Support redistribution for social stability

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Explain, Wealthy individuals may support redistribution for social stability, even without altruism or a preference for universal access to essential goods. Evidence suggests that more unequal societies generally have lower overall well-being than more equal ones, with greater inequality linked to poorer health outcomes and various social and economic issues like crime and violence. Wilkinson and Pickett's research, depicted in Figure 8.16, highlights a strong correlation between income inequality and a composite index of social and health problems across high-income countries. This index, including factors like mistrust, mental illness, and education, underscores the impact of resource distribution on human welfare. Therefore, affluent individuals may have a vested interest in backing efforts to reduce inequality through redistribution.

Reference no: EM133671058

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