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Subject: John Kerry

John Forbes Kerry (born December 11, 1943) is the senior United States Senator from Massachusetts, and is chairman of the Senate Foreign Relations Committee. As the Presidential nominee of the Democratic Party, he was defeated by 34 electoral votes in the 2004 presidential election by President George W. Bush. Senator Kerry is a Vietnam veteran, and was a spokesman for Vietnam Veterans Against the War when he returned home from service. Before entering the Senate, he served as an Assistant District Attorney and Lieutenant Governor of Massachusetts under Michael Dukakis, who was nominated for President by the Democrats in 1988. (Wikipedia Jan 2010)

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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