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The rich are greedy bastards

An interesting yet disheartening series of socioeconomic experiments shows that those on the lower-income levels are more likely to give and be charitable than their higher paid counterparts. The findings come from experiments carried out by UC Berkeley doctoral student Paul Piff and his team. A recent national survey in the US reiterates the results, revealing lower-income people give more of their hard-earned money to charity than the wealthy.

At a time when the richest one percent of Americans own more than the bottom 90 percent combined, the findings are timely. "Our data suggests that an ironic and self-perpetuating dynamic may in part explain this trend," the researchers write. "Whereas lower-class individuals may give more of their resources away, upper-class individuals may tend to preserve and hold onto their wealth. This differential pattern could exacerbate economic inequality."

Prior research done by Piff and his colleagues suggests lower income people might be more compassionate because they are more closely rooted to and dependent on others, therefore more empathetic. It is also thought that the more money the lower-earning people make in their lifetime, the higher their status becomes. As a result, their ability to connect with others' point-of-view disappears, including the low-income population they were once ties to.

http://www.physorg.com/news201364510.html

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