Inside the Billion-Dollar Brain:

Jun 2014
United States
3 Attitudes That Explain Their Selfish Behavior
Why the rich don't care about jobs for the rest of us.

Inside the Billion-Dollar Brain: 3 Attitudes That Explain Their Selfish Behavior | Alternet

1. It's All About Me

Several studies by Paul Piff and his colleagues have revealed that upper-class individuals tend to be narcissistic, with a clear sense of entitlement. Worse yet, they believe theirtalents and attributes - genius, even - have earned them a rightful position of status over everyone else.

Scarier yet, according to one study, the American sense of entitlement has been growingover the past 30 years, despite the fact that most of us have lost ground to the super-rich. And most disturbing is that 'upper-class' individuals tend to behave more unethically than average citizens.

This "all about me" attitude means that the wealthy don’t have to depend on others, and that they have less need to understand the feelings of others. This directly impacts our daily lives. The greater the concentration of wealth, the less a society invests in infrastructure. Our investment in infrastructure as a percent of GDP dropped by 60 percent from 1968 to 2011.

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2. It's All About Lazy People Who Refuse to Work

Congressmen and CEOs don't normally see the people affected by their actions. This leads to a resentment of the poor, and imagined abuses in the minds of people like Paul Ryan and Scott Walker, both of whom likened the safety net to a "hammock," and Texas Republican Louie Gohmert, who decried the purchase of crab legs by people on a $5-a-day food stamp budget.

John Boehner daydreamed: "This idea that has been born...that, you know, 'I really don't have to work...I think I'd rather just sit around.'"

Almost all healthy adult Americans, of course, want to work. But in 2011 Senate Republicans killed a proposed $447 billion jobs bill that would have added about two million jobs to the economy. Members of Congress filibustered Nancy Pelosi's "Prevention of Outsourcing Act," even as a million jobs were being outsourced, and they temporarily blocked the "Small Business Jobs Act." In April, 2013 only one member of Congressbothered to show up for a hearing on unemployment. When asked what he would do to bring jobs to Kentucky, Mitch McConnell responded, "That is not my job. It is the primary responsibility of the state Commerce Cabinet."

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3. It's All About Waiting for the Free Market to Work Its Magic

Conservative analyst Michael Barone said, "Markets work. But sometimes they take time." Thirty-five years, so far. Beneficiaries of low taxes and deregulation desperately want to believe that "trickle-down" works, or at least to convince middle America that it works. They want to believe, against all logic, that lower taxes mean more tax revenue.

All this in the face of mountains of data disproving their supply-side ideas. As far back as1984 the Treasury Department concluded that most tax cuts lose revenue. More recent studies by Saez et al. and by the Economic Policy Institute found no connection between tax rates and economic growth, and Piketty, Saez, and Stantcheva determined that the optimal tax rate could be over 80 percent.

There is also hard evidence that cutting taxes on the rich fails to stimulate job creation, and that raising taxes on the rich has the opposite, beneficial effect. The facts come from Kansas and Minnesota. Despite early optimism by trickle-down adherents, tax cuts in Kansas have been disastrous, leading to revenue losses, cutbacks in education and health care, and sluggish job growth. In Minnesota, on the other hand, tax increases on the rich have led to higher wages, low unemployment, and rapid business growth.
Failed policies and ideals. We have had this for decades and nothing has improved our economic standing in the world. Maybe what George H W Bush said is more to the point of the goals of the American rich welfare recipients; this is going to be a service nation with low wages where the foreigners can come in and treat us like their slaves.