Poll shows America’s millionaires back Harris over Trump — even the over-60s
America’s wealthy classes are supporting Kamala Harris this November, according to new research, despite Donald Trump’s previous record of tax cuts for the rich.
The Arton Capital Affluence & Elections Survey polled 1,031 Americans with a net worth of at least $1 million. The survey found that 52 per cent of millionaires will be voting for Harris next month, with just 42 per cent for Trump.
This marks a 10-point lead for Harris among some of America’s wealthiest voters. For comparison,the latest national polls are showing a 2 to 3 point lead for Harris overall.
Millionaires make up approximately 7 per cent of the population. Those millionaires who have over $5 million in assets are more evenly split on Harris (45 per cent) and Trump (44 per cent) than those with less. Over one in ten still unsure of how they will vote (11 per cent).
Harris has the strongest lead among millennial millionaires, 61 percent of whom will vote for the Democratic candidate (with Trump at 35 percent).
Just 4 percent of millionaires surveyed were in Gen-Z; but this generation is the more likely to lean to Trump, with a 17-point lead over Harris. It’s important to note that the small sample size of young millionaires means that this demographic is likely to be skewed.
Another surprising finding from the survey is that a third of America’s wealthy are considering leaving the US if Trump wins the election; with another third considering an exit if Harris wins. It appears that, though wealthy voters are leaning to Harris in this election, both possible presidencies are sending alarm bells with regards to the economy and taxation.
Around half of all millionaires are concerned about tax increases under both Trump and Harris governments. This