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Subject: Al Gore

US tax policy

Why are the Super-Rich often liberals?

By John Schroy, on March 7th, 2010 |

8 comments

Colonial dining in British India, 1895. See here, boy! Give another pull on that punkah

If we are to believe the old adage that, ‘people vote their pocketbooks’, why are so many of the Super-Rich ardent supporters of the Democratic Party?

Why do the liberal Super-Rich seem to act in a way that is so contrary to their selfish interests and economic well-being?

Here I show how capital flow analysis of the Federal Reserve flow of funds accounts provides an answer to this apparent conundrum.

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