Document Type

Working Paper

Publication Date

2-1-2012

SSRN Discipline

Economics Research Network; Legal Scholarship Network; PSN Subject Matter eJournals; Political Economy - International eJournals; Political Economy - Comparative eJournals; Law School Research Papers - Legal Studies; Cognitive Science Network; Public Economics eJournals; ERN Subject Matter eJournals; Political Science Network; Management Research Network; Political Behavior eJournals

Abstract

This Article investigates a hitherto unexplored connection between money and politics It posits a psychological explanation for why certain extremely wealthy and powerful tycoons back ultraconservative causes and oppose social spending even on education though these measures would benefit the economy as a whole Employing the concept of transcendence it shows how wealthy parents are often disappointed in their offsprings freespending ways and weak work ethic Unconsciously seeking to assure continuity after they are gone the elderly rich shift focus to assure that their class at least will continue to rule after their own demise

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