Tag Archives: money

Here’s a challenge: how many biblical phrases must an evangelical Christian ignore in order to justify supporting Donald Trump?

I know–you have a life, and you are too busy to compile them all.

My personal favorite is the admonition that “Love of money is the root of all evil.” (Note: it isn’t the money–it’s the love of money.) Next time your pious neighbor explains that Trump’s riches are evidence of his worthiness, you might ask him about 1 Timothy 6:10.

I thought about that verse when I read a recent column summarizing research on the moral effects of wealth. It was written by Charles Mathewes, a Professor of Religious Studies at the University of Virginia, and Evan Sandsmark, a PhD student in Religious Studies at the University, and it touched on several issues with which this blog has recently dealt.

The authors note that people with great wealth used to be viewed as morally suspect (“The idea that wealth is morally perilous has an impressive philosophical and religious pedigree.”) but that such attitudes have changed. (As I’ve previously noted, I attribute the change to Calvin…)

We seem to view wealth as simply good or neutral, and chalk up the failures of individual wealthy people to their own personal flaws, not their riches. Those who are rich, we seem to think, are not in any more moral danger than the rest of us.

Recent research suggests otherwise, however. As they explain:

The point is not necessarily that wealth is intrinsically and everywhere evil, but that it is dangerous — that it should be eyed with caution and suspicion, and definitely not pursued as an end in itself; that great riches pose great risks to their owners; and that societies are right to stigmatize the storing up of untold wealth.

After quoting historical figures like Aristotle and religious books (including Hindu texts and the Koran), they quote Pope Francis, who has waxed eloquent on the subject, and then segue to current social science research.

Over the past few years, a pile of studies from the behavioral sciences has appeared, and they all say, more or less, “Being rich is really bad for you.” Wealth, it turns out, leads to behavioral and psychological maladies. The rich act and think in misdirected ways.

When it comes to a broad range of vices, the rich outperform everybody else. They are much more likely than the rest of humanity to shoplift and cheat , for example, and they are more apt to be adulterers and to drink a great deal . They are even more likely to take candy that is meant for children. So whatever you think about the moral nastiness of the rich, take that, multiply it by the number of Mercedes and Lexuses that cut you off, and you’re still short of the mark. In fact, those Mercedes and Lexuses are more likely to cut you off than Hondas or Fords: Studies have shown that people who drive expensive cars are more prone to run stop signs and cut off other motorists .

The rich are the worst tax evaders, and, as The Washington Post has detailed, they are hiding vast sums from public scrutiny in secret overseas bank accounts.

They also give proportionally less to charity — not surprising, since they exhibit significantly less compassion and empathy toward suffering people. Studies also find that members of the upper class are worse than ordinary folks at “reading” people’ s emotions and are far more likely to be disengaged from the people with whom they are interacting — instead absorbed in doodling, checking their phones or what have you. Some studies go even further, suggesting that rich people, especially stockbrokers and their ilk (such as venture capitalists, whom we once called “robber barons”), are more competitive, impulsive and reckless than medically diagnosed psychopaths. And by the way, those vices do not make them better entrepreneurs; they just have Mommy and Daddy’s bank accounts (in New York or the Cayman Islands) to fall back on when they fail.

The authors note studies suggesting that great material wealth actually makes people less willing to share.

All in all, not a pretty picture–although we should remember that statistics don’t necessarily describe individuals. (Not every rich guy is a Koch brother or a Donald Trump; there are the Warren Buffetts.) Nevertheless,

So the rich are more likely to be despicable characters. And, as is typically the case with the morally malformed, the first victims of the rich are the rich themselves. Because they often let money buy their happiness and value themselves for their wealth instead of anything meaningful, they are, by extension, more likely to allow other aspects of their lives to atrophy. They seem to have a hard time enjoying simple things, savoring the everyday experiences that make so much of life worthwhile. Because they have lower levels of empathy, they have fewer opportunities to practice acts of compassion — which studies suggest give people a great deal of pleasure . They tend to believe that people have different financial destinies because of who they essentially are, so they believe that they deserve their wealth , thus dampening their capacity for gratitude, a quality that has been shown to significantly enhance our sense of well-being. All of this seems to make the rich more susceptible to loneliness; they may be more prone to suicide, as well.

Given all this, I’m trying to work up my sympathies for our unhappy, morally-malformed President–but his sheer awfulness keeps getting in the way….