Saturday, August 08, 2026

The moral paradox of extreme wealth: Why people oppose it yet are reluctant to take steps to reduce it. Really!

Some dim witted, naive psychology college professor wrote this piece! Most likely, she has no clue about a free market economy!

Her lifetime citation count on Google Scholar is 3466! This is very low!

This piece was published by

What a joke!


Caveat: I did not read her piece!

"... Given the prevalence of such stark inequality, it would be easy to assume that most people accept it as fair – but they don’t. As a psychologist who studies how people navigate moral problems, I suspect that one major challenge to effectively reining in extreme wealth is that doing so forces people to navigate between opposing moral demands. ...

Some argue that people chronically underestimate the scale of inequality – in the 2014 study, Americans underestimated the actual pay ratio at the time as being only 30-to-1.
Others argue that the primary driver of the disconnect is people’s unwillingness to abandon their beliefs in merit – that wealth is the product of hard work, talent and risk. ..."

The moral paradox of extreme wealth: Why people oppose it yet are reluctant to take steps to reduce it


The author Jennifer Cole Wright (Source)


This is her portrait photo on Google Scholar


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