The "Investor Class" Factor
September 13, 2000
Economists and political observers have been closely watching the investor class in America since it began growing dramatically a decade or so ago. The question has been what impact greatly increased numbers of investors will have on political issues and elections.
The answer is generally bad news for the Democrats -- given that party's long history of promoting class-warfare, analysts report.
A poll commissioned by Investor's Business Daily reveals that:
- Some 53 percent of registered voters are investors, meaning those having more than $10,000 worth of stock market investments -- while only 42 percent are noninvestors.
- About 60 percent of investors say they are likely to vote versus just 35 percent of noninvestors.
- Some 34 percent of investors identify themselves as Republicans -- while just 27 percent call themselves Democrats.
- Of those investors queried, 47 percent of likely voters say they will support George W. Bush, while 40 percent intend to go for Al Gore.
The poll revealed that investors tend to be less concerned about many key issues than noninvestors and they are less concerned with social issues.
Curiously, just 45 percent of investors say getting rid of the estate tax is important, compared to 55 percent of noninvestors. Investors also came out lower on the issue of "cutting taxes for all." Just 59 percent of investors thought that was important, compared to 69 percent of noninvestors.
Source: IBD Staff, "New Constituency to Reckon With: A Large and Growing Investor Class," Investor's Business Daily, September 13, 2000.
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