Wealthy disagree with most Americans ...

Wealthy disagree with most Americans about income policies

Posted in the Minneapolis Forum

Awful Truth

Saint Paul, MN

#1 Feb 25, 2013
Wealthy disagree with most Americans about income policies

According to the pilot study—directed by scholars at Northwestern and Vanderbilt universities—87 percent of the wealthy say that budget deficits are a "very important" problem facing the United States, putting deficits at the very top of a list of 12 potential problems.

About one-third of the wealthy call deficits or excessive government spending the most pressing problem facing the country, much more than any other problem. In contrast, only 7 percent of the general public mentions deficits or the national debt as the most important problem facing the country; more than 50 percent cite the economy and jobs.

What's more, the wealthy tilt toward cutting back—rather than expanding—federal government programs like Social Security and health care that ordinary citizens want to expand or keep the same. Overwhelming majorities of Americans oppose such cuts.

Benjamin I. Page, Gordon Scott Fulcher Professor of Decision Making in the department of political science at Northwestern and director of the study, said economic self-interest is the most straightforward explanation for why the wealthy oppose raising taxes on high incomes and favor reducing the deficit by cutting back on entitlement programs, while a majority of Americans disagree.

"These programs are of little personal benefit to wealthy people," Page said. "However, since they pay a lot of taxes, they are well aware of their costs."

An overwhelming majority of Americans oppose cuts in Social Security, and many wish to expand it. But fully 36 percent of the top 1 percent favor cutting back on Social Security, and only 3 percent of them favor expanding it.

http://phys.org/news/2013-02-wealthy-american...

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Minneapolis Discussions

Title Updated Last By Comments
Get Over It! 5 hr Drumpf 9
Obama & BLM mourn monstor Fidel Castro 14 hr Protesters CAN WORK 50
News Global warming 'undeniable,' scientists say (Jul '10) 19 hr Squirtzzz3971 35,607
Drop one word....add one word game (Apr '14) 20 hr WildLifeLover 626
Child sex ring>Pizzagate>Clinton's>Obama's>FBI ... Thu Georgia 1
News Cops To Drunk Drivers: We'll Make You Listen To... Nov 30 Ferrerman 20
BLM urge rioting over OSU SHOOTING Nov 30 Drumpf 14

Minneapolis Jobs

More from around the web

Personal Finance

Minneapolis Mortgages