What is it about really rich people that seems in many cases to pre-dispose them to support of Democrats in general and Senator Obama in particular? Isn't it common knowledge that Democrats seek to redistribute wealth and most of the fiscal policies that Senator Obama espouses levy a heavy burden on the rich? Why do so many of the truly wealthy seem to vote so overwhelmingly against their own interests?
The answer is surprisingly simple. Because the truly rich are indeed so rich, there are no such things as "pocketbook" issues to them. They simply have so much money that there are very few foreseeable options that the federal government could undertake to divest them of their wealth that would actually make a meaningful difference in the way they live their lives. They care not if the capital gains rate is 15%, 25%, or 35%. Because social security represents a rounding error in their monthly cash flow, that which is deducted for it is even less significant, whether it is the first $97K of income or that above $250K. Their wealth insulates them from the issues that the rest of us find important. What does this insulation bring them? Why, the freedom to be socially conscious, of course, a luxury many of us are unable to afford.