"Sanders and Bloomberg Want to Redistribute Wealth. Most Millionaires and Billionaires Don't." (Elizabeth Suhay, Marko Klašnja & Gonzalo Rivero, Washington Post Monkey Cage, Feb 17, 2020)

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6 Terms

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Thesis

Wealthy Americans are more likely to believe that the U.S. is a meritocracy, meaning that success comes from hard work and intelligence which drives their economic conservatism. A small portion of millionares and billionares disagree.

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4 Possible explainations of success

  1. Hard work

  2. Intelligence

  3. Luck

  4. Being born into wealth


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Where do drive and intelligence come from?

Upbringing and DNA

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2 ideologies among affluent

  1. Conservatives/Libertarians: Success comes from character (choice or genes)

  2. Liberal: Success comes from outside forces (luck, environment)


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Link to textbook

Desert debate
Rawls - talents are a natural lottery and morally arbitrary so nobody deserves them
Nozick - entitlement (what you earn through just transfers is yours)

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Who are the millionares calling for wealth taxes

Bernie Sanders and Elizabeth Warren