Public opinion surveys in New Zealand and elsewhere show that most people are concerned about existing levels of economic inequality. The same surveys, however, show a much lower level of support for policies and parties that promise to reduce inequality (especially where there is any mention of increased taxation as part of a response). These findings were confirmed in focus groups that I convened to explore public attitudes towards inequality and redistribution.
Participants in these focus groups – when asked individually – expressed an overwhelming preference for a more equal distribution of income. These same people, however – when engaged in discussion – were easily convinced that the ‘reality of the market’ made their preference for greater equality impossible.
Continue reading Peter Skilling on inequality & market ‘realism’: Why do we want what we’ve got?