Poll: Almost 70 Percent Of Millionaires Support Higher Taxes On Millionaires

October 27, 2011 12:30 pm ET — Matt Finkelstein

In a speech at the Heritage Foundation yesterday, Rep. Paul Ryan (R-WI) accused President Obama of "sowing social unrest and class resentment" by supporting a small surtax on income above $1 million to pay for his jobs plan, which consists primarily of tax cuts for working Americans and employers.

It turns out, however, that it's not just Obama and the "mobs" at Occupy Wall Street protests who think the richest Americans should pay their fair share. According to a new poll by the Spectrem Group, nearly 70 percent of millionaires believe millionaires should pay higher taxes. The Wall Street Journal reports:

Warren Buffett isn't the only rich guy who wants to higher taxes on the rich.

A new survey from Spectrem Group found that 68% of millionaires (those with investments of $1 million or more) support raising taxes on those with $1 million or more in income. Fully 61% of those with net worths of $5 million or more support the tax on million-plus earners.

Unfortunately, Republican leaders have already demonstrated that they are impervious to public opinion, especially on the issue of taxes. As Paul Ryan has explained, "It's an economic doctrine thing."  

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