Dr. Phosphorous
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From the Washington Post --
Kimberly Hoover has been to most Michelin-star restaurants on the East and West coasts. She and her wife, multimillionaires from their real estate firms, own homes in or near New York City, Washington, Miami and Quebec. Their lives are filled with skiing, fine wine and long trips to Europe.
Hoover’s accountant estimates that the new tax law that President Donald Trump signed this month will save her several million dollars over the next few years. While many Americans might rejoice at that kind of windfall, Hoover worked hard to stop it from becoming a reality, arguing to lawmakers that she has more money than she needs.
“At some point, it starts to feel wrong. It starts to feel excessive. It starts to feel somehow inappropriate. And at some point, it just doesn’t feel good,” said Hoover, who spoke while on break from a sapphic literature conference she helps sponsor in Albany. “Imbalanced is really not good for anyone, even if you’re on the positive end of that imbalance, because it’s unsustainable.”
This explains why many rich people feel this way. They're embarrassed by Trump and the disgusting MAGA Republican Party. --
During the administrations of Ronald Reagan, George H.W. Bush, and George W. Bush, affluent Americans who benefited from tax cuts were more likely to be Republicans. The political party they supported delivered material benefits that boosted their pocketbooks. Democratic voters, by comparison, were more likely to be working or middle class.
Now, more than half of upper-income families — defined as those earning more than $215,400 per year — vote Democratic, according to a 2024 Pew Research survey, as more highly educated voters shift to the left. The top fifth of earners went from supporting Barack Obama in 2008 by a 2.5-point margin to supporting Joe Biden in 2020 by close to 15 percentage points. “Affluent Americans used to vote for Republican politicians. Now they vote for Democrats,” one 2023 paper found. That shift intensified during the 2024 presidential election, when large numbers of Black and Latino voters, who tend to be lower-income, defected to the Republican ticket for the first time in decades, according to several political scientists, exit polls and studies.
Kimberly Hoover has been to most Michelin-star restaurants on the East and West coasts. She and her wife, multimillionaires from their real estate firms, own homes in or near New York City, Washington, Miami and Quebec. Their lives are filled with skiing, fine wine and long trips to Europe.
Hoover’s accountant estimates that the new tax law that President Donald Trump signed this month will save her several million dollars over the next few years. While many Americans might rejoice at that kind of windfall, Hoover worked hard to stop it from becoming a reality, arguing to lawmakers that she has more money than she needs.
“At some point, it starts to feel wrong. It starts to feel excessive. It starts to feel somehow inappropriate. And at some point, it just doesn’t feel good,” said Hoover, who spoke while on break from a sapphic literature conference she helps sponsor in Albany. “Imbalanced is really not good for anyone, even if you’re on the positive end of that imbalance, because it’s unsustainable.”
This explains why many rich people feel this way. They're embarrassed by Trump and the disgusting MAGA Republican Party. --
During the administrations of Ronald Reagan, George H.W. Bush, and George W. Bush, affluent Americans who benefited from tax cuts were more likely to be Republicans. The political party they supported delivered material benefits that boosted their pocketbooks. Democratic voters, by comparison, were more likely to be working or middle class.
Now, more than half of upper-income families — defined as those earning more than $215,400 per year — vote Democratic, according to a 2024 Pew Research survey, as more highly educated voters shift to the left. The top fifth of earners went from supporting Barack Obama in 2008 by a 2.5-point margin to supporting Joe Biden in 2020 by close to 15 percentage points. “Affluent Americans used to vote for Republican politicians. Now they vote for Democrats,” one 2023 paper found. That shift intensified during the 2024 presidential election, when large numbers of Black and Latino voters, who tend to be lower-income, defected to the Republican ticket for the first time in decades, according to several political scientists, exit polls and studies.