There’s an old saw that blue-collar working-class voters are the bedrock of the Democratic Party.
This may have been true a generation ago, but no longer. Political realignments over the last 20 years have caused the voter base of both major parties to flip.
The Democratic Party is now undeniably the party of the wealthy.
According to Bloomberg, IRS data from 2020 shows that Democrats represent 65 percent of taxpayers with a household income of $500,000.
Meanwhile, the same data establishes that 74 percent of taxpayers in Republican districts have household incomes of less than $100,000.
The Bloomberg report also references Census Bureau data that showed the typical congressional district represented by a Republican was 14 percent richer than the typical Democratic district in 1992. But nearly 30 years later,