Barack Obama promised he would lower taxes for 95 percent of Americans and presumably raise them for the 5 percent who benefited most under President Bush’s tax policies. But, remarkably, the most affluent 5 percent supported Obama and that was perhaps the key to his victory last week. Full Story »
Posted by Kaizar Campwala
The voting percentages by groups needs sourcing to validate the analysis. If correct, the trend shows more voters from higher income levels, youth and minorities. Obama's backing came from a "fusion of expanded minority voting and the expanded upper class" who believe " more than ever before in government intervention, teamwork and collective action." and "they have switched their votes as part of a rejection of the religious right, the war in Iraq, and laissez-faire economics." who are "new professionals in software, the media, consulting, and mid-management." The author questions if they will support higher taxes. If so, perhaps there is a sense that taxes are a necessity if they support badly needed infrastructure.
I believe the environmental and economic problems confronting the world, and the US especially, will bring about changes unimagined now, and this analysis of voting trends may be irrelevant by the next election cycle.