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April 23, 2011

"The Public Overwhelmingly Wants It: Why Is Taxing the Rich So Hard?"

When even the New York Times, the supposed bleeding heart of the liberal media, is asking whether it’s more “perilous politically” to accept tax increases for 3 percent of households or benefit cuts for everyone, you’d assume that even Americans who aren’t rich are are opposed to raising taxes on those who are. But you’d be wrong: nearly three-quarters of Americans support raising taxes on the wealthy. So why is raising taxes on the wealthy so hard—or why do we think it is?

The obvious answer is that rich people have political clout—but can it really be so simple? A growing mound of evidence suggests that while wealthy people’s preferences may not be the only factor in political decision-making, it’s a worrisomely important one. In a recent study, Princeton political scientist Larry Bartels found that senators outright ignored the views of their least advantaged constituents while catering to the preferences of the wealthy. Princeton’s Martin Gilens has also found that policy changes reflect the preferences of the most affluent, while the preferences of poor and middle-income Americans have almost no bearing.  

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