Wednesday, 27 December 2017

Wealthy people are less ethical

  • Pity the rich. They drive their expensive cars with little respect for the law. Most of them (not all of them) break the rules thinking they won’t have to face the consequences, and they even take candy from children. Being wealthy is what drives the unethical behavior.
  • Their unethical behavior is driven by the fact that they see nothing wrong with greed. Their wealth makes them less dependent on others, less concerned with how they're viewed and it gives them more resources for handling trouble (like traffic fines) should it come along.
  • Drivers of expensive cars were four times more likely to cut off another vehicle and ignore the right-of-way than drivers of cheaper cars. The most flagrant offenders: Mercedes drivers.
  • Police officers often face lecturing from the drivers of fancy cars when they pull them over for a ticket.
  • Lower-class individuals are more physiologically attuned to the suffering of others than their middle- and upper-class counterparts. The difference in ethical behavior might be about opportunity rather than moral fiber.
  • The pursuit of self-interest is a more fundamental motive among society's elite and the increased want associated with greater wealth and status can promote wrong-doing.
  • According to a string of new studies, it's not clear if being rich increases unethical behavior or if such behavior is what allows people to become rich in the first place.
  • Those given an unfair advantage believes they deserved to win. They attributed their successes to their own individual skills and talents, rather than their highly favorable circumstances.
  • If rich are made to feel psychologically a little less well-off, they become way more generous, way more charitable, way more likely to offer help to another person.
  • A few at the top are indeed generous, as evidenced by Bill Gates and others.

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