Who says the wealthy aren't liberals?

A while back, I read this:

"Sure, Harvard has some professors who make Sen. Ted Kennedy look like a founding member of the Moral Majority. Yet, as a whole, the institution is extremely conservative.

This is evidenced by the fact that its rich and powerful alumni continue to donate zillions of dollars to the school each year. Surely, these privileged people aren’t donating money to a school bent on destroying the social order. They may be eccentric, but they’re not crazy."

At about the same time, I read something like the WSJ report described here by Professor Bainbridge, the gist of which is "how the Democrats have become the party of the elites and the GOP the party of the working middle."

It struck me at the time there is some conflict between these two points of view.