The 68%: Polls Are Finding Support for a Millionaires Tax

Two polls, one of millionaires and one of everyone, have both found 68 percent support for a millionaires surtax. "68 percent of millionaires (those with investments of $1 million or more)  support raising taxes on those with $1 million or more in income. Fully 61 percent of those with net worths of $5 million or more support the tax on million-plus earners," reports the Wall Street Journal, citing a study from Spectrem Group--a consulting firm that focuses on the affluent and retirement markets. If "68 percent" sounds familiar, it's because last week's National Journal poll regarding the Democratic proposal for a millionaire tax found that "a whopping 68 percent of adults support the Democratic surtax to pay for the cost of their jobs plan." So basically, 68 percent of America's 1 percent, totally agrees with the 68 percent of the America's 99 percent (taking into account that NJ's poll didn't discern between income brackets)? That might be the sound of common ground (or a blogger trying his best to crunch numbers).