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Roland99

(53,342 posts)
Mon Aug 10, 2020, 09:24 PM Aug 2020

It's not just the US where we see those w/MORE education voting for more liberal political parties

Interesting. It's not just in the US where we see those with MORE education voting for the more liberal political parties.

Electoral Cleavages and Socioeconomic Inequality in Germany 1949-2017
Fabian Kosse, Thomas Piketty

https://wid.world/document/electoral-cleavages-and-socioeconomic-inequality-in-germany-1949-2017-world-inequality-lab-wp-2020-15/




Abstract
This paper explores the changing relationships between party support, electoral
cleavages and socioeconomic inequality in Germany since 1949. We analyze the
link between voting behaviors and socioeconomic characteristics of voters. In the
1950s-1970s, the vote for left parties was strongly associated with lower
education and lower income voters. Since the 1980s voting for left parties has
become associated with higher education voters. In effect, intellectual and
economic elites seem to have drifted apart, with high-education elites voting for
the left and high-income elites voting for the right. We analyze how this process
is related to the occurrence of new parties since 1980 and the recent rise of
populism.


Several years ago, I'd read Piketty's Capital in the 21st Century and, essentially, his summary was that tax on capital needs to rise dramatically in order to begin to combat the massive spread of wealth inequality across the world.

Hearing Twitler today discuss a possible Capital Gains tax CUT struck me hard. It's the exact OPPOSITE of what we need and will lead to a further destabilization of the economy and an even greater widening of the gulf of wealth inequality.

I re-visited his twitter feed, hadn't gone there in a while, and came across this tidbit above. Thought it was interesting to note. I know we've definitely seen those with higher levels of education voting Democratic here in the US but the same thing is happening in other countries.
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