Bob, this one’s for your brother. Thanks for the topic. It was fun!
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When I was researching this, I saw one survey that depicted the rich as predominantly Republican. Except they defined rich as being any family with a net worth over $150,000, which is totally bogus.
$150,000 may sound like a fortune to a college student, but it isn’t all that much in the real world. Net worth means the value of all of a family’s assets minus their liabilities. A responsible, lives-within-their-means, two-income, middle class couple does not have to have been working all that many years before they’ve built up $150,000 or more in equity in their home, savings and pension funds.
Surveys that looked at political affiliation for those whose net worths are over a million, over 10 million and over 30 million give a much more realistic picture of which economic strata lean toward which political party. And it does not support the Democrat myth of greedy rich Republicans by any means.
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