"Greed is good," Gordon Gekko trumpeted in the movie Wall Street. And don't the past few years provide plenty of evidence for that assertion? But while popular stereotypes often depict poor people as the most likely to lie and steal, new research shows that it's actually the wealthy who tend to behave unethically.
A study by Dr. Paul Piff at the University of California, Berkeley, published in the Proceedings of the National Academy of Sciences, contends that wealthy people are more likely to lie, cheat and break the law for personal gain without compunction. The study concluded, "upper class individuals unethical tendencies are accounted for, in part, by their more favorable attitudes toward greed."
Seven experiments such as aggressive driving of a car, lying in a negotiation and cheating to win a prize, using different kinds of measures in different situations, comprised the study. One part of the study involved observing a large number of cars at a pedestrian crosswalk. The researchers found that almost 50% of the "higher-status" cars such as a Mercedes did not yield to pedestrians, while almost all of the "lowest-status" vehicles did yield.