Fri Nov 8, 2019, 01:15 PM

THE NEW PARTY OF THE RICH (and the serfs)

In November 2018 the Democratic party reclaimed control of the House of Representatives, thanks to strong gains among the rich. The party won 43 seats from Republicans, 18 of which were among the richest 15 percent of congressional districts nationwide. In twelve different states, the richest House district flipped from Republican to Democrat. In five states, the top two richest flipped. The richest 15 percent of House districts are now represented by 56 Democrats and just 10 Republicans. In 2018, voters in America’s wealthiest counties, cities, and neighborhoods made a decisive turn toward the Democrats, and now America’s traditional party of the left—whether it admits it or not—is the party of the rich.

The November 2019 elections have only accelerated this trend. Democrats claimed majorities in both houses of the Virginia state legislature for the first time since the first Clinton administration. Kentuckians elected a Democratic governor despite supporting Donald Trump by 30 percentage points three years ago. Local elections in the Philadelphia suburbs turned out a big blue wave. And in each case, Democratic victories were built on the support of the richest electoral districts.
All this is part of a great political transformation. Throughout the West, parties on the right are renouncing their former devotion to neoliberal economic policies. As they do so they draw what some would call “populist” voters into their ranks from the working and middle classes. The short-term problem with this electoral strategy is that populist appeals alienate professional- and managerial-class voters that were once such parties’ electoral pillars. In the United Kingdom the upper middle class increasingly bolsters the resurgent Liberal Democrats. In Germany they fuel the rise of the Greens. In the United States they caused the Democratic party’s triumphs of 2018 and 2019.

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Reply THE NEW PARTY OF THE RICH (and the serfs) (Original post)
rh24 Nov 2019 OP
Zuckerberg Hater Nov 2019 #1
rh24 Nov 2019 #2

Response to rh24 (Original post)

Fri Nov 8, 2019, 03:59 PM

1. The new strategy of the rich is to shower non-redistributionist Democrats with donations

Despite Obama's "socialist" reputation, he didn't harm the rich. He changed the top bracket from 35% to 39.6%, which barely affects people making that much. He was more harmful to the middle class, who had to pay Obamacare penalties.

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Response to Zuckerberg Hater (Reply #1)

Fri Nov 8, 2019, 04:35 PM

2. Correct. The Obama years saw some of the least upward mobility for the working and middle classes

All of the economic benefits went to the 1% who then advocated for an expansionist welfare state for the serfs.

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