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Old 11-14-2012, 07:10 AM   #1
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You've Only Got Yourself To Blame

The questions of who are the 1% and what level of income demarcates the fat cats from the rest of Americans are likely to become more and more polarizing in the coming weeks. What is perhaps the most intriguing is the apparent dichotomy between the demographics (youth - who face considerably worse employment trends) and state-wealth who voted for Obama. As ConvergEx's Nick Colas notes, of all the U.S. states with an above-average incidence of their citizens earning over $200,000 (14 in total), all but one (Alaska) went for President Obama in last week’s election. At the other end of the income spectrum, only 2 states in the bottom 10 for +$200K earners (Maine and Iowa) had a majority of voters who sided with the President.



Via Nick Colas, ConvergEx:

In the spirit of the notion that politics makes strange bedfellows – we’ll interpret that to include roommates as well – I went looking for some examples from the recent Presidential election. And since there is so much fuss about the question of “What level of income makes a household well-off?” we threw that into the mix as well. In the tabel above you will find an analysis of state-by-state income levels, wealth disparity, cost of housing, and which candidate that state favored in last week’s election.

A few summary points:
The greater the percentage of households making over $200,000/year in a given state, the more likely it is that its citizens voted for President Obama rather than Governor Romney. Of the top 10 states in terms of “high income” households as a percentage of the total state-wide population, nine of them will be awarding their Electoral College votes to Obama. The only holdout here is Alaska.

There are a total of 13 states (plus DC) where the number of +$200,000/year households as a percentage of the state-wide exceed the national average of 3.93%. They are: the District of Columbia, Connecticut, New Jersey, Maryland, Massachusetts, New York, Virginia, California, Alaska, Hawaii, Illinois, Colorado, New Hampshire, and Rhode Island. As mentioned, Alaska went for Governor Romney. And it is the only state on this list that did.

At the other end of the spectrum, the 10 states with the lowest percentage of +$200,000/year income households relative to the local population are Mississippi, Montana, West Virginia, Arkansas, Idaho, Kentucky, Indiana, Maine, Alabama, and Iowa. Eight of those states swung Republican in last week’s Presidential contest. The two exceptions were Iowa and Maine.

The central irony of this straightforward math is that any increase in income taxes on the “Wealthy” will be disproportionately borne by the states which secured the President’s reelection. Only 1.87% of the households in the states mentioned in the last bullet – the Republican leaning ones – earn over $200,000. Conversely, an average of 6.48% of the households at the top end of the state-by-state list earns this much. And, as mentioned, with the exception of Alaska they all favored President Obama over Governor Romney.

Whether this is merely correlation or causation is the subject of countless articles in political science journals, for as you review these lists of states you’ll see that this isn’t just about Election Day 2012. The hard-core “Red” states tend to have lower percentages of wealthy households, and the dyed-in-the-wool “Blue” states have more. Much more.

Also, if you look at the GINI Index – a measure of income inequality – Republican leaning states enjoy more equality on these terms than the citizens of traditionally Democratic areas of the country. They may not be Sweden (GINI Index 23.0), but Romney-voting Mississippi, Montana, West Virginia, Arkansas and Idaho average 44.9 on the GINI scale. On the other side of the political and economic coin, Democratic strongholds New York, Massachusetts, Maryland, New Jersey, Connecticut and DC have an average GINI score of 48.0. That is a three-point difference – about the same as currently exists between the U.S. average (GINI score 47) and Iran (GINI score 45).

You might argue that a dollar goes a lot further in some states than others, and you’d have a point. For example, the average median listing price for a single family home in the five states with the lowest percentage of +$200,000 households is $169,780 as of 2011. For the top five states (plus DC) in terms of high-income households, that number is almost twice as much at $304,140. “Wealthy” in Mississippi is different than “wealthy” in New York. Not that any attempt to implement a higher tax rate on the much-referenced “1%” will take that into account...

http://www.zerohedge.com/news/2012-1...yourself-blame
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Fascism is a religion of the state. It assumes the organic unity of the body politic and longs for a national leader attuned to the will of the people. It is totalitarian in that it views everything as political and holds that any action by the state is justified to achieve the common good. It takes responsibility for all aspects of life, including our health and well-being, and seeks to impose uniformity of thought and action, whether by force or through regulation and social pressure. Everything, including economy and religion, must be aligned with its objectives.
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Old 11-14-2012, 08:32 AM   #2
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States that go blue do so because of the massive population of urban areas. Most wealthy earners live in cities. It just so happens that for each wealthy person in a city, there are 100 people living on entitlements and being supported by that one wealthy person. Those 100 votes are what turns the state blue, not the one vote by the wealthy person (blue or red).

Smaller, rural states have less wealthy people and therefore less people living on entitlements from the wealthy, therefore they go red.


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Old 11-14-2012, 09:30 AM   #3
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Originally Posted by Reino View Post
States that go blue do so because of the massive population of urban areas. Most wealthy earners live in cities. It just so happens that for each wealthy person in a city, there are 100 people living on entitlements and being supported by that one wealthy person. Those 100 votes are what turns the state blue, not the one vote by the wealthy person (blue or red).

Smaller, rural states have less wealthy people and therefore less people living on entitlements from the wealthy, therefore they go red.


