Recent studies show, for example, that wealthier people are more likely to cut people off in traffic and to behave unethically in simulated business and charity scenarios. Earlier this year, statistics on charitable giving revealed that while the wealthy donate about 1.3% of their income to charity, the poorest actually give more than twice as much as a proportion of their earnings — 3.2%.
“There’s this idea that the more you have, the less entitled and more grateful you feel; and the less you have, the more you feel you deserve. That’s not what we find,” says author Paul Piff, a psychologist at the University of California, Berkeley. “This seems to be the opposite of noblesse oblige.”
(MORE: Why the Rich Are Less Ethical: They See Greed as Good) In five different experiments involving several hundred undergraduates and 100 adults recruited from online communities, the researchers found higher levels of both narcissism and entitlement among those of higher income and social class.
I have had some pretty harrowing experiences with narcissists in my life. I just can’t image someone being so self-focused especially those who call themselves religious. Almost all of religions spiritual documents take a very firm stand against that trait. My definition of a narcissist is someone who has their head stuck so far up their rear-end that they can see nothing but themselves. I simply have no patience or compassion for a narcissist. I know I am told to love them but, with only a few exceptions, I find it almost impossible to manage that feat.
One of the things that often comes with any degree of success in the financial world is ego and that seems be often be a major trait of most narcissists. Those who manage to make a few bucks soon convince themselves that they are the greatest person in the world and that no one knows more about real life than they do. Now before you start piling on I will freely admit that not all, or probably even most, successful money gatherers are narcissists or have infinite egos and thank heavens for that. But I am convinced that they have their inordinate share and the source above seems to re-enforce that belief.
As the study says the wealthier you are the more likely you are to treat others poorly or to donate any significant percentage of your income to charitable causes. I know Mr. Romney ranted about how the 47% of us feel entitled to take money from the real wealth makers but according to this study he simply got it bass-ackwards and the electorate let him know that…..