Who wants to cut spending the most? The rich
Larry Bartels points to the fact that, unlike in other affluent democracies, in America, the desire to cut government spending is almost always much stronger among the rich, and weaker among the poor:
[Washington Post]
Paul Krugman says that "the main point to understand here is that we now know what it means when people urge us to stop talking about class, or denounce class warfare: It is essentially a demand that lower-income Americans and those upper-income Americans who care about them shut up, and stop messing with the elite desire for smaller government."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Krugman is correct — the wealthy in America favor smaller government more than the less wealthy. But what's a little baffling to me is the fact that other affluent democracies don't share America's rich-poor divide on spending cuts. And the fact that this great division exists despite the fact the United States does less to redistribute income than most other economically advanced democracies. This is not the overtaxed rich rebelling against world-leading levels of redistribution. Other countries redistribute far more with far less division between the rich and the poor on the matter.
Larry Bartels argues that the factor that explains this may be race. The only country with a bigger rich-poor divide on spending cuts than the United States is South Africa, which has a wide economic divide between its relatively wealthier white population and relatively poorer black population. Bartels points to a similar "entanglement of class and race in America, which magnifies aversion to redistribution among many affluent white Americans."
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.
-
Foreigners in Spain facing a 100% tax on homes as the country battles a housing crisis
Under the Radar The goal is to provide 'more housing, better regulation and greater aid,' said Spain's prime minister
By Justin Klawans, The Week US Published
-
Crossword: January 22, 2025
The Week's daily crossword
By The Week Staff Published
-
Codeword: January 22, 2025
The Week's daily codeword puzzle
By The Week Staff Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published