What Are Rich People Thinking?

The author doesn't seem to understand that for some people it's not just about the money.

I wonder how many of the "rich" who voted for Obama bought their first house with no help from papa & mama, or worked their way through college? - In a pinch, they resort to the giveaway mentality, I believe that's what they experienced, so that's what they resort to - a no brainer.

JC0101 style comments are most revealing.

Actual confessions from real people...

The sad truth is that reducng taxes & spending is so hard to do...

Emmanuel has an interesting plan for 15-25-35% tax rates.

It may be as low as it gets...

I agree, this is a dumb article. If the rich were crazy to vote for Obama because it adversely affected their wallets, then, by the same logic, every poor person in the country that voted for McCain is similarly crazy.
Reductionism taken to the point of stupidity.

I dont buy the share the wealth bit. And sure dont like the 7 billion bail out, thats roughly $23,000 for every man woman and child in the country. Giving that money to companys that fold from bad managment with their money is like giving an adict a key to the local drug store.Somtimes I wonder if people really knows where our gov gets all that money, in case ya dont.........outa your paychecks, taxes taxes taxes! I dont mind paying, and paying more,But my money is hard earned and I expect it be better spent. Ya I know the carmakers need a couple billion to get them through, but they didnt see it like that when I couldnt afford payments on a new truck......so fukc em, I like my honda.....we tax payers kinda fianace this bunch of idiots in charge, live them in charge fine but for fukc sake lets make them get a new accountent! Cuz their really fukcing up with the one they got.

I earn that much and more and I don't understand how educated wealthy people feel that spending freely on a war isn't going to hit them in the pocket books. Most of us are willing to pay for a war and I do mean PAY, when there is a critical reason but Iraq in meaningless. We didn't even get their oil. The terrorists are already here. DUH!. The bill for this war has come due and we have to pay. Period. If the lower income people can't purchase the goods we all have stocks in, then the whole country is lost. BTW, the news organizations are run by rich capitolists.They are really not so left! Capitolism is our asis but you have to take the good with the bad andf the bad is where we are right now! Get over it and do something constructive.

Do you write for comic books also? You should because the article is pure fantasy. LOL The liberal media writes whatever it wants with no facts to back it up and the brainwashed swallow it as truth. Been going on for years. Notice you didn't bother to put any links to back up your story. Interesting because then people would actually be able to check your facts. But then again what liberal ever let facts get in the way of their agenda?

They probably put the country ahead of their wallet. And that may be the hardest thing for the author to understand. Oh and to the comments about who's right and who's left in the media, I guess it's just a matter of perspective however, the vast majority of talk radio (a popular media to the great-unwashed masses...) is primarily right wing. MSNBC is as left-leaning as FOX is right leaning with CNN splitting the middle. I suspect that folks will be scratching their heads over why the rich voted for Obama for many years after he's done with being president. I still say it is probably not so difficult to figure out. I think the solution is as simple as my opening line suggests. I just think that they put the nation ahead of themselves for once. Everyone is capable of those moments from time to time, including the privilaged.

A Depression is BAD for rich people.
Unnecessary wars are BAD for rich people.
A dying planet is BAD for rich people.
Rich people understand that economic policies are important; while this used to be a Republican strong suit, it sure isn't anymore. The debt clock came down under Clinton; they had to add a digit because of Bush!

It is really lucky for most of you that in a day or two, we will no longer see the crazy predictions that are being made here. This economy is like nothing we have seen before. It doesn't follow any of the typical historical patterns. Some of the most intelligent, most successful business people in our country have sustained enormous losses; including some of Obama's closest financial advisors. It is very easy to say what Obama will do when he's still standing on the sidelines or to second guess the current administration. Once the new administration takes office, the wake up call will begin. I would seriously take a wait and see approach. Obama has created enormous expectations for his presidency. Trying to rein that in at this point is maybe too little, too late. He has promised a lot; we'll see if he delivers. If in fact he can, the bandwagon will remain full -- if not...well, people will jump off as quickly as they jumped on. Promises will only get you so far and then, people expect results. Although I was not a supporter, I wish him all the luck and offer my prayers for his success.

do you write for comic books also? You should because the article is pure fantasy. Notice you have no links to any of the claims you make. LOL But what the hey people have believed wathever the liberal press throws at them for years.

Time will tell. Bush did a lot of damage, but doesn't get credit for some very good things that did occur under his watch. The financial crisis will ultimately be shown to be a delayed holdover from Clinton policies regarding mortgages for people that had no business qualifying for them. Even with that, our economy was in much better shape before Democrats took control of the Senate and the House and prevented several Bush recommendations from occuring. At one point, Republicans had control of all 3 major branches and we did a lousy job with it. It will now be interesting and enlightening to see if the Democrats do a better job. At the end of the day it still boils down to the simple economic fact that you can't spend more than you make. Obama's plans are ambitious and even revolutionary. Almost evangelical. But "moderate tax increases" on the top 3-6 percent of taxpayers (who already pay 70% of the tax burden) will not possibly fund all of the great Democratic ideals. With increasing costs of a aging population of baby boomers we were already poised for financial disaster prior to the "credit crisis". As an employer of 7 people, none of my very competent employees will be getting raises this year as i simply cannot afford to do that with the low margins of profit already built into my practice. I believe we are in for a difficult decade - no matter who or what party is in charge.

I have a relative who makes more than $250k. He owns multiple ice cream stores, which are not doing well right now. He voted for Obama. The more money middle class people have the more they will buy from him. CEOs don't go to his stores, so more tax cuts for them won't help him. Plus, his taxes won't go up that much. A couple of thousand extra in taxes is far better than ten of thousands less in decreased business.

This is a really dumb article, and I am not surprised at the really dumb responses it illicited on this board. Becasue a person is rich, then everything they think or care about is somehow related to money? How absurd. Did it ever occur to the author or anyone on this board that the folks who are rich and voted for obama did so for some other reason other then his tax plan? And using a small county in Connecticut as your measuring stick for all rich people? Equally dumb. Of course this is NewsWeek, so I don't expect much. Did you know that there are more rich people in Florida than in Connecticut? Did you study their voting habits, or did you just look for examples that supported your pre-determined conclusion. You call this journalism? You are a hack....

The Pied Piper's tune appeals to many, especially children.

I believe vancbjorn is true...

"Trendy " liberal millionaires...

In fact,if some centrist Dems ,together with Reps,manage to lower the estate tax,they will go all Dem...

The Pied Piper's tune appeals to many.