. Which would any one choose ? DUH !<br><br>I think they want a return to fiscal responsibility.. and not Bush's and the GOP's chicken sht - "pass it on to someone else". <br><br>David (OFI)
yeah, i can understand why the richer folks are supporting Obama. i don't understand why the middle management level person is supporting McCain. i guess i am trying to understand what folks see in McCain that is appealing. <br><br>--<br>[color:red] Kansas Jayhawks -- 2008 National Champions </font color=red>
<blockquote><font size=1>In reply to:</font><hr><p> i don't understand why the middle management level person is supporting McCain.<p><hr></blockquote><p> The republican base is the middle manager making 90K or less per per year thinking they will be making 450K soon and so cannot stand taxes on those people making 450K or above.<br><br>It's really peculiar but really not that flawed. A whole sector of base based on a fiction. Where the truly wacky meets the road is the dude who is working two jobs to make 55K who votes Republican. That one has a serious screw loose.<br><br><br><br><br><br><br><br><br><br>
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