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      The causes and health effects of the Great Recession: from neoliberalism to ‘healthy de-growth’

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      Critical Public Health
      Informa UK Limited

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          Health effects of financial crisis: omens of a Greek tragedy.

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            Did Securitization Lead to Lax Screening? Evidence from Subprime Loans*

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              Democracy and the Policy Preferences of Wealthy Americans

              It is important to know what wealthy Americans seek from politics and how (if at all) their policy preferences differ from those of other citizens. There can be little doubt that the wealthy exert more political influence than the less affluent do. If they tend to get their way in some areas of public policy, and if they have policy preferences that differ significantly from those of most Americans, the results could be troubling for democratic policy making. Recent evidence indicates that “affluent” Americans in the top fifth of the income distribution are socially more liberal but economically more conservative than others. But until now there has been little systematic evidence about the truly wealthy, such as the top 1 percent. We report the results of a pilot study of the political views and activities of the top 1 percent or so of US wealth-holders. We find that they are extremely active politically and that they are much more conservative than the American public as a whole with respect to important policies concerning taxation, economic regulation, and especially social welfare programs. Variation within this wealthy group suggests that the top one-tenth of 1 percent of wealth-holders (people with $40 million or more in net worth) may tend to hold still more conservative views that are even more distinct from those of the general public. We suggest that these distinctive policy preferences may help account for why certain public policies in the United States appear to deviate from what the majority of US citizens wants the government to do. If this is so, it raises serious issues for democratic theory.
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                Author and article information

                Journal
                Critical Public Health
                Critical Public Health
                Informa UK Limited
                0958-1596
                1469-3682
                July 25 2014
                January 2015
                September 24 2014
                January 2015
                : 25
                : 1
                : 15-31
                Article
                10.1080/09581596.2014.957164
                fb7daca3-db95-4670-ae2d-474866173835
                © 2015
                History

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