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🤑 Seeing rich people increases support for wealth redistribution, study finds
#inequality

Seeing rich people increases support for wealth redistribution, study finds
If people do not observe inequality, they are less likely to favor policies that redistribute wealth, such as taxation—but they are also more satisfied with their lot, according to online experiments involving 1,440 US-based participants.

Yet more proof that our collective resources are being spent on the wrong things. #climatechange #inequality

In 1920, Charles Garland,
the wealthy heir to a banking fortune, made newspaper headlines for doing the unthinkable:
he declined to accept an inheritance of more than a million dollars from his late father’s estate. 
Garland was disillusioned by the era’s gross #inequality
— the top 10 percent of American income earners took in half the country’s annual national income.
Garl…

‘The Radical Fund’: How a spurned inheritance fueled progressive change
In his new book, Yale’s John Fabian Witt details how a little-known foundation funded by a wealthy banking heir sought to bring about a more just society in the first half of the 20th century.