There's been a lot of talk ("What's the matter with Kansas?") about the blue collar types voting against their economic interests because they prefer the Big Red party on abortion, gun control, civil unions, etc. But what about high earners who vote against their economic interests?
A D.C.-based economist describes his email as a chart showing income growth in Dem and GOSPer administrations since World War II, but finding no chart, the editerribles have lightly scrambled the accompanying text:
Even for the top 5 percent of income earners, income growth is higher under Democratic administrations (by 0.22 percent per year)...
The critical thing to see here is the humongous gaps between economic performance for the other 95 percent. In Democratic administrations, those at the 20th percentile see income growth more than SIX TIMES higher; the rate is THREE TIMES higher for those at the 40th percentile, more than DOUBLE for those at the 60th percentile, and 1 percent higher for those at the 80th percentile.
No comments:
Post a Comment