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View Diary: My white male millionaire friend is voting for WHO!?! (239 comments)

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  •  It sounds like your friend realizes that it's in (2+ / 0-)
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    4democracy, Amber6541

    his best interest to vote for President Obama.  I've known a  few millionaires in my day and I've never heard any of them say, "I'm not going to expand my business because it will increase my taxes."  Your wealthy friend knows that when the people who work for him and his customers are doing well, his business does well too.  That is the true meaning of "the rising tide that lifts all boats."  

    Business always does better with an expanding customer base. That expansion occurs from the bottom and the middle not the top.  That's why "trickle down" doesn't work, there are too few at the very top to create a large multiplier effect.  After a point they tend to save their money, not spend or invest it; therefore, increasing their wealth doesn't create demand which is what causes the economy to grow.  It's basic macroeconomics.  Your friend has it right, most Republicans get wrong.

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