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The bigger the income inequality is in a society, the greater the financial distance between the wealthy and the average. The bigger the distance between the wealthy and the average, the less benefit the wealthy will feel from expenditures on the public good. Instead, they would derive much more benefit by spending the same (taxed) money on their private good—a better chauffeur, a gated community, bottled water, private schools, private health insurance. As Evans writes, “The more unequal are incomes in a society, the more pronounced will be the disadvantages to its better-off members from ...more
Why Zebras Don't Get Ulcers: The Acclaimed Guide to Stress, Stress-Related Diseases, and Coping
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