Who Are the Wealth Destroyers, Politicians or Billionaires?
8th April 2023
Thinking that billionaires are a policy failure has become pervasive in the United States. Politicians like Alexandria Ocasio-Cortez and Elizabeth Warren are leading the charge in the demonization of billionaires. Left-leaning politicians and their allies think that billionaires corrode society by accumulating large fortunes, which amplify inequality. As such, many propose taxation as a tool to promote fairness by redistributing resources, yet such intentions are not always virtuous and could instead be guided by envy.
Envy is the foundation of the modern Democrat party.
However, a shocking research finding is that envy and self-interest play a pivotal part in explaining support for redistribution. According to evolutionary psychologists in a 2017 paper: “evolved motives for navigating interpersonal interactions clearly predict attitudes about redistribution, but a taste for procedural fairness or distributional fairness does not.” More recent evidence also points to the influence of malicious envy in initiating support for redistribution.
A single billionaire gives more to charity in one year than all of the Democrats in Congress will make in their entire lives, even with their corrupt dealings.