Why Do Nearly All the Super Rich Support the Democrats?

Diogenes Middle Finger ^ | 4/28/2014 | Nick Sorrentino

[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?"

[crusty old prospector]

Guilt.

[PapaNew]

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.

[Jonty30]

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

[Paladin2]

Uh, they are afraid of an annual wealth tax?

[Politicalkiddo]

So all the little people will be enslaved.

[reasonisfaith]

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.

[VRWC For Truth]

The DemocRat plantation.

[Moonman62]

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.

[rightwingcrazy]

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.

[fatima]

They all support abortion.

[ArcadeQuarters]

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

[Lurkina.n.Learnin]

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.

[the_daug]

They want independent business regulated out of business!

[Harmless Teddy Bear]

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.

[Fledermaus]

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

[longtermmemmory]

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”.

[Fai Mao]

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

[gusty]

Two reasons. Crony capitalism is one, and eliminating the small competition is the other.

[Intolerant in NJ]

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......