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The elite don’t hand out resources like the rest of us

Accepted submission by AnonTechie at 2015-09-20 21:01:37
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Economic inequality in the US has drawn attention to the attitudes and behaviours of the elite, as those who are educated in the top universities are both likely to start out wealthy and disproportionately likely to have an impact on the future of this country. To examine how this elite class would manage societal resources, the authors of a paper published in Science studied a group of Yale Law School students.

The findings indicate that they’re more likely to make economic choices based on increasing the overall wealth of the nation rather than on increasing income equality within a nation. Thus, there’s a chance we’re selecting policymakers who are unlikely to address this issue.

The findings suggest that, perhaps due to their training or their disposition, the people most likely to end up making policy are less inclined than the general population to sacrifice efficiency for the sake of increased equality. This study adds a meaningful piece of data to the public discussion regarding income inequality and the factors that perpetuate it.

http://arstechnica.com/science/2015/09/the-elite-dont-hand-out-resources-like-the-rest-of-us/ [arstechnica.com]

[Abstract]: http://www.sciencemag.org/content/349/6254/aab0096 [sciencemag.org]

An alternative title could be "The One Percenters Don't Care About The Rest" and they have a research paper to prove it !!


Original Submission