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5 posts tagged with wealth and America. (View popular tags)
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"Elites preying on the weak, the gullible, the marginal, the poor."

"We condition the poor and the working class to go to war. We promise them honor, status, glory, and adventure. We promise boys they will become men. We hold these promises up against the dead-end jobs of small-town life, the financial dislocations, credit card debt, bad marriages, lack of health insurance, and dread of unemployment. The military is the call of the Sirens, the enticement that has for generations seduced young Americans working in fast food restaurants or behind the counters of Walmarts to fight and die for war profiteers and elites."
-- War is Betrayal. Persistent Myths of Combat, an essay by Chris Hedges of Truthdig. Responses within. [more inside]
posted by zarq on Aug 9, 2013 - 57 comments

Last-Place Aversion: Why America's Poor May Not Be as In Favor of Taxing The Rich as You'd Think

Poverty may be miserable. But being able to feel a bit better-off than someone else makes it a bit more bearable. Economists from the National Bureau of Economic Research suggest that people near the bottom end of financial inequity are less likely to be in favour of programs that will help increase their income if those programs will also help those lower on the scale than they are.
...the authors of the new paper argue that people don’t like to be at the bottom. One paradoxical consequence of this “last-place aversion” is that some poor people may be vociferously opposed to the kinds of policies that would actually raise their own income a bit but that might also push those who are poorer than them into comparable or higher positions. The authors ran a series of experiments where students were randomly allotted sums of money, separated by $1, and informed about the “income distribution” that resulted. They were then given another $2, which they could give either to the person directly above or below them in the distribution. The people who were a spot away from the bottom were the most likely to give the money to the person above them..
This may also explain why Warren Buffet's cry to stop coddling the rich (previously) will continue to fall on deaf ears.
posted by asnider on Aug 16, 2011 - 137 comments

Being poor is people who have never been poor wondering why you choose to be so.

Being Poor ... what it actually entails. More from Body and Soul, and from Making Light, and from here's a whosit. And this article, in which ...they were trying to rescue people with a helicopter and the people were so poor they were afraid it would cost too much to get a ride and they had no money for a "ticket." Dupree was shaken telling us the story. He just couldn't believe these people were afraid they'd be charged for a rescue. ...
posted by amberglow on Sep 11, 2005 - 35 comments

The 50 richest members of US Congress,

The 50 richest members of US Congress, each with a net worth ranging from $3.3 mil to $675 mil. Looks like a mostly even mix among the parties, with a heavy California contingent.
posted by mathowie on Aug 13, 2002 - 29 comments

America the Polarized

America the Polarized NYT's Paul Krugman says that Congress is polarized because Republicans have moved to the right, while Democrats have remained fairly constant. He (and a political scientist) attribute the change to economic polarization, the sharply widening inequality of income and wealth.
posted by pmurray63 on Jan 6, 2002 - 24 comments

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