I have no intention to discuss my political view of Bush and Kerry, but the Prince & Associates survey discussed in this Slate article is good topic for PFBlog.
The survey, which is based on interview with 400 people worth more than a million dollars, generated the following results:
The rich folk favored Bush by a 58-42 margin. Not too surprising. But when you break out the numbers, they tell a different story. The petit bourgeoisie millionaires were passionately for Bush: Those worth between $1 million and $10 million favored Bush by a 63-37 margin. But the haute millionaires, those worth more than $10 million, favored Kerry 59-41.
I can fully accept the explanation offered: "those with a net worth of merely seven figures don't feel financially secure," and thus they are in favor of Bush who will not raise their taxes. On the other side of the table, tax cuts or tax hikes, it does not really affect the daily life of the billionaires, who will therefore pay more attention to non-economic policies.
Back to me, you can surely imagine I am always trying to understand the difference in tax policies between Bush and Kerry. Although Kerry promised not to raise tax for people earning less than $200,000 a year, many are talking that people earning less than that figure but more than $87,900 will still be unfavorably affected by Kerry's social security plan. If it matters to millionaires, it certainly matters to people with less money too.