Friday, August 12

The rich are different — and not in a good way, studies suggest


the philosophical battle over economics, taxes, debt ceilings and defaults that are now roiling the stock market is partly rooted in an upper class "ideology of self-interest."
In other words, rich people are more likely to think about themselves. “They think that economic success and political outcomes, and personal outcomes, have to do with individual behavior, a good work ethic,” said Keltner, a professor of psychology at the University of California, Berkeley.
Because the rich gloss over the ways family connections, money and education helped, they come to denigrate the role of government and vigorously oppose taxes to fund it.Then there is the problem of Tea Partiers’ own class position. While they are funded by the wealthy, many do not identify themselves as wealthy (though there is dispute on the real demographics). Still, a strong allegiance to the American Dream can lead even regular folks to overestimate their own self-reliance in the same way as rich people.
most people could quickly tell you how much they paid in taxes last year but few could put a dollar amount on how they benefited from government by, say, driving on interstate highways, taking drugs gleaned from federally funded medical research, or using inventions created by people educated in public schools.

There is one interesting piece of evidence showing that many rich people may not be selfish as much as willfully clueless, and therefore unable to make the cognitive link between need and resources. Last year, research at Duke and Harvard universities showed that regardless of political affiliation or income, Americans tended to think wealth distribution ought to be more equal.
The problem? Rich people wrongly believed it already was.
article makes a lot of bold claims that make me wonder how much of it is actually true. for instance nothing is said of what constitutes "rich" which could definitely skew results. Too bad they don't link to any of the sources