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Research suggests that we value relative wealth more than absolute wealth. [1] This means that inequality is important for social stability - does social stabi
by crc32 8y ago
Research suggests that we value relative wealth more than absolute wealth. [1]
This means that inequality is important for social stability - does social stability matter?
There are possibly other reasons as well - you could argue rich people invest differently, which has implications for the global allocation of resources. [2]
[1] http://science.sciencemag.org/content/318/5854/1305.full?ijkey=wQeHRuQG0gS/w&keytype=ref&siteid=sci http://science.sciencemag.org/content/318/5854/1305.full?ijk...
[2] https://www.theglobeandmail.com/investing/globe-wealth/article-how-do-the-wealthy-stay-that-way-they-dont-invest-like-the-rest/ https://www.theglobeandmail.com/investing/globe-wealth/artic...