Dramatic shift, Democrats now the party of the rich
When I first started posting that the rich supported Democrats and supported Obama in 2008, I got a lot of hostile and disbelieving comments.
But let’s move ahead eight years. Does anyone now doubt that Hillary Clinton is going to win the rich vote? She will certainly win the top 1% rich by a really huge margin, and probably the top 5% rich by a smaller margin.
The shift of the rich from the Republicans to the Democrats has been going on for decades. It accelerated in the 2012 election, and because of Trump will massively accelerate in this upcoming election.
But we still have the weirdness of Trump’s tax plan (the one on his website) supporting tax cuts for the rich, while Hillary presumably inherits Obama’s desire to raise taxes on those making more than $200,000/year.