Millionaire Elites Are Ready for Hillary Clinton

Survey Confirms Wealthy Love Clinton and Big Government

by Josh Guckert

A recent poll released by CNBC shows that Hillary Clinton is the favorite candidate among millionaires. Clinton receives the support of 36% of those polled, far ahead of Jeb Bush, who came in second with 20% of the vote. As is noted in the article detailing the findings, this polling is particularly significant in that millionaires are more likely to be Republicans than the general population, yet Clinton still does exceptionally well.

In a head-to-head match-up, Clinton leads Bush among millionaires by a tally of 53% to 47%. Bush does close the gap among the wealthiest Americans, as he leads Clinton 52% to 48% among those worth $5 million or more.

This CNBC poll reflects what has long been suspected: that Wall Street corporatists and cronies can’t wait for the possibility of another Clinton v. Bush election. Clinton seems to have established herself as the favorite among the most well off, even as she has attempted to paint herself as the “every-woman” who is fighting for middle-class Americans.

Clinton’s rhetoric, typical of modern left-wing politicians, is hostile toward “big business” and “corporate greed.” However, the reality of these populist policies is that while they allow oligarchs to prosper, they create a harsher climate for those with the least wealth and resources.

For example, Clinton has made it clear that she strongly supports an increase in the minimum wage. However, such an increase would only eliminate the jobs of the poorest Americans. Additionally, increasing the minimum wage is harmful to small businesses and grants advantages to larger companies, because it levies more costs against potential employers, a cost which can be easily absorbed by the biggest businesses, but creates a significant hurdle for smaller businesses.

It is for this reason that large companies like Wal-Mart consistently support raising the minimum wage: they know that they can fire some workers and raise the wages of others without any major changes to their business plan. On the other side, they know that increasing the wage mandate will make it harder for competitors to break into the market and pose a direct threat to Wal-Mart’s sales.

Another stance of Clinton’s is that the wealthy and corporations should have higher tax burdens. While this may sound quite good on paper as to combating inequality and promoting tax policies that assist the middle-class, the taxes on the wealthy too often fall upon those who are poorer, as they are passed down through higher prices and less job opportunities and employment benefits.

This is yet another way of keeping potential competitors out of the marketplace, as so many of the wealthiest are business owners. The wealthiest often favor higher tax rates, as they have the resources, such as tax attorneys and accountants, who can find loopholes, while their less affluent competition is forced to pay the full rate. In fact, the complicated tax code is often partly put together by the very companies which it governs, so as to ensure that they do not actually have to follow these new rules.

Lastly, Clinton is one of the most long-standing supporters of universal healthcare. Again, this is a policy which is marketed as a middle-class solution, but in fact unfairly favors the wealthy. As seen in Cuba, the coverage offered in such a system can never be truly uniform throughout. Individuals are asked to get in line and wait if they wish to see a doctor. This creates an externality, as with nearly all bureaucracy, whereupon those who have the means to bribe and push their way to the front will capitalize upon such an opportunity. Meanwhile, the poorest are left to wallow in the government’s cronyism.

Hillary Clinton will spend the next year and a half presenting herself as a fighter for everyday Americans. However, her support for big government policies and solutions which disparately favor the rich over the poor should disqualify her from becoming President.

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