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Wealthy thinks differently from Peasants

Fernando

Elite Member
Joined
Nov 7, 2016
Professional Status
Certified Residential Appraiser
State
California

What You’ve Suspected Is True: Billionaires Are Not Like Us​


What Piff and his team found at that intersection is profound — and profoundly satisfying — in that it offers hard data to back up what intuition and millennia of wisdom (from Aristotle to Edith Wharton) would have us believe: Wealth tends to make people act like assholes, and the more wealth they have, the more of a jerk they tend to be.

At the intersection the researchers were monitoring, drivers of the most expensive cars were roughly four times more likely to cut others off and three times less likely to stop for pedestrians, even when controlling for factors like the driver’s perceived gender and amount of traffic at the time they were collecting data.

When someone from the research team posed as a pedestrian heading into the crosswalk, almost half of the grade-five cars failed to stop, as if they didn’t even see the person.

“People find the car study infinitely relatable,” Piff says now of this research, the results of which were published in the Proceedings of the National Academy of Sciences. “It’s almost like science masquerading as allegory, or allegory masquerading as science.”

For all the attention it has received, the car study was admittedly small, but other research has backed up its findings — and augmented them. Wealth makes you less generous (lower-income individuals have been shown to give a greater proportion of their income than wealthier ones), less compassionate (people with more money and status report less distress when confronted with another person’s suffering), and more narcissistic. In a hilariously pointed study that was also included in the PNAS article, people primed to think of themselves as upper-class were more likely to take candy from a jar that they had been told was meant for kids in a nearby lab. In other words, they were more likely to literally steal candy from children.

When it came to determining the mechanism behind this antisocial shift, researchers hypothesize that socialization itself is key. Wealthy people tend to have more space, literally and figuratively. They spread themselves out into bigger homes, they send their children to less crowded schools, they interact less with the hoi polloi and even, research has shown, with members of their own social class. And they have less need to: Wealthy people are insulated from relying on the types of pro-social engagement that the rest of us need to survive and thrive in an interconnected world. For them, it does not take a village; it takes a staff.

Turns out, this disengagement can even be quantified. A 2020 study published in the Personality and Social Psychology Bulletin found that wealthy people are less adept at reading other people’s facial expressions. Another, published in Psychological Science in 2016, used eye trackers to determine that higher-income individuals spend less time looking at others directly, which might explain why they are less able to remember people’s faces. Even their physiology changes: A study published in Emotion showed that poorer participants experienced a significantly larger deceleration in heart rate — a sign of compassion — when watching videos of kids receiving chemotherapy. In another study, from the Journal of Personality and Social Psychology, poorer people who were shown images of suffering exhibited a stronger response in their vagus nerve, which is known to activate emotional sensations. According to Sukhvinder Obhi, a professor of social neuroscience and the director of the Social Brain, Body and Action Lab at McMaster University, having more money tends to suppress or curtail the mirror neuron system, the parts of the brain that light up when you execute an action and when you witness someone else execute that same action, allowing humans to cognitively put themselves in someone else’s shoes. “It’s giving you a neurophysiological measure of what we’ve called social attunement,” he says. “High status and high power just reduce that activity in the premotor cortex.”
 
I once saw a junior league queen in a Tesla stop for a pheasant, the pheasant flew and landed on the hood of her Tesla and relieved himself, emptied both barrels on her hood and flew away. I witnessed this while out for a drive to Costco, they had gold bars on sale. I like Costco for all the free samples, my dog also likes Costco even though the place is always full of rude MAGAs. I think the lady in the Tesla will have to wash her hood, the pheasant unloaded like he’d been getting free samples at Costco too. Pheasants and MAGAs shouldn’t be allowed in Costco.
 
It's a silly study because most billionaires don't drive for normal errands, they have a chauffer/bodyguard drive and for longer distances use a helicopter or jet.

Though yes, wealthier and type A people are often one and the same and might be impatient and aggressive or less compassionate. Though some are very philanthropic, it varies.
 
