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Democrats paint themselves as the party looking out for the little guy and more interested than Republicans in representing the poor and their best interests.
But according to Ken Fisher, the founder and executive chairman of Fisher Investments, best-selling author and one of the richest men in the United States, a USA Today study released earlier this month that shows the economic profile of all 50 states, ranked by household income, reveals much more.
Fisher - Profile - States - Something - Truth
When Fisher read what he called “a breathtaking economic profile” of the states he found in it something that was “embedded” in it that reveals what he believes is “arguably the greatest unseen political truth of our time.”
USA Today headlined its story reporting on its findings: “Wealth in America: Where are the richest and poorest states based on household income?”
Fisher - Commentary - Study - USA - Today
But Fisher headlined his commentary about the study published in USA Today on Sunday: “Midterms: Poorest states have Republican legislatures, and richest have Democratic ones.”
“Fathom it, and you will see how politics may unexpectedly affect economics and wealth for years to come,” Fisher wrote.
Income - Rankings - West - Virginia - Maryland
Though income drives the rankings from poorest (West Virginia) to richest (Maryland), the list also includes population, unemployment and poverty rates. To unlock the political secret in these data points, cross-reference them with figures available from the National Conference of State Legislatures (NCSL) showing which party controls state legislatures.
What you see is exactly the reverse of our cultural mythology: Heading into midterms, Republicans are very much the party of the poor and Democrats are the party of the rich. This seemingly sounds nuts. It isn’t. Thirty-two states have Republican-controlled legislatures.
Eighteen - States - Chambers - Republican - New
Eighteen of the 19 poorest states have legislatures where both chambers are Republican controlled. New Mexico (46th richest, fifth poorest) is Democratic. But there isn’t another blue or purple state until you get to purple Maine (31st...
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