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Why Do Nearly All the Super Rich Support the Democrats?
Diogenes Middle Finger ^ | 4/28/2014 | Nick Sorrentino

Posted on 04/28/2014 8:23:32 PM PDT by Diogenes Sarcastica

by Nick Sorrentino

"Much has been made recently of the rich gaming the system for their own benefit. Of a new “guilded age.” Socialist economist Thomas Piketty’s new book has been getting rave reviews from all over the establishment because it makes the case that very powerful people with nearly bottomless bank accounts have gamed the system and that government induced redistribution is in order.

And indeed the rich have gamed the system for their benefit, but as Matthew Continetti points out, the game the super rich want to play for the most part is not one of free markets and open competition, but one of crony capitalism.




The super rich overwhelmingly support statism. For every David Koch writing checks there are 10 crony capitalists with pens in their hands writing checks to politicians who will pass laws which benefit the crony capitalists. Why is it that Warren Buffett, Carlos Slim, and George Soros, all broadly support statism? Why is it that they want more regulation? Could it be that more government pads their bottom line?

For instance Warren Buffett owns, through Berkshire Hathaway, GEICO, aka Government Employees Insurance Company. Almost every federal employee has GEICO. What do you think the chances are that the feds would ever in some crazy circumstance let GEICO die?

About 0 chance. Nice property to have. Mostly upside with an implicit government guarantee in the event something completely unforeseen happens. This is how the big crony game is played.
The statists control the media, the universities, the levers of bureaucratic government, the Senate, the presidency, the banks (in very large part), the Federal Reserve, many of the think tanks, much if not most of the billionaire money, the unions, the schools through teacher unions.

Yet Harry Reid goes on the floor and calls a private citizen “un-American” because that citizen funds the effort to get government out of people’s lives? What kind of insanity is that?"


TOPICS: Government; Politics
KEYWORDS: baitandswitch; billionaires; donors; fundingtheleft; millionaires

1 posted on 04/28/2014 8:23:32 PM PDT by Diogenes Sarcastica
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To: Diogenes Sarcastica

Guilt.


2 posted on 04/28/2014 8:27:17 PM PDT by crusty old prospector
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To: Diogenes Sarcastica

That’s easy - big money & big business is in bed with big government which subsides them. They didn’t read the end of the Bible where it shows the Beast government turning around and devouring the Whore (big business). Big money & big business is sleeping with the enemy. Soon they’ll be sleeping with the fishes.


3 posted on 04/28/2014 8:27:48 PM PDT by PapaNew
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To: Diogenes Sarcastica

Because the Democrats have created policies that make it very difficult for little people to move into very rich neighbourhoods.


4 posted on 04/28/2014 8:29:02 PM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: Diogenes Sarcastica

Uh, they are afraid of an annual wealth tax?


5 posted on 04/28/2014 8:30:30 PM PDT by Paladin2
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To: Diogenes Sarcastica

So all the little people will be enslaved.


6 posted on 04/28/2014 8:31:54 PM PDT by Politicalkiddo (The more helpless the victim, the more hideous the assault.)
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To: Diogenes Sarcastica

Because that’s the way things really are.

The stereotype that the rich and greedy can only be conservative Republicans is simply a lie started long ago by neoliberals.


7 posted on 04/28/2014 8:34:36 PM PDT by reasonisfaith ("...because they received not the love of the truth, that they might be saved." (2 Thessalonians))
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To: Diogenes Sarcastica

The DemocRat plantation.


8 posted on 04/28/2014 8:35:34 PM PDT by VRWC For Truth (Roberts has perverted the Constitution)
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To: Diogenes Sarcastica

They are hypocrites and it’s easier to accumulate huge piles of ill gotten gains, and get away with it, when you pretend to be a caring leftist.


9 posted on 04/28/2014 8:40:49 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Moonman62

Beyond some threshold of wealth, you run out of shiny things that you can buy. After that, the only novelty left is messing with other people’s lives. The possibilities there are endless.


10 posted on 04/28/2014 8:44:22 PM PDT by rightwingcrazy
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To: Diogenes Sarcastica

They all support abortion.


11 posted on 04/28/2014 8:47:22 PM PDT by fatima (Free Hugs Today :))
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To: Diogenes Sarcastica

If you see working people as cattle, it sort of makes sense.


12 posted on 04/28/2014 8:49:34 PM PDT by BinaryBoy ("Immigration Reform" is Ballot Stuffing)
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To: rightwingcrazy

Like Michael Bloomberg. More money than he could spend in ten lifetimes yet he is fanatical about telling the little people how to live their lives.