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Who cares what the rich do or don't think? The Fernando is one of the idle rich and nobody cares what they think.

I don't like the rich, I don't hate the rich. They are just "there", like any other group.
 
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stupid topic. I have a more important topic that I heard on Fox this morning . It's related to what us appraisers do sometimes.

If you want we can start another thread topic or Just use this one.

Eminent Domaine. Specifically the Supremes Kelo decision. Well it's just reared it's ugly head.

here is AI response

The Kelo v. City of New London decision (2005) is one of the most controversial rulings in modern U.S. Supreme Court history. At its core, the case addressed the limits of the government's power of eminent domain—the ability to seize private property for public use under the Fifth Amendment.

In this case, the city of New London, Connecticut, sought to take private homes, including that of Susette Kelo, not for a traditional public use like a road or school, but to transfer the land to a private developer as part of an economic revitalization plan. The city argued that the development would bring jobs and increase tax revenue, thus serving a “public purpose.”


In a narrow 5–4 decision, the Court sided with New London. Writing for the majority, Justice John Paul Stevens held that economic development qualified as a legitimate public use, even if the land ended up in private hands. The Court emphasized deference to legislative judgments about what constitutes public benefit.


The backlash was swift and widespread. Critics argued the ruling gave governments too much power to displace ordinary homeowners for corporate interests. Justice Sandra Day O’Connor’s dissent warned that “the specter of condemnation hangs over all property” if economic development alone justifies takings.


Ironically, the promised development in New London never materialized—the land remained vacant for years. But the ruling sparked a legislative wave: over 40 states passed laws to restrict the use of eminent domain for economic development following the decision.


Would you like to explore how this case reshaped property rights or how it compares to other landmark takings cases?
 
I have appraised homes for the super rich here in Palm Beach - usually deal with a caretaker but teh owners if home are usually polite and sometimes chatty.

Back in the day, when I used to ride horses and owned horses, I boarded with a few .Actually, I found the wealthiest were very nice. OF course as a humble owner of one horse I was not competing with them - they owned polo ponies or champion horses imported from Europe, mine was just a nice riding horse. But we rode together and hung out and they were pretty cool overall - and it sounds corny, but some of them are lonely. Very wary of people wanting to take advantage of them. Some of them had very tragic upbringings.

Two stand out - one woman, Bettina, ( Marshall Field family fortune ) who owned the barn I used to board out, her mother, who sounded horrible and committed suicide when Bettina was 19. The other, Cynthia, a trust fund girl, was a lovely person, very sensitive and unlucky; she got cancer in her forties. She went to live with her mother for a time to heal, and her mother was also horrible, and jealous because the grandmother left the fortune in truth to Cynthia - the mother handed her a bill for the time she stayed at home with her when she was sick. She died at age 48. RIP-
 
Who cares what the rich do or don't think? The Fernando is one of the idle rich and nobody cares what they think.

I don't like the rich, I don't hate the rich. They are just "there", like any other group.
Imo , the rich and especially the very wealthy are not just there -because they can have outsize influence and power if they choose to yield it, with job creation or job loss, donations and so on. That is why they are teh focus of more attention. Some keep a low profile and others a high profile.
 
The one trait I noticed from my admittedly limited experience with teh wealthy is that they are extremely competitive. Of course, tehy compare themselves to each other, where the standard and level of achievement is very high. They have a lot of privilege, but also a lot of pressure to perform and be as good or better than their peers - if your peers are CEO;'s and champions and innovators, you have a lot to live up to.
 
there was a TV show called "Lifestyles of the Rich and Famous" that focused on the extravagant lifestyles of wealthy individuals, including celebrities, athletes, and socialites. The show aired in syndication from 1984 to 1995 and was hosted by Robin Leach. It also had a spin-off series called "Runaway with the Rich and Famous".
 

Debunking The Myth: The Surprising Truth About Lottery Winners And Life Satisfaction​

 
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