Nobel Prize-winning economist Paul Krugman has a theory about the super-rich: They just want to be loved.
"If you're really, really rich, an additional dollar, an additional hundred million dollars doesn't matter too much for you. But feeling that you are being respected -- it matters a lot," the Princeton professor and New York Times columnist, said in an interview with Reuters on Monday.
"I think what really rich people want to buy often is they want the world to praise them for their wealth, so they want economic theories that praise rich people as the salvation of the rest of us."
Krugman went on to say that the wealthy support Republican economic policies both because they want more money for themselves and they want everyone to respect them. Full Read
"If you're really, really rich, an additional dollar, an additional hundred million dollars doesn't matter too much for you. But feeling that you are being respected -- it matters a lot," the Princeton professor and New York Times columnist, said in an interview with Reuters on Monday.
"I think what really rich people want to buy often is they want the world to praise them for their wealth, so they want economic theories that praise rich people as the salvation of the rest of us."
Krugman went on to say that the wealthy support Republican economic policies both because they want more money for themselves and they want everyone to respect them. Full Read
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