Why the Poor Oppose Income Redistribution
Public support for income redistribution policies during the recession plummeted, especially among the poor. Why are so many acting against their own economic self-interest?
What's the Latest Development?
With Occupy Wall Street getting more attention every day, it may seem as though Americans are ready for income redistribution policies instead of tax breaks for the wealthy. Or maybe not. Data shows that public support for redistribution has dropped steadily during the recession: "For years, the General Social Survey has asked individuals whether 'government should reduce income differences between the rich and the poor.' Agreement with this statement dropped dramatically between 2008 and 2010, the two most recent years of data available."
What's the Big Idea?
Why do people seemingly act against their own economic self-interest by opposing income redistribution policies? Princeton economics professor Ilyana Kuziemko says people nearest the bottom are afraid redistribution will allow their neighbors to catch up or even leapfrog their own achievements. The phenomenon is known as 'last place aversion'. Still, Kuziemko says that by focusing its ire on the super-rich, Occupy Wall Street may overcome people's tendency to fear being outpaced by those immediately below them.
A federal judge ruled that the Trump administration likely violated the reporter's Fifth Amendment rights when it stripped his press credentials earlier this month.
- Acosta will be allowed to return to the White House on Friday.
- The judge described the ruling as narrow, and didn't rule one way or the other on violations of the First Amendment.
- The case is still open, and the administration may choose to appeal the ruling.
Progressive America would be half as big, but twice as populated as its conservative twin.
- America's two political tribes have consolidated into 'red' and 'blue' nations, with seemingly irreconcilable differences.
- Perhaps the best way to stop the infighting is to go for a divorce and give the two nations a country each
- Based on the UN's partition plan for Israel/Palestine, this proposal provides territorial contiguity and sea access to both 'red' and 'blue' America
New research identifies an unexpected source for some of earth's water.
- A lot of Earth's water is asteroidal in origin, but some of it may come from dissolved solar nebula gas.
- Our planet hides majority of its water inside: two oceans in the mantle and 4–5 in the core.
- New reason to suspect that water is abundant throughout the universe.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.