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Here's another part that I think contributes to the "... inequality persists in part because individuals are not averse enough to inequality,” based on my own p
by aethertap 9y ago
Here's another part that I think contributes to the "... inequality persists in part because individuals are not averse enough to inequality,” based on my own perception of the situation in my part of the country.
I think people are generally less willing to share what they have when they feel insecure about their future. There is a LOT of uncertainty in front of most people at this time, and in that case the reflex is to squirrel away as much as possible for a rainy day. When you feel secure in your future, it's easy to be generous, and it takes less stuff to fee like you have a surplus. When you're worried about what the future holds, taking care of yourself and your loved ones takes precedence.
I'd look at this as an interesting data point that probably gives some kind of estimate of the combined effects of different levels of uncertainty about the future and the social views of income inequality in different places, but I don't think it's nearly as clear-cut as it seems to be in the article.