Why We Tolerate Obvious Inequality

Why do we tolerate inequality? The answer, according to a new study by economist Eugenio Proto, is for the slight chance to prosper:

“It seems that even if people believe they have just the tiniest of chances to become the next Bill Gates, it’s enough to keep them tolerant of obvious inequality,” says Proto. [...]

“When you look at it rationally, it makes no sense that people are placing such a disproportionate value on that first one percent increase in opportunity,” says Proto.
“But that slight increase in fairness seems to have some kind of symbolic meaning. It appears people are happy to accept extreme inequality when they have this tiny carrot dangled in front of them.

Link


Newest 5
Newest 5 Comments

Translation: "The super wealthy have rigged US tax/monetary policy for their own benefit, and for the detriment of everyone else. Guess there's nothing we can do about it! Better just lie down and accept it."
Abusive comment hidden. (Show it anyway.)
The current fiscal crisis is a crisis of demand. Large corporations have more cash on-hand than ever before...so why haven't they been hiring? That's right: NO DEMAND. That is the most basic fact one needs to understand about our current economic situation. Trickle-down economics is a joke, and only the uninformed still tout its merits.

How, exactly, has Socialism has been proven ineffective? Are you perhaps ignoring the fact that the most prosperous (per capita), most well-educated, and healthiest countries on earth (moreso than the US in all respects) sway heavily towards socialist policies?

And, please, your examples are terrible. Not every company will invent a product that completely changes the way the world operates. In fact, the overwhelming majority won't. Also, apple didn't create a demand for music delivery devices; the demand was already there. Nor did they create the first mp3 player. All they did was grab a majority of a pre-existing demand.
Abusive comment hidden. (Show it anyway.)
Life is not fair and there will never be any such thing as income equality. Utopia does not exist. The only thing we can guarantee by pursuing income "equality" and "fairness" is an equal share of misery.
Abusive comment hidden. (Show it anyway.)
"The only thing we can guarantee by pursuing income “equality” and “fairness” is an equal share of misery."

There are plenty of miserable people under the current scheme of things.
Abusive comment hidden. (Show it anyway.)
Commenting is closed.





Check out Twaggies' first animated clip:

Grammar Nazi's Rock? Twaggies by twaggies
Email This Post to a Friend
"Why We Tolerate Obvious Inequality"

Separate multiple emails with a comma. Limit 5.

 

Success! Your email has been sent!

close window