Sen. Bernie Sanders' success in the Democratic presidential primary contests Iowa and New Hampshire suggests that voters are moved by his message that rich people have rigged the economic system to their advantage, and that government should do something to change that.
Both Sanders, I-Vt., and Sen. Elizabeth Warren, D-Mass., have promised to tax wealth and deliver universal health care, free public preschool and college education, and a stronger social safety net. The two candidates have also promised to reform the campaign finance system so politicians are less beholden to the wealthy, and have focused on raising money through small donations.
What's puzzling is that both Sanders and Warren are millionaires. Although somewhat more moderate on policy, the two billionaires in the Democratic race - Tom Steyer and Mike Bloomberg - also say they want to reverse the nation's growing economic disparities. Last week, The New York Times published an opinion article from Bloomberg outlining initiatives to reduce economic inequality.
It cannot be simultaneously true that "millionaires and billionaires" are rigging the system and yet are also trying to level an uneven playing field. Are these affluent Democratic contenders' political views characteristic of millionaires and billionaires generally? In short, no. Our research finds that wealthy people are more likely than others to believe the system is fair, and are more economically conservative than others. These Democratic candidates represent a small but significant minority.
- - -
What do the rich think about the fairness of our economy?
Wealthy people have a great deal of power to influence economic and political outcomes in the United States, and so it's important to understand what they believe to be the causes of - and possible solutions to - economic inequality. The economic elite are, by definition, members of a small group not well represented in typical surveys. They tend to keep their views on economics and politics to themselves. The few high-quality surveys of this group confirm that, on average, wealthy Americans are more libertarian than the general population, but there's certainly more to learn.
To better understand the perspectives of the economic elite, we worked with the company YouGov to survey online a broad and diverse sample of 450 highly affluent Americans, whom we defined as those living in households with pretax incomes of more than $350,000 per year and/or more than $2 million in financial assets. The resulting sample represents about the top 3% to 5% of U.S. households in income and wealth. In addition, we surveyed 450 Americans from the general population as a comparison group. YouGov is the industry leader in assembling representative samples from its millions of opt-in participants. We also demonstrate that our samples reflect the populations they are intended to represent by comparing their characteristics to the probability-based Survey of Consumer Finances and employing population weights.
We began by asking why our respondents thought some people are more successful than others in life. Is success a result of hard work, intelligence, luck or being born into wealth? We also asked respondents why they thought people differed in drive or intelligence - because of upbringing, choices, DNA? We asked respondents to award such factors a score on a seven-point scale, with seven being very important and zero not important at all.
To better understand the political implications of these beliefs, we asked for respondents' views on economic policy, including the government safety net, taxes on the wealthy and economic inequality.
Finally, we asked people to share their age, gender, race, education, region and religiosity. We control for these characteristics throughout our analyses.
- - -
Wealthy people are more likely than others to believe the United States is a meritocracy
All economic groups in our survey viewed "hard work" and "being intelligent" as better explanations for success than "coming from a wealthy family" and "being lucky." This is consistent with the nation's long-standing belief in meritocracy: that people become successful via hard work combined with talent.
Nevertheless, our affluent respondents were even more likely than others to attribute success to individuals' characteristics and behavior, on average awarding "hard work" and "intelligence" close to the top score. Further, respondents from the top 1% of U.S. households in income and wealth were the most likely to insist that these success-linked traits are either chosen or innate rather than environmentally caused.
- - -
What are the political implications of believing in meritocracy?
Not surprisingly, respondents' beliefs about what causes economic inequality correlated with their beliefs about what policies the U.S. government should enact. The affluent with the most economically conservative political beliefs were the most likely to say that inequality comes from character traits such as hard work or intelligence, especially when they believed those character traits come from either individual choices or genetics. Meanwhile, affluent respondents had more liberal policy leanings when they said inequality grows from forces outside the individual such as luck, family ties or upbringing. As a result, there's a noticeable ideological divide among the affluent.
