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Study shows cash transfers from rich to poor can increase happiness of the poor
phys ^ | 11/16/2022

Posted on 11/16/2022 7:19:51 AM PST by devane617

A team of researchers at the University of British Columbia, working with two wealthy donors has found that transferring money from rich people to poor people can increase the level of happiness reported by the poor people who receive the money.

In their paper published in Proceedings of the National Academy of Sciences, the group describes experiments they conducted that involved transferring money from rich people to poor people in both rich and poor countries.

There is an old proverb that says "you can't buy happiness." But that may not be true, at least for people living at the lowest levels of modern society. Also, for many years, people have debated the impact of money on levels of happiness. Some studies have shown that the rich are no happier than everyone else.

But what such studies sometimes overlook is the impact of an increase in money on people who can benefit the most—the poor. To measure this impact, the researchers enlisted the assistance of two wealthy donors who together donated $2 million to the study. Portions of that money were then distributed to subjects.

Two hundred people were given $10,000 each with the only stipulation that they report monthly on any changes in the level of happiness they experienced due to the sudden gift. Each was also asked to fill out a final report six months later.

(Excerpt) Read more at phys.org ...


TOPICS: Chit/Chat; Miscellaneous
KEYWORDS: happiness; marxisttyranny; money; ubi; wealthtransference
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To: devane617

I continue to believe that if they took every penny from the rich and dispersed it to the poor..... in less than 10 years the money would all be back where it started.


61 posted on 11/16/2022 8:39:06 AM PST by kjam22
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To: Codeflier
People getting free money are happier? Stop the presses!

I wonder if they did a study on how the 'rich' felt about have their money stolen by the state and given to the poor to buy votes. Do tell, did it make them happier?

62 posted on 11/16/2022 8:41:04 AM PST by usurper
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To: Red Badger

the biggest problem is, not being able to be just OK...

it’s not all joy or sadness, most of the time it’s just OK, accept it


63 posted on 11/16/2022 8:50:24 AM PST by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: devane617

Consider a swimming pool where the water is money. This study would have us believe that siphoning money from the deep end to the shallow end will raise the depth. One must also consider that this wealth transfer must involve a government with the power to take from those who have to give to those who don’t. What happens when one or more of those who have accumulated their wealth says no? The government must then be despotic and ruthless and forcibly take and punish those who resist. History is full of such schemes from Marx to countries like North Korea,Cuba and Venezuela. All of these schemes of socialist utopia have failed and given way to repressive and despotic rule. Read Hayek’s “Road to Serfdom” or the works of Milton Friedman or Orwell


64 posted on 11/16/2022 8:57:52 AM PST by The Great RJ
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To: The Great RJ

History is full of such schemes from Marx to countries like North Korea,Cuba and Venezuela. All of these schemes of socialist utopia have failed and given way to repressive and despotic rule....


Good analogy....not just countries....one group of schemers is missing.....the Dems!


65 posted on 11/16/2022 9:01:16 AM PST by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
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To: devane617

Suspect being paid to do very easy and silly research makes the researchers happy too.


66 posted on 11/16/2022 9:06:37 AM PST by AndyTheBear
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To: lee martell

“And water is still wet.”

No kidding.


67 posted on 11/16/2022 9:32:20 AM PST by EastTexasTraveler
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To: devane617
I think a transfer of money from rich liberal elites to middle class Republican would make the people on this board happy for a variety of reasons.
68 posted on 11/16/2022 9:36:57 AM PST by amnestynone (We are asked by people who do not tolerate us to tolerate the intolerable in the name of tolerance.)
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To: rightwingintelligentsia

Well, the researchers were poor before they started the study. Now they are happier given the transfer of money to them to do the study.


69 posted on 11/16/2022 10:03:24 AM PST by lmsii
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To: devane617

Bill Gates should start first.


70 posted on 11/16/2022 10:19:55 AM PST by Wildbill22 ( They have us surrounded again, the poor bastards- Gen Creighton William Abrams)
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To: ElkGroveDan

Four year olds.


71 posted on 11/16/2022 10:29:19 AM PST by Wiser now (Socialism does not eliminate poverty, it guarantees it.)
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To: devane617

They actually had to do a study to show this?


72 posted on 11/16/2022 11:09:36 AM PST by itsahoot (Many Republicans are secretly Democrats, no Democrats are secretly Republicans. Dan Bongino.)
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To: Pete Dovgan
...do the rich still feel happy?

That depends if they gave the money away or it was taken through obscene levels of taxation. I'm not rich, but I'm not happy to see them take my money and give to the non-working class.

73 posted on 11/16/2022 2:11:54 PM PST by GingisK
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To: devane617

Hell,I’m not poor but you can make me happy if you hand me some of the taxpayer cash!


74 posted on 11/17/2022 4:44:39 AM PST by ballplayer
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