13 posted on 04/28/2014 8:51:03 PM PDT by Lurkina.n.Learnin
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To: Diogenes Sarcastica

They want independent business regulated out of business!


14 posted on 04/28/2014 9:06:26 PM PDT by the_daug
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To: Diogenes Sarcastica
Why is it that Warren Buffett, Carlos Slim, and George Soros, all broadly support statism? Why is it that they want more regulation? Could it be that more government pads their bottom line?

It is because they are trying to pull the ladder up after them.

They fear that just as they were the new money that rose over the old money that someone else will rise over them.

It is why they promote so much regulation. A big established business has no problem with regulation. They hire four or five people to dedicate themselves to the paperwork and their part is over. A small business that has to deal with the same amount of regulation will not be able to hire the people to deal with it.

They either close down or shrink until they are below the threshold.

Either way their threat is neutralized.

15 posted on 04/28/2014 9:06:54 PM PDT by Harmless Teddy Bear (Proud Infidel, Gun Nut, Religious Fanatic and Freedom Fiend)
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To: Diogenes Sarcastica

Because they are racist! And they love the part of racism, slavery, segregation, Jim Crow, etc.


16 posted on 04/28/2014 9:07:27 PM PDT by Fledermaus (Conseravtives are all that's left to defend the Constitution. Dems hate it, and Repubs don't care.)
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To: Diogenes Sarcastica

It is still the plantation with slaves in their minds.

Obama restored slavery.

the plantation owners did with contracts what they lost with property “rights”.


17 posted on 04/28/2014 9:10:28 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: Diogenes Sarcastica

Because they need a never ending supply of suckers to exploit.


18 posted on 04/28/2014 9:16:50 PM PDT by Fai Mao (Genius at Large)
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To: Diogenes Sarcastica
Two reasons. Crony capitalism is one, and eliminating the small competition is the other.
19 posted on 04/28/2014 9:17:15 PM PDT by gusty
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To: Diogenes Sarcastica

My guess is that the ‘rats and their big government agenda stifle economic growth and expansion - the super rich already have it made and have enough resources that they can be flexible in how they make their money, while big government regulation and taxation dampen the growth of potential competitors......


20 posted on 04/28/2014 9:17:54 PM PDT by Intolerant in NJ
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To: Diogenes Sarcastica

I’ve upped my income, now up yours!


21 posted on 04/28/2014 9:21:49 PM PDT by null and void ( They don't think think they are above the law. They think they are the law.)
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To: Diogenes Sarcastica

The super rich tend to be very generous...

With other people’s money.


22 posted on 04/28/2014 9:22:28 PM PDT by P-Marlowe (There can be no Victory without a fight and no battle without wounds)
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To: rightwingcrazy

Narcissists do love to use money to control people.


23 posted on 04/28/2014 9:26:05 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Diogenes Sarcastica

Why Do Nearly All the Super Rich Support the Democrats?

Answer: because collectivists get to continue high school, forever.


24 posted on 04/28/2014 9:40:37 PM PDT by lurk
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To: Diogenes Sarcastica

later


25 posted on 04/28/2014 9:45:14 PM PDT by digger48
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To: Diogenes Sarcastica
3-28-11 HuffPost

All the President's (Coal) Men: Bill Gates, Warren Buffett and Obama’s Wyoming Giveaway

What really happened in Wyoming last week?

Perhaps we should ask billionaire coal hauler Warren Buffett, the “Oracle of Omaha.”

Energy and climate analysts and Big Green organizations are still staggering around for an answer to the Obama administration's blockbuster news in Wyoming's coalfields last week to greenlight the mining of an estimated 750 million-2.4 billion tons of coal on public lands. According to environmental analysts, “when burned, the coal threatens to release more than 3.9 billion tons of heat-trapping carbon dioxide, equal to the annual emissions from 300 coal-fired power plants.”

http://www.huffingtonpost.com/jeff-biggers/all-the-presidents-coal-m_b_841400.html

26 posted on 04/28/2014 10:00:52 PM PDT by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: Diogenes Sarcastica

You’ve heard of white guilt? The commie wannabes suffer from WEALTH GUILT. It’s very prevalent in Hollywood. They all want to be rich celebrities but they also want to give the impression to their friends that they feel really bad about it. They’re all phonies.


27 posted on 04/28/2014 10:13:57 PM PDT by FlingWingFlyer (Obama's smidgens are coming home to roost.)
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To: Diogenes Sarcastica

Simple. The plutocratic elite love big government because for all their talk of regulations, the revolving lobbyist door means that a massive bureaucracy actually encourages monopolies and the opportunity for these guys to make more money.

