A Coggle Diagram about Causes
, Options do nothing
address the sources of inequality
social welfare - redistribution of wealth
Land tax, Poverty is more a concern than inequality.
better to have money than no money. afford to eat.
Inequality can lead to social unrest, crime , US Shareholder Model
American Dream - everyone has a chance
Europe a more Stakeholder model
Socialist History, find that inequality negatively affects happiness in Europe but not in the United States
individuals have a lower tendency to report themselves happy when inequality is high, even after controlling for individual income, more precisely defined statistically in Europe than in the US.
In Europe, the poor and those on the left of the political spectrum are unhappy about inequality;
in the US the happiness of the poor and of those on the left is uncorrelated with inequality.
Interestingly, in the US, the rich are bothered by inequality.
Comparing across continents, we find that left-wingers in Europe are more hurt by inequality than left-wingers in the US.
the poor in Europe are more concerned with inequality than the poor in America, We argue that these findings are consistent with the perception (not necessarily the reality) that Americans have been living in a mobile society, where individual effort can move people up and down the income ladder, while Europeans believe that they live in less mobile societies. and Effects
High and persistent unemployment