January 9, 2012

Want More Equality? Stop Beating Up The 1%

Bryan Caplan, EconLog

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Until 2008, was the trajectory of a career in finance one of more respectability or less? Did a Wall Street financier in 1970 have more respect than one in 2005?

Do you have any sense of how the attitudes towards the rich have changed along with inequality? For example, how were CEO's viewed during the 1950's? I'm way too young to have any kind of idea.

The country which gave the world Lifestyles Of The Rich And Famous and a plethora of reality shows idolizing the wealthy is not beating up on the 1%. When the 1% blew up the world's economy, they were the ones who got bailed out. I find little objective evidence that the 1% gets beat up much. In the 80s, 90s and aughts, the wealthy received constant accolades. The results seem pretty obvious. Look at who gets on the...

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TAGGED: Wealth Gap, Bryan Caplan

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