Study shows rich people are less ethical

It’s pretty funny to see the headline “Wealthy More Likely to Lie, Cheat: Researchers” on a news site owned by and named after the very wealthy Mike Bloomberg. Who knew Bloomberg was so self-critical and introspective?

New research, written up in Proceedings of the National Academy of Sciences, attempts to answer the question “are society’s most noble actors found within society’s nobility?” And the answer found is no. The pursuit of self-interest is a “fundamental motive among society’s elite, and the increased want associated with greater wealth and status can promote wrongdoing,” The Bloomberg article reports that the study found the “wealthy were more likely to break the law while driving, take candy from children, lie in negotiation, cheat to increase their odds of winning a prize and endorse unethical behavior at work.”

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