Our comparison group of the less affluent wasn't as consistent in connecting their beliefs about meritocracy to politics. On the one hand, like the affluent, middle- and lower-class Americans who said outside forces shape individuals' economic fortunes tended to support progressive economic policies. On the other hand, there was little evidence that ordinary Americans who thought inequality boiled down to character were especially conservative.
- - -
Is there an ideology of affluence (or two)?
In a nation well-known for its belief in meritocracy, those at the very top are, on average, the most likely to view our deep economic divides as fair. Our billionaire president has frequently echoed this. He is particularly enamored of genetic theories, saying, for example, "Some people aren't meant to be rich. . . . It's just something you have, something you're born with."
Our study suggests that the belief that people deserve whatever success or failure comes their way results in the libertarian ethos many highly affluent people hold. In keeping with these views, the Trump administration has reduced taxes on the wealthy, diminished government services for lower-income Americans and plans to shrink the safety net further.
Our data also suggest that Sanders, Warren, Bloomberg and Steyer are not outliers. A nontrivial minority of the wealthy disagree with their economic peers, believing that the system is rigged and that the government should do something about it.
- - -
Suhay is an associate professor and graduate program director in the department of government at American University's school of public affairs, and lead editor of the forthcoming "Oxford Handbook of Electoral Persuasion," with Bernard Grofman and Alex Trechsel. Klasnja is an assistant professor in the school of foreign service and department of government at Georgetown University. Rivero is a research data scientist at Westat. For other commentary from The Monkey Cage, an independent blog anchored by political scientists from universities around the country, see http://www.washingtonpost.com/blogs/monkey-cage.
Read this article:
- KISS Army horing the US Army [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Post-Election: Liberal Columnist Peter Beinart says GOP now has a "libertarian thrust" [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Indiana Gov. Mitch Daniels goes Libertarian: Orders 10% Cut for State Agencies [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Libertarian Group calls for Apology from Obama for his insulting and inappopriate Remarks after Ft. Hood [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Now the responsibility of American Muslims is to expose the Radical Jihadists among us [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Lt. Col. Ralph Peters on Hasan, calling it like it is [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Rush County Residents Start Effort to Organize County [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Libertarian Party of Marion County Announces Second Annual Canned Food Drive [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Cato: Federal Education Results Prove the Framers Right [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Bell: If a picture is worth a thousand words, what's a word worth?... [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Maguire: How I will Vote on Wishard This Tuesday [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Contrary to Popular Belief... There IS an Election TODAY [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- That Would be Perfect: Stop the RTA [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Press Release: Libertarian Party Reaction to Voters Defeating the RTD [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- An Easy Way To Email Your Senators on Obamacare and Responsible Energy Policy [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- The Bell Curve: Oh yeah, that's a lot better... Property Tax "solution" Destroying Indiana Small Business [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Libertarian City Councilman Mark Byrne, Port Huron, MI wins endorsement of Local Paper for Reelection [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- WASHINGTON STATE: Race for King County Executive one to watch [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Closeted Republican could be elected Atlanta's next Mayor [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Obama will own a Corzine loss [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Jason Shih, Photo of Corzine Staffer busted for Drugs [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Sarah Palin blasts Biden over Energy Hypocrisy [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Murder in Arizona: Father runs over Daughter in so-called "Honor Killing," she had become "too Westernized" [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Races to Watch for Libertarian Republicans 2009 [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- HUGE NEWS OUT OF TEXAS!! Scores of Democrat County Officials Switch to Republican [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Chris Christie Wins!!! [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Dedicated to Governor-Elect Chris Christie and the Citizens of the Great State of New Jersey [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Republicans win 6 new Seats in Virginia House of Delegates [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Post-Election Party Switchers from Democrat to Republican: 8 so far in Texas [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Libertarian Party Election Results: 5 Victories, 1 Heartbreaking Loss, 1 Big 2nd place finish [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Rand Paul questioned on his Libertarian ties, Father's controversial Foreign Policy views [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Libertarian "RINO" wins County Council seat in Erie, Pennsylvania [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Republicans