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Originally posted on January 6, 2015.
University of Warwick economist Andrew Oswald—someone who creatively bridges economics and psychological science, as in his studies of money and happiness—offers some fascinating recent findings on his website:
This finding syncs with earlier findings that inequalities breed their own justification. Upper-class people are more likely than those in poverty to see people’s fortunes as earned, thanks to their skill and effort—and not as the result of having connections, money, and good luck.
Such findings also fit U.S. political surveys showing that high income individuals are more likely to vote Republican...despite—here’s a curious wrinkle to ponder—high income states being less likely to vote Republican. We might call this “the wealth and politics paradox”—poor states and rich individuals vote conservative. Care to speculate why this difference?
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