Here is an interesting list of people who have apparently (not my list – happy to be corrected if anyone listed inaccurately) voiced support at one time or another with varying degrees of volume as well as their net worth:
- Barack Obama: Net worth in 2010: $10.5 million. Editorial on Obama associations with Goldman Sachs etc
- Rep. Nancy Pelosi(D-Ca): $21.74 million
- Former Vice President of the USA Al Gore: $100 million
- Yoko Ono: $500 million
- Russell Simmons: $325 million
- Sean Penn: $150 million
- Rosie O’Donnell: $100 million
- Roseanne Barr: $80 million
- Deepak Chopra: $80 million
- Kanye West: $70 million
- Alec Baldwin: $65 million
- Russell Brand (net worth: 15 million; combined net worth with wife, singer Katy Perry: $63 million)
- Susan Sarandon: $50 million
- Tim Robbins: $50 million
- Michael Moore: $50 million
- Danny Glover: $15 million
- Talib Kweli: $14 million
- Mark Ruffalo: $10 million
- Rev. Jesse Jackson: $10 million
Recently there has been much vitriol and overbroad criticism leveled at “the rich” not least of which by our President and an author from North Dakota whom I used to respect. Some one I was communicating with about this anger at “the rich” noted that these angry people really don’t hate the rich so much as they hate the rich who don’t give money to liberal causes or support liberal candidates. What they really mean is that they hate Republicans, the monolithic party of greed according to that author, with money and regard anyone who is not rich that supports them is brain dead lackeys who fail to recognize that Obama is trying to take the rich guy’s money (“I think when you spread the wealth around, it’s good for everybody”) and and give it to more deserving people, that is, Democrats.
They express a more angry, heated and emotion-only based version of an argument made by Thomas Frank in What’s The Matter With Kansas? How Conservatives Won the Heart of America. He argues that non-rich supporters of GOP candidates vote against their own economic interests. Obama and others say the same thing only they remove any semblance of civility, reason or fact. (That “the rich” don’t pay their fair share of income and other taxes is absurd considering the federal income tax burden borne by the top 5% of American wage earners, roughly 60%of all federal income taxes paid in 2009). However, with the President’s approval ratings below Jimmy Carter’s bitter demagogic behavior from him and his trickling supply of supporters is not shocking in the least.
Leon Cooperman, worth an estimated $1.8B, and former Obama supporter recently issued an open letter to President Obama expressing his concern for the political tone the President is setting (echoed by that author by the way). I’m sure he will now be purged from the party for heresy and added to the list of nasty greedy rich people. I excerpt two paragraphs from the full letter found here:
But what I can justifiably hold you accountable for is your and your minions’ role in setting the tenor of the rancorous debate now roiling us that smacks of what so many have characterized as “class warfare”. Whether this reflects your principled belief that the eternal divide between the haves and have-nots is at the root of all the evils that afflict our society or just a cynical, populist appeal to his base by a president struggling in the polls is of little importance. What does matter is that the divisive, polarizing tone of your rhetoric is cleaving a widening gulf, at this point as much visceral as philosophical, between the downtrodden and those best positioned to help them. It is a gulf that is at once counterproductive and freighted with dangerous historical precedents. And it is an approach to governing that owes more to desperate demagoguery than your Administration should feel comfortable with.
With due respect, Mr. President, it’s time for you to throttle-down the partisan rhetoric and appeal to people’s better instincts, not their worst. Rather than assume that the wealthy are a monolithic, selfish and unfeeling lot who must be subjugated by the force of the state, set a tone that encourages people of good will to meet in the middle. When you were a community organizer in Chicago, you learned the art of waging a guerilla campaign against a far superior force. But you’ve graduated from that milieu and now help to set the agenda for that superior force. You might do well at this point to eschew the polarizing vernacular of political militancy and become the transcendent leader you were elected to be. You are likely to be far more effective, and history is likely to treat you far more kindly for it.
It is odd how similar that author’s recent polemics (monolithic selfish wealth) mirror the very same rhetoric from President Obama that is lamented in this open letter. It would be nice if Obama can change his tone and appeal to our better angels rather than demonize for short term political gain, but, like pretty much all of the change promised by President there appears little reason to hope for it.