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Do Most Americans Favor Radical Wealth Redistribution?
Daily Finance ^ | October 24, 2010 | BRUCE WATSON

Posted on 10/25/2010 8:20:48 AM PDT by rightwingintelligentsia

Americans love competition. From media heroes to sports teams, fictional characters to starving artists, the nation's cultural mythology teems with tales of desperate struggles and victorious underdogs. What's more, Americans like to reward their scrappy heroes with fame, wealth and all the trappings of success.

This was borne out by an academic study in which the majority of respondents advocated an unequal division of national wealth, with more cash going to the rich and upper middle class and less going to the poor and working class in an ideal state. These findings aren't surprising: unequal distribution spurs competition, and great rewards spur great achievement. What is shocking, however, is the degree of inequality that most respondents preferred: 92% of respondents expressed a desire to replace America's wealth distribution system with one much closer to Sweden's.

Sweden has long been vilified by pundits who are concerned about government intervention in the market and "socialist" programs to redistribute wealth. Surprisingly, however, the notoriously left-leaning country is also home to a very popular model for wealth distribution. In 2005, Harvard University's Michael I. Norton and Duke University's Dan Ariely polled a cross-section of 5,522 citizens about their preferences for wealth division. Their results, which they recently published in "Building a Better America - One Wealth Quintile at a Time," demonstrate that most Americans have a severely skewed vision of America's wealth distribution, and a surprisingly radical outlook on where the country's money should actually go.

(Excerpt) Read more at dailyfinance.com ...


TOPICS: Government; Politics/Elections
KEYWORDS: redistribution; socialism

1 posted on 10/25/2010 8:20:55 AM PDT by rightwingintelligentsia
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To: rightwingintelligentsia

Yes. End entitlements and return the money to those who earn it.


2 posted on 10/25/2010 8:22:29 AM PDT by Psalm 144
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To: rightwingintelligentsia

Given that the percentage of moochers grows constantly, it would not surprise me at all if a majority of “Americans” favor wealth redistribution.


3 posted on 10/25/2010 8:22:47 AM PDT by pnh102 (Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
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To: rightwingintelligentsia

I dunno. Why not count those who benefit?


4 posted on 10/25/2010 8:23:57 AM PDT by skeeter
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To: rightwingintelligentsia

I would say that in general about 30% of the population believes in this (though in a couple of states I think we are dangerously close to the tipping point).

One reason I keep expecting Obama to impose revenue sharing and a salary cap on Major League Baseball. What better way to make his case than to demonstrate that the only way to save America’s National Pastime is....Socialism!


5 posted on 10/25/2010 8:26:04 AM PDT by Buckeye McFrog
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To: Psalm 144

So? They want to penalize those who created a dream, scrimped and saved? Or the generations after them who didnt squander the wealth? That is their dream in redistribution.

Actually , its part of destroying the fiber that built this nation. Perhaps, they should redirect this talk to the new fastest growing, largest consumer society......China!

Out with these criminals!


6 posted on 10/25/2010 8:27:20 AM PDT by himno hero (o)
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To: Psalm 144
The old story, We split all the money among the people. Then someone says the same people will have the all the money shorty, then what?

Then we redivide evey Saturday.

7 posted on 10/25/2010 8:27:47 AM PDT by scooby321
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To: scooby321

Exactly.


8 posted on 10/25/2010 8:28:25 AM PDT by Psalm 144
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To: scooby321

it is called the estate tax - redivide radically every generation


9 posted on 10/25/2010 8:35:22 AM PDT by Triple (Socialism denies people the right to the fruits of their labor, and is as abhorrent as slavery)
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To: pnh102

“Given that the percentage of moochers grows constantly, it would not surprise me at all if a majority of “Americans” favor wealth redistribution.”

That’s what I am afraid of, too. And with our useless schools refusing to teach Americanism and instead indoctrinating kids into good little communists, it is getting worse.


10 posted on 10/25/2010 8:47:25 AM PDT by Mobile Vulgus
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To: rightwingintelligentsia

Yes. From the federal govt back to the people.


11 posted on 10/25/2010 8:55:53 AM PDT by Free Vulcan (No prisoners, no mercy. 2010 is here...)
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To: rightwingintelligentsia

If you take an average group of wealthy, middle class and indigent people and redistribute the money, the wealthy people will likely end up wealthy and the formerly poor will get back to poverty within a few years. This is how nature works. We are created that way.

That said, America is heading the redistributive way inevitably. A GOP win in the near term is likely to be a mere speedbump for the process.


12 posted on 10/25/2010 8:59:40 AM PDT by Saberwielder
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To: Buckeye McFrog

Shhhhh!

Don’t give the fool any ideas. He very likely has his useful idiots monitor FR for any juicy tidbits.


13 posted on 10/25/2010 9:25:39 AM PDT by GulchBound (Who owns you?)
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