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thats TRUE and a good example of WHY statistics are at times deceptive if you don,t understand the source and how that effects the way that statistic was calculated
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Old 11-14-2012, 10:40 AM   #4
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I see it differently:

- those who understand the value of hard work vote republicans
- those who sit on their fat ass all day long and don't understand how hard it is to earn money in real life (or don't want to work too hard), vote democrats.
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Old 11-14-2012, 11:03 AM   #5
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Originally Posted by Reino View Post
States that go blue do so because of the massive population of urban areas. Most wealthy earners live in cities. It just so happens that for each wealthy person in a city, there are 100 people living on entitlements and being supported by that one wealthy person. Those 100 votes are what turns the state blue, not the one vote by the wealthy person (blue or red).

Smaller, rural states have less wealthy people and therefore less people living on entitlements from the wealthy, therefore they go red.


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You are correct.. Another factor is that, other than Vettenewb, most people don't base their vote on hate for rich people. They tend to vote more on inherent liberal or conservative leanings. The South, which has the bulk of the poorest states, tends to inherently lean conservative. This kind of article smacks of that elitism that is always complaining about the poor ignorant bastards who inisist on voting agains their own self-interest. Heaven forbid someone should vote on what's best for the country rather than their own self-interest. It appears more and more that only poor Southerners are willing to do that.
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Old 11-14-2012, 11:10 AM   #6
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I see it differently:

- those who understand the value of hard work vote republicans
- those who sit on their fat ass all day long and don't understand how hard it is to earn money in real life (or don't want to work too hard), vote democrats.

I see it differently:

- those who want the government to force the people to live by their ultra-religious anti-abortion and anti-gay teachings vote republican
- those who want the government to stay the hell out of their bedroom vote democrat
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Old 11-14-2012, 11:23 AM   #7
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Originally Posted by Bill Davies View Post
I see it differently:

- those who want the government to force the people to live by their ultra-religious anti-abortion and anti-gay teachings vote republican
- those who want the government to stay the hell out of their bedroom vote democrat
I know human babies are a terrible secular inconvinience, but the Republicans are in peoples bedrooms, the "anti-gay" sentiment comes from an abhorrent (genetically speaking) life style bringing its bedroom to the public court house.

But I digress, we could talk at length about this non germane subject when we are in here to discuss how wealthy people seem to surround themselves with greedy hangers on.
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Old 11-14-2012, 12:00 PM   #8
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Originally Posted by Bill Davies View Post
I see it differently:

- those who want the government to force the people to live by their ultra-religious anti-abortion and anti-gay teachings vote republican
- those who want the government to stay the hell out of their bedroom vote democrat
I don't believe in God, I believe in the right to abortion, I believe what happens in my bedroom is nobody's business.

Yet, I am republican
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Old 11-14-2012, 12:06 PM   #9
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I know human babies are a terrible secular inconvinience, but the Republicans are in peoples bedrooms, the "anti-gay" sentiment comes from an abhorrent (genetically speaking) life style bringing its bedroom to the public court house.

But I digress, we could talk at length about this non germane subject when we are in here to discuss how wealthy people seem to surround themselves with greedy hangers on.
Yeah yeah. I was responding to an oversimplified, snarky remark with a similarly oversimplified, snarky remark.

However, my post also stands to refute Tex's assertion that southerners, living in the heart of the bible belt, are voting for the country rather than their own self interests.

But please digress back into the same ol' gnashing of teeth over economics and ignoring the conservative stance on some of the major social issues that lost you guys the election.

My comment is as relevant to the discussion of why the chart in the OP shows which states voted red or blue as is the economic side you guys want to discuss for the 10,000th time in the 10,000th thread.
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Old 11-14-2012, 12:13 PM   #10
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I don't believe in God, I believe in the right to abortion, I believe what happens in my bedroom is nobody's business.

Yet, I am republican
And I have a career, believe in personal responsibility, and wouldn't want any woman who was carrying my child to have an abortion.

Yet, I am liberal

I guess the two of us disprove our own oversimplified stereotypical statements.
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Old 11-14-2012, 01:07 PM   #11
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I see it differently:

- those who want the government to force the people to live by their ultra-religious anti-abortion and anti-gay teachings vote republican
- those who want the government to stay the hell out of their bedroom vote democrat
The government is welcome in my bedroom. It's my wallet I want them to stay the hell out of.
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Old 11-14-2012, 01:56 PM   #12
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The government is welcome in my bedroom. It's my wallet I want them to stay the hell out of.
That's fine by me as well but if Nancy Pelosi
or Hillary Clinton ever enter my bedroom,
the government is going to owe me a lifetime
supply of viagra, because I doubt that
I will be able to erase the mental images
of such a horror.

Last edited by C6 CRUZR; 11-14-2012 at 06:38 PM.
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Old 11-14-2012, 02:18 PM   #13
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That's fine be me as well but if Nancy Pelosi
or Hillary Clinton ever enter my bedroom,
the government is going to owe me a lifetime
supply of viagra, because I doubt that
I will be able to erase the mental images
of such a horror.
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Old 11-14-2012, 03:13 PM   #14
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The government is welcome in my bedroom. It's my wallet I want them to stay the hell out of.
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Old 11-15-2012, 03:01 AM   #15
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You are correct.. Another factor is that, other than Vettenewb, most people don't base their vote on hate for rich people. They tend to vote more on inherent liberal or conservative leanings. The South, which has the bulk of the poorest states, tends to inherently lean conservative. This kind of article smacks of that elitism that is always complaining about the poor ignorant bastards who inisist on voting agains their own self-interest. Heaven forbid someone should vote on what's best for the country rather than their own self-interest. It appears more and more that only poor Southerners are willing to do that.
Not bashing religion, but really religious people, like those down south are less educated...no wonder they tend to always vote against their own interest.
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