"F*** You and F*** You, Republicans" Money

DATA: Slate has a great article on the politics of money.

In September, the research firm Prince & Associates surveyed 400 people worth more than $1 million for Elite Traveler magazine. The rich folk favored Bush by a 58-42 margin. Not too surprising. But when you break out the numbers, they tell a different story. The petit bourgeoisie millionaires were passionately for Bush: Those worth between $1 million and $10 million favored Bush by a 63-37 margin. But the haute millionaires, those worth more than $10 million, favored Kerry 59-41.



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On Wall Street, veterans speak of "f***-you money": the nice round figure a guy needs to set himself up for life, buy (and decorate) multiple residences, create trust funds for kids, and still have enough cash to buy expensive toys and pursue new business ventures. At a certain point—somewhere north of $10 million—wealth may become "f*** you and f*** you, Republicans" money. This is the kind of cash that George Soros, Warren Buffett, Peter Lewis, and the 200 business leaders who endorsed Kerry possess.