sweep Westchester County, New York on Anti-Tax message [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- GOP Congressional candidate Alan West says Fort Hood tragedy "proof" Jihadists infiltrating our Military [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- TEXAS STATE REPRESENTATIVE SWITCHES TO REPUBLICAN!!! [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Minnesota DFL may have a Big Problem on its hands for 2010: Lynne Torgerson [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- New Poll: 39% of Israelis believe Obama is a Muslim [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Since Obama elected "Worst Year" for Homegrown Islamic Terrorism [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- A Pro-Islamist President? Obama's ties to the Muslim World exposed [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Libertarian Party of Marion County Holds Holiday Party to Benefit Second Helpings [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Tippecanoe County Libertarian Party Plans to Walk in Christmas Parade [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- NRA: Bloomington, Indiana Herald-Times Treats Law-Abiding Gun Owners like Registered Sex Offenders! [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Kole Hard Facts of Life: Great Post On Copenhagen Global Warming Issues [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- SchansBlog: ClimateGate extravaganza [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Scherschel: A Letter to the Editor of the Bloomington Herald Times [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Press Release: Libertarian Party of Johnson County Wants Voters To Decide on Jail Expansion [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- LPIN HQ Seeks Interns in 2010 [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Cato: More Federal Health Care Fraud [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Indiana Election Division Releases Important 2010 Election Guides [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Mahmoud Ahmadinejad preparing Holy War against the United States [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Pro-Liberty Students in Iran Protest Against the Government [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- It's Official! Tea Party Movement founded by Libertarian Republicans and that settles it! [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Good news for Republicans against Dodd; All three GOPers come out ahead [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Massachusetts GOP: We have a candidate [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Libertarian Republican bloggers discuss Climategate, Health Care and Hot Political Races [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Panel votes against Impeachment for Libertarian Republican Gov. Mark Sanford [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Reid Senate Plan includes Individual Mandates: $750 Fine for Non-Compliance [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- OHIO: More gains in latest poll for Fiscal Conservative John Kasich [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Yet another bigtime incumbent Dem calls it quits; Rep. Brian Baird (WA) faced increasingly tough Reelection [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- RCP running average for Obama Approvals drops to 48.9% [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Sarah Palin, Ron Paul ticket 2012? Sarah on Top [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Libertarians attacked by Leftists at Welcoming Event in Copenhagen [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Baucus mistress Melodee Hanes sleeping her way to the Top [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Not the First Time Baucus has had a Sex Scandal: Harrassment Allegations back in 1999 [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Baucus "Bimbo Eruption" gains Criticism back Home; Calls for his Resignation [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Senator DeMint officially endorses Michael Williams for US Senate - Texas [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- WISCONSIN: Terri McCormick for Congress [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Nancy Pelosi as Stalin: One California Korean-American says it fits [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Abolish Medicare says Glenn Beck [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Glenn Beck on Barbara Walters: Describe my politics? "Libertarian, Maximum Freedom" [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Obama is a Muslim entering Pop Culture [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Fed Bureaucrats get big raise in Compensation: Private Sector workers grow Poorer [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Obama Administration launches Massive Assault on Financial Privacy [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Tucker Carlson to launch new Journalist Website: Promises not to "suck up" to Obama [Last Updated On: December 14th, 2009] [Originally Added On: December 14th, 2009]
- Michele Bachman: Time to KILL SOCIALISM! [Last Updated On: December 14th, 2009] [Originally Added On: December 14th, 2009]
- IDAHO: Democrat switches to Republican to run against libertarian-leaning Dem Rep. Walt Minnick [Last Updated On: December 14th, 2009] [Originally Added On: December 14th, 2009]
- Did the Missoulian cover up for the Max Baucus Affair? [Last Updated On: December 14th, 2009] [Originally Added On: December 14th, 2009]
- And now some good old-fashioned Hardcore Right-wing Punk Rock from Wyoming [Last Updated On: December 14th, 2009] [Originally Added On: December 14th, 2009]
- Obama's approval ratings take another dip at RCP [Last Updated On: December 14th, 2009] [Originally Added On: December 14th, 2009]
- Adam Andrzejewski for Illinois Governor: Deserving of Conservative and Libertarian support [Last Updated On: December 15th, 2009] [Originally Added On: December 15th, 2009]