Patrimony at risk : Market risk and right-wing voting

The current literature suggest that financial assets push investors to votefor conservative parties given that right-wing policies is said to generate higher returns. Another popular argument is that wealth reduces demand for welfare spendinggiven that private assets can be used as a substitute for social benefits. What I askin this study is if asset owners always support right-wing parties and a trimmed welfare state. I argue that owners of financial assets become less tempted by free-marketpolicy offerings when there is uncertainty in financial markets. The dot-com bubble,the financial crisis, and most recently the massive impact on financial markets of thecoronavirus show that savings can evaporate in a matter of days. I show that the support for right-wing parties decreases in areas with much financial assets under suchconditions.