It is election day.On the ballot is a call to repeal the estate tax for all Americans,including the wealthiest members of the United States.As a political scientist studying voting behavior,Dana is puzzled why middle- and low-income voters would vote to repeal the tax.What might Dana conclude if the repeal passes?

Question

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Dana might conclude that middle- and low-income voters are wishful thinkers and assume that they will have an estate to pass on to their heirs. The repeal of the estate tax would benefit the very wealthy the most, but it is possible that many voters believe they will also benefit from the repeal, despite not having estates large enough to be subject to the tax. This would be a form of optimistic bias, where individuals overestimate their own likelihood of success or future wealth.

It Is Election Day