Democrats' 'Working Man's Party' Image Shattered as IRS Data Reveals the Undeniable Truth
There’s an old saw that blue-collar working-class voters are the bedrock of the Democratic Party.
The Democratic Party is now undeniably the party of the wealthy.
According to Bloomberg, IRS data from 2020 shows that Democrats represent 65 percent of taxpayers with a household income of $500,000.
Meanwhile, the same data establishes that 74 percent of taxpayers in Republican districts have household incomes of less than $100,000.
A somewhat less scientific analysis from 2020 reinforced that the GOP is the party of working Americans. According to The Cook Political Report, 85 percent of counties with a Whole Foods store voted for Joe Biden over Donald Trump, while only 32 percent of counties with a Cracker Barrel Old Country store did so — a “culture gap” of 53 points.
And, according to a Vox report from 2016, top-end wealth in America over the past several decades “has increasingly concentrated in a handful of metropolises. … Most of these very prosperous cities (especially New York, San Francisco, Boston, and Los Angeles) have become very solidly Democratic.”
“The places with the largest concentrations of wealth,” Vox said, “are now disproportionately represented by Democrats. In 2014, 17 of the 25 wealthiest congressional districts … were represented by Democrats. And overall, the median household income in Democratic-represented congressional districts was about $2,000 more than the median household income in Republican-represented districts.”
Even the 2016 version of Joe Biden recognized the tectonic shift in party demography. During an interview with Joe Scarborough on MSNBC that year, Biden described his party as a bunch of “limousine liberals” who failed to connect with “working-class voters.”
Tim Draper
@TimDraper
43.4% capital gains tax might kill the golden goose that is America/Silicon Valley. People need an incentive to build long term #startups of value. In California, that would be a 56.4% tax burden. >50% Spells death to job creation.
1:53 PM · Apr 22, 2021
Whether Democrats’ opprobrium toward wealth owes to socialist influences or to guilt based on misguided notions that any success is the result of “our history of slavery, genocide, dispossession, and discrimination,” as one liberal academic has claimed, the undeniable fact remains that the Democrat Party is now the silver spoon set.
Bookmarks