Friday, September 05, 2008

What Do Democrat's at The Convention Think?

James Pethokoukis has a series of polls on the economy from attendants of the Democratic convention. Here are the results of the three polls he has blogged about so far (n=24):
How much money a person had to make a year to be considered "rich?" Their choices were $250k or more, $500k or more, $750k or more, or $1 million or more.
38 percent said $250k
13 percent said $500k
25 percent said $750k
25 percent said $1 million

Is the economy in expansion, recession, or depression?
12 percent said "expansion"
25 percent said "recession"
63 percent said "depression"

"What should 'the rich' pay in income taxes?"
50 percent said "25 percent"
25 percent said "20 percent"
12 percent said "30 percent"
12 percent said "35 percent"
Note: I have taken survey's of students at the end of my economics course with some interesting results. Students seem to think $100K is rich, with a minimum of $30K. Also, note that JP's poll has a sample size of 24, and you need at least 30 to asymptotically approach the normal distribution.

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