• Nick Sorrentino

Reason Asks: Are the Democrats Now the Party of the Rich?

It certainly appears so. Call it Tesla nation.

Of course this is nothing really new. There have always been rich "progressives". The Kennedys. The Rockafellers. Hollywood. But at least the Dems had some kind of connection to the blue collar world. The union guys were on board and in many respects the heart of the party.

That is no longer the case. Today's Democratic Party is a coalition of much of the well to do, government employees, the inner city political machines, achedemia, and most of the media. The old core of the party has been tossed aside.

Generally within the modern Democratic Party there seems a contempt for the middle class and its ideals, thrift, hard work, family. Now the values of people like George Soros, Tom Steyer, and Michael Bloomberg are what are valued and pushed by the party.

It's real hard to be a middle class, gun owning, family person in today's Democratic Party. Even if one is in a union.

(From Reason)
This month saw the election of Jay Robert "J.B." Pritzker as governor of Illinois. Pritzker, an heir to the Hyatt hotel fortune, is worth an estimated $3.2 billion, and spent $171.5 million to get himself elected, according to Money magazine.
Another winner was Edward M. "Ned" Lamont Jr., in the Connecticut governor's race. Lamont, an heir to the J.P. Morgan banking fortune of his great-grandfather Thomas Lamont, estimated his assets in 2006 at between $90 million and $300 million, and showed reporters tax returns last month with income totaling $18 million over 5 years.
The winner of the election for governor of Colorado, Jared Polis, filed financial disclosure forms as a member of the House of Representatives indicating estimated wealth of more than $300 million.
Pritzker, Lamont, and Polis are all Democrats.

It must also be noted that in a crony capitalist system like we have the old guard owns the government. So more government is often in the interest of the powers that be. As we say often, big business, and the very rich often want MORE regulation. It's the crony way. Competition and innovation are a much tougher road to hoe. And the Democrats (particularly) love to expand regulation. So there you go.

Click here for the article.