Why does Wall street support the party of high taxes and regulations?

NY Times:

Wall Street Donors Are Swooning for Mayor Pete. (They Like Biden and Harris, Too.)

Joe Biden, Pete Buttigieg and Kamala Harris are generating the most buzz, but for different reasons. Hometown candidates like Kirsten Gillibrand and Bill de Blasio are stirring less excitement.
One of the eternal mysteries of politics is why Wall Street and business leaders support Democrats.  Democrat policies are tied to high taxes and regulations which put a damper on growth.  Obama gave them eight years to stagnations and they appear to be supporting candidates who want to return to those failed policies.   Are they tired of the prosperity brought by Trump's policies?

Comments

Popular posts from this blog

Russia attacking Iranian forces in Syria

Shortly after Nancy Pelosi visited Laredo, Texas and shook hands with mayor of Nuevo Laredo this happened