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The Democratic Strategist

Political Strategy for a Permanent Democratic Majority

TDS Co-Editor Ruy Teixeira: Public Wants More Wealth-Sharing

In this week’s edition of his ‘Public Opinion Snapshot,’ TDS Co-Editor Ruy Teixeira clears up any lingering confusion about what the public wants to do about festering economic inequality. Teixeira explains:

In the most recent NBC/Wall Street Journal poll, 76 percent agreed and 60 percent strongly agreed that “The current economic structure of the country is out of balance and favors a very small proportion of the rich over the rest of the country. America needs to reduce the power of major banks and corporations and demand greater accountability and transparency. The government should not provide financial aid to corporations and should not provide tax breaks to the rich.”

As Teixeira says, “That’s impressively high support for such a strong statement.” And it’s not just one poll:

Along the same lines, in a new poll from the Public Religion Research Institute, 60 percent agreed that “our society would be better off if the distribution of wealth was more equal,” compared to just 39 percent who disagreed. And, by 63 percent to 33 percent, respondents agreed that “we need to dramatically reduce inequalities between rich and poor, whites and people of color and men and women.”

No doubt, GOP defenders of preserving extreme wealth for their cronies will find these polls disturbing. As Teixeira says, “Conservatives are frantically trying to convince the public that this whole inequality thing is overblown. These data suggest their arguments aren’t getting much traction.”

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