The Undeserving Rich: American Beliefs about Inequality, by Professor Leslie McCall

By Professor Leslie McCall

It's broadly assumed that american citizens care little approximately source of revenue inequality, think possibilities abound, recognize the wealthy, and dislike redistributive guidelines. Leslie McCall contends that such assumptions are in accordance with either incomplete survey information and financial stipulations of the prior and never current. actually, american citizens have wanted much less inequality for many years, and McCall's e-book explains why. american citizens develop into so much all for inequality in instances of inequitable development, once they view the wealthy as prospering whereas possibilities for reliable jobs, reasonable pay, and top of the range schooling are constrained for everybody else. therefore, they want guidelines to extend chance and redistribute profits within the office, decreasing inequality out there instead of redistributing source of revenue after the actual fact with tax and spending regulations. This booklet resolves the ambiguity of the way americans can show little enthusiasm for welfare country rules and nonetheless yearn for a extra equitable society and forwards a brand new version of personal tastes approximately source of revenue inequality rooted in exertions industry possibilities instead of welfare country rules.

Show description

Read Online or Download The Undeserving Rich: American Beliefs about Inequality, Opportunity, and Redistribution PDF

Similar macroeconomics books

Studies in the Economics of Transportation

There are special complexities linked to the commercial valuation of clever Transportation platforms (ITS) and telematics. conventional tools of quantitative research is probably not acceptable in correctly and reliably assessing the industrial affects of those applied sciences. even supposing complicated transportation and similar applied sciences are being deliberate and deployed at an more and more swift speed, a number of the applied sciences are nonetheless particularly new, and their use is probably not frequent.

Principles of Financial Economics

This e-book introduces graduate scholars in economics to the subfield of economic economics. It stresses the hyperlink among monetary economics and equilibrium conception, devoting much less awareness to only monetary subject matters corresponding to valuation of derivatives. on the grounds that scholars frequently locate this hyperlink demanding to know, the remedy goals to make the relationship specific and transparent in every one level of the exposition.

Additional info for The Undeserving Rich: American Beliefs about Inequality, Opportunity, and Redistribution

Example text

18 As a normative matter, most everybody is on board with this depiction of both the problem of inequality and its Introduction 11 solution, although putting the solution into practice is often a different and more contentious matter. This approach has an unintended consequence, however. It tends to focus attention only on the starting gate because it assumes that any resulting distribution of outcomes is fair if the starting gate is equal. Inequities in the allocation of pay, another avenue through which opportunity can be derailed, are brushed over or not even contemplated as a problematic aspect of inequality.

They assembled census data on the occupations of white native-born sons and fathers in Great Britain and the United States at three time points from the mid-1800s to the late-1900s and calculated rates of intergenerational mobility in each era, controlling for differences in the occupational structure. Their findings confirmed the conventional wisdom, but only in part. 25 Ferrie also assesses the causes of differences across time and place, examining such central factors as expanding education and geographic mobility.

This chapter therefore reconceptualizes policy preferences related to income inequality in terms of curbing the excesses of the undeserving rich and expanding the opportunities of deserving workers. Americans appear to desire opportunities for education and redistribution in the labor market more than government redistribution (conventionally understood) as a way to counteract rising inequality. This book relies upon existing data sources to formulate a new perspective on how Americans think about inequality, opportunity, and redistribution.

Download PDF sample

Rated 4.18 of 5 – based on 43 votes