Americans with over $1 million in assets are reporting less enthusiasm for Trump's agenda. (Photo: Jim Mattis/Flickr/cc)
Even Millionaires Are Ready to Ditch Trump
Poll finds that even those who may benefit from Trump administration's policies are abandoning the president
A CNBC poll finds that President Trump's support is waning among many of his fans from a particular demographic: millionaires.
The survey was conducted with the Spectrem Group, a consulting firm that conducts research on affluent households.
Forty-five percent of the millionaires surveyed voted for Trump in the 2016 election, and 39 percent identified themselves as Republican voters. Twenty-four percent were Democrats and 35 percent were independent.
The survey showed that even some of Trump's richest supporters, who potentially stand to gain the most from policies like the Republican healthcare bill, are turning away from the president. Fifty percent of respondents said they now have a negative view of Trump, while 29 percent viewed him favorably.
The respondents cited government dysfunction as one of their top concern regarding the current administration. Millionaires say they are concerned about the administration's mismanagement of the federal government both because it could harm their personal wealth, and because it could have a negative impact on the economy.
Many Democratic millionaires also said that they've joined the anti-Trump resistance, becoming more politically active following Trump's 2016 win. A quarter of the 750 people surveyed said they've donated money to Democratic causes and candidates, and one in five has participated in a political march.
We are at a crossroads
This country and this world are at a monumental crossroads. In a few short weeks, US voters will have an opportunity to beat back the forces of fascism and confront the billionaires who are rigging the economy, our media system, and our democracy, making it increasingly impossible for ordinary people to get by. We’re not just talking about the election. We’re talking about what must be done once these fascist elements are vanquished from power. We need a bolder set of solutions than what either major party has so far been willing to offer and a working-class movement ready to fight like hell for it. Trump didn't emerge from nowhere. The conditions that fueled MAGA authoritarianism were created by decades of radical neoliberal economic policies and a corrupt political system dominated by corporate interests. They slashed taxes on the super-rich, promising that the benefits would trickle down. They said giveaways to the corporate titans would make life more affordable for the rest of us. It was all bullshit. And when a bitter, betrayed populace searches for someone to blame, right-wing demagogues have little trouble finding scapegoats. People know when they're being lied to, but you won't hear any of this from the corporate media. Only independent journalism—powered and funded by people who believe in building a better world—can deliver truly trustworthy daily news. Our Fall Campaign is underway, and we need your help. To power our newsroom through the rest of the year, we need to raise $125,000 by midnight on October 31. So if you share our vision, please contribute whatever you can to sustain our work. |
A CNBC poll finds that President Trump's support is waning among many of his fans from a particular demographic: millionaires.
The survey was conducted with the Spectrem Group, a consulting firm that conducts research on affluent households.
Forty-five percent of the millionaires surveyed voted for Trump in the 2016 election, and 39 percent identified themselves as Republican voters. Twenty-four percent were Democrats and 35 percent were independent.
The survey showed that even some of Trump's richest supporters, who potentially stand to gain the most from policies like the Republican healthcare bill, are turning away from the president. Fifty percent of respondents said they now have a negative view of Trump, while 29 percent viewed him favorably.
The respondents cited government dysfunction as one of their top concern regarding the current administration. Millionaires say they are concerned about the administration's mismanagement of the federal government both because it could harm their personal wealth, and because it could have a negative impact on the economy.
Many Democratic millionaires also said that they've joined the anti-Trump resistance, becoming more politically active following Trump's 2016 win. A quarter of the 750 people surveyed said they've donated money to Democratic causes and candidates, and one in five has participated in a political march.
A CNBC poll finds that President Trump's support is waning among many of his fans from a particular demographic: millionaires.
The survey was conducted with the Spectrem Group, a consulting firm that conducts research on affluent households.
Forty-five percent of the millionaires surveyed voted for Trump in the 2016 election, and 39 percent identified themselves as Republican voters. Twenty-four percent were Democrats and 35 percent were independent.
The survey showed that even some of Trump's richest supporters, who potentially stand to gain the most from policies like the Republican healthcare bill, are turning away from the president. Fifty percent of respondents said they now have a negative view of Trump, while 29 percent viewed him favorably.
The respondents cited government dysfunction as one of their top concern regarding the current administration. Millionaires say they are concerned about the administration's mismanagement of the federal government both because it could harm their personal wealth, and because it could have a negative impact on the economy.
Many Democratic millionaires also said that they've joined the anti-Trump resistance, becoming more politically active following Trump's 2016 win. A quarter of the 750 people surveyed said they've donated money to Democratic causes and candidates, and one in five has participated in a political march.