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Old 08-20-2012, 05:59 AM
 
5,663 posts, read 4,379,703 times
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I've just read this article and I was wondering what people on here thought of it?

BBC News - How Americans view wealth and inequality

Viewpoint by Dan Ariely Professor of behavioural economics, Duke University, USA
Quote:
There have been lots of questions and discussions recently about inequality and economists often argue about what is the right level of inequality to have in society.
But Mike Norton, professor at Harvard Business School, and I decided to take a different path and we decided to ask people what inequality they would want.
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Old 08-20-2012, 06:04 AM
 
4,260 posts, read 2,979,198 times
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I like things the way they are ( or used to be ) Those who work hard and play smart win the medal. Those who refuse to try to do either reap the rewards of what they didnt do , and that is nothing.
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Old 08-20-2012, 06:35 AM
 
Location: Colorado
1,968 posts, read 1,986,663 times
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Given the extreme income inequality we have now and how the country has regressed since Reagan, I'm working to get Democrats elected who will reverse this anti-democratic, pro-poverty situation.
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Old 08-20-2012, 07:29 AM
 
Location: Austin
29,554 posts, read 16,514,027 times
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This is a totally flawed exercise. It's useless because it asks the wrong questions.
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Old 08-20-2012, 07:30 AM
 
Location: Austin
29,554 posts, read 16,514,027 times
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Quote:
Originally Posted by artisan4 View Post
Given the extreme income inequality we have now and how the country has regressed since Reagan, I'm working to get Democrats elected who will reverse this anti-democratic, pro-poverty situation.
Given the extreme income inequality we have now and how the country has regressed since Reagan, I'm working to prevent Democrats from getting elected because they have perpetuated our anti-democratic, pro-poverty situation.
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Old 08-20-2012, 07:33 AM
 
Location: Vermont
10,313 posts, read 11,242,286 times
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Quote:
Originally Posted by Roadking2003 View Post
This is a totally flawed exercise. It's useless because it asks the wrong questions.
He clearly asked the right questions for what he wanted to find out.

What questions do you think he should have asked? Do you think the results would have told us something different, and, if so, what?
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Old 08-20-2012, 07:41 AM
 
14,253 posts, read 15,350,468 times
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The problem with this type of study is that it focuses on what people want from society rather than what they are willing to contribute to achieve it.
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Old 08-20-2012, 07:43 AM
 
66,592 posts, read 30,402,539 times
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Quote:
Originally Posted by Jaggy001 View Post
The problem with this type of study is that it focuses on what people want from society rather than what they are willing to contribute to achieve it.
Exactly.
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Old 08-20-2012, 07:46 AM
 
79,556 posts, read 33,727,711 times
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The problems happen when someone decides there is a proper level then they try to artificially get there. People then do things to counter that. We then have a mess.
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Old 08-20-2012, 07:49 AM
 
Location: Austin
29,554 posts, read 16,514,027 times
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Quote:
Originally Posted by jackmccullough View Post
He clearly asked the right questions for what he wanted to find out.
Yes, he did, because he knew what he wanted to find out. That's the point. He asked questions to confirm his agenda.


Quote:
What questions do you think he should have asked? Do you think the results would have told us something different, and, if so, what?
Yes, quite different. When you ask someone how wealth should be distributed and tell them they could be in any category, any intelligent person would respond "everyone should be rich". Why would anyone respond "some people should be poor" when they could be in that category? It's a silly question with useless results. I would love to have everyone in the world wealthy enough to live comfortably. Who wouldn't? But that's like asking if you support motherhood and apple pie. Silly.

A much better question would be about how wealth should be attained. Ask people if wealth should be shared evenly regardless of how hard someone works or even if they don't work at all(kinda like socialism), or should their wealth be determined by their efforts (kinda like capitalism).

But the columnist was obviously not interested in that information. He was looking for a survey to bolster his agenda for government controlled wealth redistribution.
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