IF YOU AREN'T POOR, YOU'LL VOTE STUPID:

Study: Why the Investor Class Annoys Democrats (James Pethokoukis, 11/03/08, US News)

[Two economists at the Federal Reserve Bank of Dallas, John Duca and Jason Saving] found that "higher stock ownership rates are linked to an upward shift in the Republican share of the House popular vote since the late 1980s, consistent with theories that property interests affect voting. Findings suggest that the major parties' shares of the House popular vote will fluctuate around 50 percent until other factors trigger a political realignment."

Me: Again, this study points to the political rationale for Democrats' imposing higher capital gains taxes, preventing the personalization/privatization of Social Security, and taxing retirement vehicles like 401(k) plans.

Which is why failure to support the Third Way represents a self-inflicted wound for Republicans.

Posted by Orrin Judd at November 3, 2008 11:39 AM