The Real Party of the Rich in Today's America

 by

       M. Richard Maxson

      Fifty years ago, Republicans had a big financial advantage, and few rich people backed liberals. In the 21st century this is not the case. Democrats have become the party of the rich.  Most of today’s rich love Barack Obama—so much so that Washington D.C. area airports ran out of space to handle all of the private jets flying in the well-heeled for both of his inaugurals and high cost parties. Democrats now control the majority of the nation's wealthiest congressional jurisdictions. More than half of the wealthiest households are concentrated in the 18 states where Democrats control both Senate seats. This new political demography holds true in the House of Representatives, where the leadership of each party hails from different worlds. Nancy Pelosi, Democratic leader of the House of Representatives, represents one of America's wealthiest regions. Her San Francisco district has more than 43,700 high-end households. So please, enough of this about Democrats being the party of the little guy.

     In 2012, Barack Obama carried eight of America's 10 wealthiest counties.  He carried the majority of the richer rich, those making $200,000 or more per

year.  These rich Democrats level of wealth is different, and how they earn it is different. They live in rich social enclaves. They live on the two coasts, and have a different value system.  They are not religious.  They are not family oriented and they are determined to "change" America. The most famous example would be in the entertainment industry, where star-studded events have become a significant part of Democratic fund raising culture.  These “elite” group of liberal “millionaires and billionaires” is pumping money into an elaborate network of groups to influence the country's policies, even using “shady” donations from foreign companies to fund their efforts.

      There is argument over the definition of what is rich. Mainstream media supports Democrat propaganda by defining rich as households that earn more than $75,000.  In today's world, seventy-five thousand for a two-income household is not rich. The unbiased Pew Report states that the median wealth for the middle class was $96,500.  A review of the 20 richest Americas found that 60 percent affiliate with the Democratic Party…Among the richest families, the Democratic advantage rises even higher, to 75 percent. 

      This falsehood of fighting against those "rich Republicans"continues to be pushed as a main driving force of the Democrats and the mostly uneducated people in this country consider it as truth. The real truth is that it is the education levels that prove that Republicans are the party of America’s middle and working class, while Democrats are the party of the extremes.  People who vote Democrat haven’t graduated from high school or else tend to have post-graduate degrees. The majority of high school graduates, people with some college, and people with a college degree are Republican.  Education largely determines class in this country. The educated can plainly see the "big lie" but judging by the last few decades election results, many cannot. 

       If the media would ever check Democrat talking points, the evidence that Democrats are the party of the rich is easy to find. There are now more Democratic millionaires in Congress than Republican ones. Of 534 current members of Congress, at least 268 were millionaires, according the Center for Responsive Politics’ review of financial disclosure reports filed last year. The Democratic party is that the party is increasingly ruled by the “new oligarchs.” In his review of The New Class Conflict, by Joel Kotkin, a lifelong Democrat, George Will explains that there is a “growing alliance between the ultra-wealthy and the instruments of state power. The bigger the government, the easier it is for the increased power to be abused by moneyed interests. Growing the government doesn’t change that fact; it only changes the people who become rich. In Hollywood and high tech, there is a sudden jump into wealth. The very richest of these are Democrats.

       Yes, but haven’t many of the leading plutocrats, such as Warren Buffett and Bill Gates, embraced higher income taxes? Yes, they have, but one important fact has escaped notice: higher income tax rates will not touch the bulk of the fortunes of today’s plutocrats, for the simple reason that the great bulk of the accumulated wealth of Gates, Buffett, Silicon Valley and Wall Street consists of appreciated asset values—not ordinary income. Few seem to be aware that most of this wealth has never been taxed, and in the case of Buffett and Gates, who are taking advantage of the charitable foundation laws, will never be taxed. Rich Leftists are not stupid, but maybe we Americans still are.