Sunday, 29 July 2012

Why Do Americans Accept Wealth Inequality?

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The belief in individual choice affects beliefs about wealth inequality…

It is clear that many Americans who are not in wealthiest 20% support policies that maintain the inequality in the distribution of wealth. Over the past fifteen years, tax rates have been cut across the board and attempts to increase tax rates on the wealthiest 1 to 2% of Americans have been blocked. The politicians who have blocked these tax increases have been re-elected. Clearly, many people are voting for these candidates, suggesting that there is broad support for the current inequality in wealth.

Why is that?

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