November 6, 2008
Obama wins over the wealthy.
Despite his tax proposals, which would raise taxes on those making $250,000 or more, Obama gained the support of the wealthy in Tuesday’s election. According to exit polls, he earned 52% of the votes of those who make at least $200,000 a year.
Are the wealthy turning against the old Wall Street mantra of “greed is good”? Are they developing consciences about the welfare of the little people? Or do they simply care more about other issues? One can only speculate. And wonder how the affluent will react if and when Obama’s proposals become a reality.