Science: Billionaires Are Bad

From Trace Dominguez. ( YouTube / Nebula )

Billionaires are idolized, lionized, followed, and celebritized, but should they be?? (Science: โ€œNo. You donโ€™t even _like_ them.โ€) || Join Nebula and watch this video with extra content, no ads, and get Nebula Classes free too! ๐Ÿ‘‰ https://go.nebula.tv/tracedominguez

Fans of #ElonMusk attack strangers on the internet every day. Fans of Kim Kardashian, Oprah, Mark Cuban, and even Donald Trump will stan them all day โ€” and yetโ€ฆ why? Americans love the wealthy. We think wealth is a skill and we want to know how they did it, so we can achieve it too, but #HowDoPeopleGetRichโ€ฆ really?? I looked at the science and broke down the neuroscience, psychology, and sociology that keep us enamored with "The 1%," Rhianna, Trump, Warren Buffett, MacKenzie Scott, Bill Gates, and other #billionaires โ€” even if we actually *hate* Elites.

๐Ÿงฒ๐Ÿงฒ๐Ÿงฒ F O L L O W ๐Ÿงฒ๐Ÿงฒ๐Ÿงฒ
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๐Ÿ“’๐Ÿ“’๐Ÿ“’ C H A P T E R S ๐Ÿ“’๐Ÿ“’๐Ÿ“’
0:00 Do we actually hate billionaires?
0:23 Do rich people work harder?
4:47 We think wealth is good (but is it?)
6:38 Why do we lie to ourselves?
7:02 No really, polls say we hate billionaires
10:40 Examples of these concepts in action
13:28 I don’t need billions, just a little support
15:17 Seriously, we don’t like the rich

๐Ÿ’–๐Ÿ’–๐Ÿ’– S U P P O R T ๐Ÿ’–๐Ÿ’–๐Ÿ’–
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๐Ÿ“•๐Ÿ“•๐Ÿ“• L E A R N M O R E ๐Ÿ“•๐Ÿ“•๐Ÿ“•

*Talent Versus Luck: The Role Of Randomness In Success And Failure (Advances In Complex Systems)*
https://www.worldscientific.com/doi/abs/10.1142/S0219525918500145

*If youโ€™re so smart, why arenโ€™t you rich? Turns out itโ€™s just chance. (MIT Technology Review)*
https://www.technologyreview.com/2018/03/01/144958/if-youre-so-smart-why-arent-you-rich-turns-out-its-just-chance/

*Are Millionaires Smarter Than the Rest of Us?*
https://money.com/are-millionaires-smarter-than-the-rest-of-us/
โ€œIf differential talent would have also played a role, we would have found a distribution of wealth that is even more extreme,โ€ he explained. โ€œThis suggests that luck, rather than talent, is the main driving force of wealth inequality among the rich.โ€

*Did our brains evolve to foolishly follow celebrities? Yes. The answer is yes. (Durham University)*
https://www.dur.ac.uk/news/newsitem/?itemno=21009

*People are more tolerant of inequality when it is expressed in terms of individuals rather than groups at the top (PNAS)*
https://www.pnas.org/doi/full/10.1073/pnas.2100430118

*U.S. views of billionaires now somewhat more negative than in 2020 (Pew Research Center)*
https://www.pewresearch.org/fact-tank/2021/07/28/americans-views-about-billionaires-have-grown-somewhat-more-negative-since-2020/

*Fun fact: a record number of the billionaires in the United States are also immigrants! (We get the job done)*
https://www.forbes.com/sites/mattdurot/2022/04/18/a-record-elon-musk-eric-yuan-peter-thiel-number-of-immigrants-have-become-billionaires-in-the-us/

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Some images by Getty Images
Music by Epidemic Sound

Love you, #nerdfam. Stay #curious! Thanks for supporting science communication.