Study: Top Motivation For Hating Capitalism Is Resentment – The Federalist

Posted: October 6, 2019 at 7:48 am

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With the 2020 presidential election around the corner, Democratic presidential hopefuls and lawmakers have put forth bold proposals such as returning the top marginal income tax rate to 70 percent, levying wealth taxes as Sens. Bernie Sanders and Elizabeth Warren have proposed, or taxing the hell out of the wealthy as New York City Mayor Bill de Blasio put it.

Others such as Rep. Alexandria Ocasio-Cortez claim that capitalism is irredeemable and a system that allows billionaires to exist is immoral. Sanders recently declaredhe does not think billionaires should exist.

Warren went further when she told votersthey could attribute frustrations in their lives to the rich and powerful: Youve got things that are broken in your life; Ill tell you exactly why. Its because giant corporations, billionaires have seized our government. Watch here:

Many have also noticed the uptick in support for socialism among Democrats as well as the increasing popularity of candidates affiliating with the democratic socialist moniker.

Supporters often contend their motivation is compassion for the dispossessed, and they reason their tax proposals would protect democracy and raise revenue for social programs. With such a rhetorical focus on the rich and powerful, however, critics ask if the motivations are simply about compassion or whether envy and resentment also play a role?

For instance, in a famous exchange, former U.K. Prime Minister Margaret Thatcher responded to a member of Parliament who lamented that income inequality had increased under her watch. Thatcher replied, All levels of income are better off [in 1990] than they were in 1979 but what the honorable member is saying is that hed rather the poor were poorer provided the rich were less rich.

Thus she implied his true motive was a desire to make the rich worse off rather than the poor better off. Watch here:

In a new study, I examine these two competing explanations and ask whether envy and resentment of the successful or compassion for the needy better explain support for socialism, raising taxes on the rich, redistribution, and the like. The analysis is based on the Cato 2019 Welfare, Work, and Wealth National Survey of 1,700 Americans.

Statistical tests reveal resentment of the successful has about twice the effect of compassion in predicting support for increasing top marginal tax rates, wealth redistribution, hostility to capitalism, and believing billionaires should not exist. Notably, however, compassion and resentment both equally predict support for socialism.

The survey asked respondents to answer a series of survey questions psychologists have developed to measure a persons level ofcompassion andenvy or resentment of the successful, respectively. These questions dont mention politics or even the rich specifically. For instance:

Americans answers to these questions were used to measure the extent to which compassion or envy predict their opinions about taxes, socialism, and capitalism.

Statistical tests (OLS regression)find that resentment against successful people is more influential than compassion in predicting a persons support for raising taxes on households earning more than $200,000 a year, raising top marginal tax rates to 70 percent, and redistributing wealth from the rich to the poor. (Full statistical results found here.)

This means people who agree that very successful people sometimes need to be brought down a peg or two even if theyve done nothing wrong were more likely to want to raise taxes on the rich than people who agree that I suffer from others sorrows.

In each of the charts below, the blue line (resentment) is steeper than the red line (compassion), which suggests resentment is a more powerful motivator. Nevertheless, compassion for the needy is also a statistically significant predictor as well.

This data implies that those who support tax increases on the rich and wealth redistribution may be motivated by resentment or compassion, but they are more likely to be motivated by resentment.

Next, I ran another series of statistical tests to investigate the motivations behind the following beliefs: 1) Its immoral for our system to allow the creation of billionaires, 2) billionaires threaten democracy, and 3) the distribution of wealth in the United States is unjust.

Again, the statistical tests find that resentment against successful people is more influential than compassion in predicting each of these three beliefs. In fact, not only is resentment more impactful, but compassionate people are significantly less likely to agree that its immoral for our system to allow people to become billionaires.

Furthermore, compassion is not significantly linked with the idea that billionaires threaten democracy. Compassion does contribute to concerns about the countrys wealth distribution, but resentment is more influential. This suggests that concerns about inequality may have more to do with antagonism toward the successful than they do with lifting up people in need.

Statistical tests find that resentment of the successful is more influential than compassion in predicting hostility toward capitalism. However, both compassion and resentment largely and significantly predict favorable views of socialism. In the charts below, the blue line (resentment) is steeper than the red line (compassion) in predicting hostility toward capitalism, but the blue and red lines look similar in predicting support for socialism.

This implies that its hard to know the motives of a person drawn to socialism. It may be compassion, resentment, or perhaps a little of both that motivates them. But a person hostile toward capitalism is much more likely to be motivated by resentment of the successful than compassion for the vulnerable.

These competing motives of compassion for the vulnerable and resentment of the successful may play a role in dividing the Democratic primary electorate approaching 2020. Analysis of survey data shows that resentment toward the successful significantly divides voters between the two leading Democratic presidential candidates: Elizabeth Warren and Joe Biden.

Statistical tests find that people who expressed higher levels of resentment toward the successful for instance, those who agreed that its good to see very successful people fail occasionally, or very successful people sometimes need to be brought down a peg or two even if theyve done nothing wrong were much more likely to support Warren. Those who disagreed were more likely to support Biden.

Readers should keep in mind, however, that this survey data was collected in March 2019, before the Democratic debates this summer. Thus, voters may have shifted since then.

Surveys cannot read minds. But this data suggests support for socialism is likely the product of both compassion and resentment. On the other hand, support for wealth redistribution and hostility toward capitalism may have more to do with resentment of the successful than empathy for the poor.

That doesnt mean compassion doesnt matter; it may be the true motive for many people. But statistically speaking, resentment is more likely behind such opinions.

Emily Ekins is a research fellow at the Cato Institute. Her research focuses primarily on American politics, public opinion, political psychology, and social movements, with an emphasis in survey and quantitative methods.

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Study: Top Motivation For Hating Capitalism Is Resentment - The Federalist

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October 6th, 2019 at 7:48 am

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