Wednesday, September 21, 2011

The absolute wonderment that many of us progressives feel about the relatively-poor class of Republicans voting against their own best interests, is legend. But the answer to the conundrum is summed up well HERE and boils down to this explanation...

It’s usually assumed that the reason Americans specifically don’t want to see taxes raised on the rich is because, in spite of driving a defunct GM brand four-door, they think of themselves as the “soon-to-be rich.” But a paper published in the National Journal of Economic Research in July suggests otherwise. They offer that it’s not hoping to be on top that makes us not want the wealthier to be taxed more – it’s the fear of being at the bottom. It’s referred to as “last-place aversion.”

No comments: