People think they are richer than they are

Posted by | January 22, 2003 | politics | No Comments

Guardian Unlimited Uncommon wealth

The Guardian looks at Bush’s tax cuts which affect the top 1% of tax payers and asks why “the Bush camp appears to have no fear of being seen as pandering to a relatively small coterie of country-club types. Any European politician proposing such a elitist fiscal policy would be destroyed in the press and the polls. “

The answer:

“A poll at the time of the 2000 elections found that 19% of those asked believed they were in the top 1% income bracket. Another 20% expected to be there soon.”

Unlike in Europe, optimism has given the right their ‘mandate’.