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Social Impacts of Income Inequality

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by

Kamilya Gosmanova

on 20 October 2014

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Transcript of Social Impacts of Income Inequality

Social Impacts of Income Inequality
by: Kamilya Gosmanova, Olivia Herd, Anna Greer, and Darcy Phinney
Article: "The Money Empathy Gap"
The article “The Money Empathy Gap” elaborates on the Monopoly experiment we were shown in the movie Park Avenue. Results of this study showed that the player dealt the "luckier" hand felt entitled and acted as if the other player was below him.
Paul Piff conducted this experiment, and his research revealed some interesting effects concerning inequality.
"The Poor Door"
http://thecolbertreport.cc.com/videos/yxerhp/the-word---see-no-equal
"How economic inequality harms societies" Video
Income inequality does not cause these effects but strongly correlates with them.
Watch for where the U.S. is on the graphs

https://www.ted.com/talks/richard_wilkinson
"When separate doors for the poor are more than they seem" Article
It argues for mixed-income living
In New York City currently, lower income earners live on the lower levels, while the higher level earners live on the upper floors
Effects
Social Impacts: Income Inequality
“While having money doesn’t necessarily make anybody anything,” Piff says, “the rich are way more likely to prioritize their own self-interests above the interests of other people. It makes them more likely to exhibit characteristics that we would stereotypically associate with, say, assholes.”

How do you feel about the "poor door"?

Have the wealthy become less empathetic towards lower income earners?
"Is a Hard Life Inherited?" Article
What are the implications for the future if you start at different levels?

Is this an appropriate analogy?
"Does Money Make You Mean" Video
So we don't all start with the same opportunities. Could recognizing this be an integral part of finding a solution? (Looking at the poor door)
Kristof just co-wrote a book with his wife called
A Path Appears
. In it, he discusses the fact that the bottom 20% give more to charity than the top 20%. Kristof and WuDunn state this is because the bottom 20% see more suffering, struggling, and the like than the top 20% do, so they get more involved.
Full transcript