Saturday, July 5, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > Opinion > Voters’ benefit: the crucial dilemma

Voters’ benefit: the crucial dilemma

in Opinion
- Voters’ benefit: the crucial dilemma
Share on LinkedinShare on WhatsApp

Democrats support higher taxes but Republicans don´t. Who is right?

Wealthy Democrats support higher taxes; they are more likely to favor higher taxes on wealthy households than are poorer Democrats. Republicans, meanwhile, are not much in favor of increased spending on Medicare and Social Security, though many of them are likely to need it.

In 2017, only 35% of Republicans said they were in support of increased spending on Medicare, compared to 61% of Democrats; there was a similar difference in opinion over spending on for Social Security. And yet Republican support skews old: in 2016, 53% of those aged 71 to 88 identified as Republican or leaned Republican compared to 36% of those aged 18-35. And it is old people who benefit most from such transfers: in 2013, for example, government accounted for 73% of the health spending of those aged over 65 compared to 27% of the expenditures of those under 65.

This disconnect between personal financial interest and partisan lean may be partly explained by the fact that increasingly, other things matter more than money when it comes to political affiliation.

According to Gallup polling, the proportion of Americans who say the gap between rich and poor is America’s most important problem, at 2%, is much smaller than those who cite immigration (11%) or race relations (7%). And there is evidence that factors including location, race and religion influence party affiliation more than income does.

In 2016, Pew research suggested 47% of those in families with incomes between $30,000 and $50,000 identified as Republican –more than the 46% of those with incomes over $150,000. Compare that to the 55% to 33% gap between rural and urban support for Republicans, or the 76% Republican support amongst white non-Hispanic evangelical Protestants compared to the 7% support amongst black Protestants.

Another reason for voting against one’s economic self-interest is the belief that Washington won’t successfully implement transformative economic policies –good or bad.

The lack of belief that Washington can act to voters’ benefit is regrettable because the federal government does still have an impact on individual finances and could have a bigger one. Estimates by Christopher Weimer, an economist, suggest 12% of Americans are kept out of poverty thanks to tax and welfare programs. Analysis by the bipartisan Tax Policy Centre suggests that if the tax deduction destined for the top fifth of earners thanks to last year’s reform had instead been distributed to the bottom quintile, it would have raised their incomes by 50%.

Perhaps the most corrosive effect of believing that government won’t make a difference is that it abandons those to whom it really could to the whims of ideologues.

Tags: taxes

Related Posts

How a Data-Driven Mindset Powers McAfee’s Growth
Opinion

How a Data-Driven Mindset Powers McAfee’s Growth

Blackstone’s Jon Gray on Strategic Discipline, AI, and Entrepreneurial Leadership
Opinion

Blackstone’s Jon Gray on Strategic Discipline, AI, and Entrepreneurial Leadership

Canada, India move closer to trade deal
Opinion

Informing Strategic Planning Amid Tariff Uncertainty for Canadian Municipalities

A paradigm shift in supply chain operations: From agent-led to AI-led
Opinion

A paradigm shift in supply chain operations: From agent-led to AI-led

6 steps toward your retirement goals
Opinion

6 steps toward your retirement goals

Dollar continues record rally
Opinion

U.S. Economic Confidence Slightly Improved, Still Negative

How U.S. steel and aluminum tariffs would impact Canada’s economy
Opinion

The impact of US trade policy on jobs and inflation in Canada

Key Takeaways From Treasury’s Foreign Exchange Report
Opinion

Key Takeaways From Treasury’s Foreign Exchange Report

CVCA CEO Kim Furlong to step down
Opinion

What I’ve learned about building winning businesses

Inspiring vs. Infuriating: The Science Behind Great Leadership
Opinion

Inspiring vs. Infuriating: The Science Behind Great Leadership

No Result
View All Result

Recent Posts

  • What makes the Royal Edinburgh Military Tattoo so special?
  • Beyond the Machine: Why Human-Made Art Matters More in the Age of AI
  • 7 Benefits of High Intensity Interval Training
  • Paramount CEO explains why company paid Trump millions in 60 Minutes settlement
  • SAS CEO announces Air France–KLM to become majority owner

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.