How many millionaires do you know? You probably only think of one or two people in your vast network who could possibly be that rich. But you’re not thinking of people’s retirement fund as part of their millionaire status nor their house value. Currently, we have over 14 million millionaires which are about 12% of the American population. We don’t realize this as income inequality and economics take precedence in electoral year news. As the 2020 election season ramps up we will consistently hear from candidates and their ideas to help the poor, unemployed and underemployed. That’s where the election becomes murky for too many Americans.
Americans appear to be divided between the Red and the Blue but it’s not that easy. In between these colors are the gray voters-swing voters. They are nearly half of the electorate at 45% of all voters. These are the people who are voting per issue like the economy, student loan forgiveness, crime in cities and Civil Rights. But inside these voters are the upper-middle and middle-class that are in the “everyday millionaire” club. According to Pew Research, those voters believe income inequality is about right. That’s where this 2020 election will land-in the laps of those that have fought, scrimped and changed daily habits to join the upper economic tiers.
As the Democrats have witnessed Bernie Sanders is a likely candidate for those that want student loan forgiveness, free medical and socialized income. Andrew Yang idealized this in his Freedom Dividend. Sure, everybody wants a break from the bills but in politics, it’s turning into a division in the electorate. American’s that fought hard to pay off student loans and find a job with benefits aren’t so convinced that anything is free. On the other side of the aisle, there are the lower-income voters who are insistent that income inequality is ruining their lives and more money will fix the problem. Unfortunately, money isn’t the problem businesses not providing benefits is a huge culprit.
We continually elect millionaires to the White House for a reason. Americans are impressed with the rich. That’s why we watch the Kardashians and real-life of whatever cities’ first wives. We tell our children to become rich one day as we struggle to figure out the compound interest of our savings account. As experts prod polls looking for the “economics” answer for voters mobilization, they’re all missing one point. We vote for our pockets at the end of the day. If you were going to lose $100,000 on your investment due to a socialized plan by one of the candidates would you still vote for them? NO. We don’t vote to lose money.
Economics has impacted Americans at many different angles yet we will vote to save our own life savings, retirement funds and enter the everyday millionaire status. The news relentlessly classifies us into issue voters yet nearly half of the electorate doesn’t have a party nor a candidate. Many Americans have learned that national politics doesn’t impact us on a local level but it will define our economic interests. We vote for the rich because we want to be like them. We want our investments to grow so we can pay for our kid’s college instead of taking out loans. We want to be the “Rich”. The candidates need to promote forcing businesses to reintroduce benefits for their employees like healthcare, college scholarships, paid vacation, sick pay and all the other important factors that make American voters healthy and happier and richer. When candidates finally come back to earth from their mansions to force their own networks to feed the people, then we might have an issue-based electorate.