I for one am glad that the "rich" are spreading out their political affiliation among both parties. Perhaps this realignment will continue the Democrats' movement towards capitalism and sensible economic principles.
Democrats like to define themselves as the party of poor and middle-income Americans, but a new study says they now represent the majority of the nation's wealthiest congressional districts.In a state-by-state, district-by-district comparison of wealth concentrations based on Internal Revenue Service income data, Michael Franc, vice president of government relations at the Heritage Foundation, found that the majority of the nation's wealthiest congressional jurisdictions were represented by Democrats.
He also found that more than half of the wealthiest households were concentrated in the 18 states where Democrats hold both Senate seats.
"If you take the wealthiest one-third of the 435 congressional districts, we found that the Democrats represent about 58 percent of those jurisdictions," Mr. Franc said.
It would be great to have two parties who were supporters of free markets and individual responsibility. (Ok, or even one.)
