Only 3 in 10 rich men think wealth inequality is a problem: Survey

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The Huffington Post
By: Bonnie Kavoussi
July 26, 2012

Only 3 in 10 rich men think wealth inequality is a problem: Survey

Rich men just don't care that much about you.

Only 29 percent of rich men agree with the statement that inequality is a problem and that "the wealthy don't pay their fair share to society," according to a recent survey by the consulting firm Spectrem Group. On the other hand, 40 percent of rich women agree with the same statement.

On the whole, just 34 percent of rich people think that wealth inequality is a problem. The study considered people with investible assets of more than $100,000 rich.

These findings are quite troubling, especially given that the number of impoverished people in the U.S. is on track to reach a half-century high, according to the Associated Press.

Why do rich women care more about inequality than rich men? It could be innate. Some studies have found that women generally are more empathetic than men.

Numerous studies have also found that rich people are less empathetic than everyone else.

The rich are more likely to take candy from babies, lie, cheat, endorse unethical behavior at work and cut off pedestrians while driving, according to a study published in February in the Proceedings of the National Academy of Sciences.

Rich people also are more likely to be disinterested in the welfare of others and cheat on a test to get ahead, research has found.

In February, JPMorgan Chase CEO Jamie Dimon did not show much empathy for journalists, who get paid an average $43,780 per year. Dimon, who earned roughly $23 million last year, told reporters at JPMorgan's annual investor day that they are ridiculously overpaid. He said the percentage of newspaper company revenue paid out to employees is "just damned outrageous."

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This page contains a single entry by CFED published on July 27, 2012 6:47 PM.

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