Here is what I believe and it ain't pretty...

[thucythucy]

53. One theory is the ultra-wealthy started to jump ship when President Biden proposed

the 25% tax on billionaires.

In addition, under his administration the IRS has finally been going after ultra-wealthy tax cheats, as opposed to what had been the focus on middle income tax payers:

https://www.msn.com/en-us/money/taxes/irs-collects-milestone-1-billion-in-back-taxes-from-high-wealth-taxpayers/ar-BB1pNle0?ocid=BingNewsVerp

Then there's his favoring a cap on rent gouging, and his effort to forgive student loan debt, debt held by companies that some donors have an interest in protecting and furthering.

This reinforces the view that even "liberal" millionaires and billionaires only remain so until their own entitlement to uber wealth is challenged. Sure, they don't want Trump, but they'd prefer a Democrat who knows how to suck up to his or her "betters."

And that ain't and never has been Joe Biden. Nor is it Vice President Harris.