I’m amused when accused of being on the Right, on the Left, or somewhere In-Between. It’s not that simple, depending on the issue I can be on any compass point. For example, I’m in favor of the ideological goals of socialism because they are well meant and favor the less privileged sectors of society. I’m against the practical implementation of socialism because it does not work. It violates human instincts, to make it work you need a superior caste to domesticate the lower caste, the antithesis of equality.
BTW, lots of rich people who realize that they cannot take it with them, dedicate their wealth for the good of humanity. One of my favorites is Andrew Carnegie.
Spoiler alert: According to this presentation, the reasons are self-serving
Why Old Money Supports the Left
On a first glance it does not make sense why old money supports the left. In this video, we explore a counterintuitive but increasingly visible phenomenon: why “old money” elites—those with generational wealth and established influence—tend to support progressive or left-leaning causes. Diving deep into history, psychology, and economic strategy, we analyze how this alignment reflects a desire to maintain social capital, secure long-term stability, and avoid disruptive populist movements. We’ll also examine the cultural shifts that have influenced this trend, including philanthropy, status signaling, and the strategic preservation of wealth. By the end, you’ll have a clearer understanding of how class, influence, and ideology intersect in the political sphere.
Socially it is a wish for beneficial rights. Not gun rights.
Economically the wealthy in some industries want to build factories in the US.
Some wealthy folks do not benefit from factories directly and want tax cuts for themselves.
Indirectly and directly every benefits from demand-side economics.
The wealthy pay a cost at the end of a cycle. Supply-side economics now costs the wealthy. The exchange of intellectual capital elsewhere on the globe hurts most industries. This means those indirectly made wealthy retooling America lose the public consumers. For instance, car insurers are beaten down in their pools when fewer people are middle class.
If you were hired by an insurer to code for them, you would be beaten down as well.
Agreed. And it’s even more admirable when those with wealth and power use it for mankind’s benefit while still alive rather than waiting until they slough off their mortal coils.
Reminds me of the story of W C Fields: late in life, he was observed reading a Bible. When asked about his sudden embrace of religion, Fields supposedly said “looking for loopholes”.
The Secret Behind Rockefeller’s Wealth That Won’t Die
John D. Rockefeller is often remembered as Rockefeller: the world’s first billionaire**, but there’s much more to his story than meets the eye. In this video, we dive deep into how Rockefeller built his trillion-dollar oil empire and explore his influence on modern industries like medicine. In fact, there’s much discussion on how John D. Rockefeller created western medicine.
The Captain
** Maybe they never heard of Mayer Amschel Rothschild
BTW, Americans pronounce it Roths Child but the name derives from a red shield, Roten Schild
The name can be traced back to a sixteenth-century ancestor of Mayer Amschel Rothschild (1744-1812), Isaak Elchanan, who took the name Rothschild from a small house he occupied at the southern end of the Judengasse called zum Roten Schild (‘House at the Red Shield’). When his grandson, Naftali Hirz moved to the Hinterpfann (a tenement in the back of a house at the northern end of the Judengasse) in 1664, he took the name Rothschild with him.
