Category Archives: ECONOMICS

Peter Skilling on inequality & market ‘realism’: Why do we want what we’ve got?

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.

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