Most rich businesspeople can’t vote Republican because they are disgusted by the prole values that Republicans stand for. Anti-abortion? Anti-birth control? Anti-gay? Climate change deniers? No way are rich businesspeople who want to be part of polite society going to vote for that stuff. The Democrats are the only viable party to vote for. But why do the Democrats have to be so anti-business?
Well, as explained in a NY Times article, rich businesspeople in Silicon Valley are doing something about it. They are putting huge money behind Ro Khanna, a Democratic Indian lawyer who is mounting a primary challenge against the incumbent Michael Honda.
Honda is a Japanese-American Democrat of old-fashioned pro-poor liberal views.
Khanna “favors changes to tax policy suitable for a global economy, including ones that would make it easier for American companies to repatriate overseas profits without being taxed under certain conditions.”
In other words, multinational corporations who have been evading the spirit of the tax law by keeping their profits overseas should be given a tax holiday and rewarded for it. That’s exactly the stuff that Republicans traditionally support.
I skimmed this article, but didn't notice what LotB keyed in on: the priority in putting Khanna in the House is to the be point man for another massive rip off of the American taxpayers. (Here's my 2011 post on how Microsoft uses Puerto Rico, Ireland, and Singapore to avoid paying corporate income tax.)
Khanna is a patent lawyer, so no doubt he'll come in handy in intellectual property wars down the road, as well.
I think that as the Republicans become a Christian party that can only wins elections in Bible Belt states, we will see the Democratic Party split apart, into a pro-business SWPL/bobo wing, and another wing representing blacks and Hispanics