Billionaires back Joe Biden, from Tampa Free Press. Tampa Bay local press and national news.
Turns out the 0.02% of Americans who live in Americas 10 most expensive zip codes, donate overwhelmingly to Biden, making up 7% of his total donations, 300x more than proportion to everyone else, just these 10 ultra wealthy zipcodes.
https://www.tampafp.com/donors-richest-codes-america-support-behind-biden/Donors From The Richest Zip Codes In America Are Throwing Their Support Behind Biden
President Joe Biden’s primary fundraising arms have received an outsized amount of support from the most expensive zip codes in the country, according to a Daily Caller News Foundation analysis of Federal Election Commission (FEC) records.
The 10 most expensive zip codes by median home value, which accounted for just 0.02% of the population in 2020, were responsible for 7.6% of this year’s donations to the Biden campaign and the Biden Victory Fund, which are the primary committees used by the president’s reelection effort, according to data from the United States Census Bureau and the FEC. The roughly 81,000 people living in those zip codes donated 311 times more to Biden than would be proportionate to their share of the population.
Median home prices in these zip codes range from $4.25 million in Rancho Santa Fe, California, on the low end, and up to $7.95 million in Atherton, California, on the high end, according to the Times. The median price of a house in the United States was $412,000 as of September, according to Forbes.
Democrats have been bleeding working-class voters since 2016, though have made up their losses by appealing to higher-income voters and college graduates, according to Axios.
Working-class congressional districts have begun electing more Republicans to represent them, while Democrats have started picking up wealthier districts, Axios reported. Democrats represented nine of the 10 wealthiest congressional districts as of 2022.