Unfortunately the GOP have spent so much time pandering to the same plutocrats (the ones who have lost the Democrats’ favor or were never invited to the party) that they have become a corporatist party as well, licking the boots of the Chamber of Commerce. This makes it impossible for them to relate to even medium sized industries, let alone the local mechanic or street vendor.


28 posted on 04/28/2014 10:21:33 PM PDT by Viennacon
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To: Diogenes Sarcastica

Because the federal spending spigot must never, ever be turned off or even throttled back for any reason. Their businesses depend on it.


29 posted on 04/28/2014 10:50:14 PM PDT by Menehune56 ("Let them hate so long as they fear" (Oderint Dum Metuant), Lucius Accius (170 BC - 86 BC))
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To: Diogenes Sarcastica

Because nearly all the super rich got that way through the use of government.


30 posted on 04/28/2014 10:54:29 PM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: Diogenes Sarcastica

because their shakedown..., uhh i mean “businesses” are all founded and protected by gov’t regulations and subsidies.

the biggest new one they are trolling for being illegal alien depression of existing wages.


31 posted on 04/28/2014 11:13:48 PM PDT by dadfly
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To: Diogenes Sarcastica

For instance Warren Buffett owns, through Berkshire Hathaway, GEICO, aka Government Employees Insurance Company. Almost every federal employee has GEICO. What do you think the chances are that the feds would ever in some crazy circumstance let GEICO die?

About 0 chance. Nice property to have. Mostly upside with an implicit government guarantee in the event something completely unforeseen happens. This is how the big crony game is played. The statists control the media, the universities, the levers of bureaucratic government, the Senate, the presidency, the banks (in very large part), the Federal Reserve, many of the think tanks, much if not most of the billionaire money, the unions, the schools through teacher unions.

Yet Harry Reid goes on the floor and calls a private citizen “un-American” because that citizen funds the effort to get government out of people’s lives? What kind of insanity is that?”


This is genius and should be a segment on any popular news show. But won’t be. Everyone needs to face this. Every poor democrat is a stooge, a tool. They are all being fooled.


32 posted on 04/28/2014 11:18:42 PM PDT by Yaelle
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To: Diogenes Sarcastica

I personally know a number of centimillionaires and up

Who are not leftists

I will be very candid.

Several libtard leaning demographics are prominent in the loud rich or nouveau and make a lot of noise

But those rich outside of notorious progressive hotbeds tend to be conservative

The notion the rich are libs is anecdotal....like liberal Jews control Hollywood or hillbillies are homosexual rapists....both generalizations based on conventional wisdom....and a bit of prejudice...though one a bit more merit than the other

What is apparent of the rich is that tech rich definitely lean hard left and often anti Christian

And right leaning rich lean GOPe....

Just another set of facts demonstrating how much our side is behind


33 posted on 04/28/2014 11:39:36 PM PDT by wardaddy
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To: Diogenes Sarcastica

They know who to pay off so they are left alone. Conservatives aren’t going to go after success. Democrats do.


34 posted on 04/28/2014 11:40:01 PM PDT by Organic Panic
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To: Diogenes Sarcastica

Nope, not guilt.

Nope, they are not afraid of taxes. For the super-rich, there is virtually no tax rate that can hurt them.

Nope, they don’t care about enslaving the “little people”.

Nope, it’s not about control of others, either.

Actually, Rush answered it. THEY FEAR THE MASSES someday rising up, and they don’t want to be identified as an “enemy of the people”. So if they support Socialism, maybe they’ll be spared. That’s it - protection money.


35 posted on 04/29/2014 1:24:31 AM PDT by BobL
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To: Diogenes Sarcastica

This country can be fixed by the power of the purse.
Targeted withholding and spending can make or break businesses. Unfortunately there aren’t enough determined people willing to sacrifice a little to make this happen.
With today’s social media, information can be used to afford change but those that want it are too lazy to utilize the information.


36 posted on 04/29/2014 2:07:33 AM PDT by lucky american (Progressives are attacking our rights and y'all will sit there and take it.)
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Cuz they’re assholes?


37 posted on 04/29/2014 2:51:33 AM PDT by Gene Eric (Don't be a statist!)
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To: Gene Eric

“Why Do Nearly All the Super Rich Support the Democrats?”......

How do you think they became the “Super Rich”? Demodummies have been in control for some time and have funneled money to those who have supported them. Follow the money trail!!!


38 posted on 04/29/2014 6:47:25 AM PDT by DaveA37
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To: Diogenes Sarcastica

Rich people support Democrats because it buys protection from Muckrakers. That works because Muckrakers are Democrats.


39 posted on 04/29/2014 1:05:52 PM PDT by conservatism_IS_compassion ("Liberalism” is a conspiracy against the public by wire-service journalism.)
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