Having never held a steady job until his forties, Investors Business Daily appropriately named Bernie Sanders “the bum who wants your money.”
We already know that support for redistribution moves in opposite of income (that is, as people earn more, they’re less likely to support socialistic policies), so we already have a good idea of who is likely to support Bernie.
The media has made a big deal of Bernie’s youthful following, and Bernie has repeatedly mentioned the numerous small donations he’s raised, but lets take a look at who those people are. As Bloomberg reports:
A major chunk of Bernie Sanders’ record fundraising is coming from an unlikely source: people without jobs.
Sanders raised more than $16 million in 2015 from more than 235,000 people who identified themselves as either unemployed or retired, according to filings with the Federal Election Commission. Almost all of it has come through ActBlue, an online platform for making political donations to Democrats.Sanders has raised more money than any candidate—Republican or Democrat—except for Hillary Clinton. And he’s done it while railing against the billionaire class and their influence on politics. Nearly three-quarters of the $73 million that the self-declared democratic socialist has raised has come from donations of $200 or less. In contrast, of the $108.9 million Clinton has raised, 17 percent has come from small donors. To no surprise, they’re mostly a bunch of bums you want your money.
[Note: This post was authored by The Analytical Economist]