Can money make you mean? Most of us like to think we’d stay grounded if we were to become wealthy, but psychologists’ research suggests that money, status and power shape people’s beliefs and behavior – sometimes in surprising ways. Paul Piff, PhD, of the University of California, Irvine, talks about money, fairness and empathy; the relationship between money and happiness; and the implications of rising income inequality.

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Where do you stand on the income ladder? Do you think of yourself as rich, as poor, or as somewhere in between? Our perceptions of wealth — our own, and other people's — can affect us more profoundly than we realize. This week in our Money 2.0 series, we revisit two of our favorite conversations about wealth and inequality. Sociologist Brook Harrington takes us inside the lives of the über wealthy and the people who manage their fortunes. Then, psychologist Keith Payne shares surprising research about income inequality and how it shapes our minds. 

If you like this show, be sure to listen to the other episodes in this series, including our conversation about the mental scripts that shape our choices around money.

Also, check out our new podcast, My Unsung Hero! And if you'd like to support our work, you can do so at support.hiddenbrain.org. 

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As billionaires hoard more control over our politics, it seems more important than ever to ask: What makes them tick? Four reporters gather after hours at a wine shop to discuss – over drinks – what they’ve learned from covering billionaires for years, and how it can help us hoi polloi make sense of what the ultra-rich are doing right now.

Featuring Vicky Ward, who has covered the Kushner family and Trump, and who, in 2002, was the first journalist to investigate Jeffrey Epstein’s finances in a profile for Vanity Fair; John Hyatt, who covers billionaires, with a focus on Elon Musk, for Forbes; Douglas Rushkoff, who has written about tech billionaires preparing for the end of the world; and Edward Ongweso, Jr., who covers the impact of the exponential growth of large tech companies for outlets like Vice and The Nation. 

A small correction: Douglas Rushkoff said that his trip to a hedge fund conference in the desert happened in 2018, but the trip was actually in 2017.

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What does the one percent really mean? What do people get wrong when they think about their own wealth? And what the world could look like without billionaires? Omar’s asking these questions in conversation with Rachel Sherman.

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How much money is too much?

In today’s episode, political philosopher Ingrid Robeyns tells Sean that we need to cap the amount of wealth a person can accumulate. They talk about how extreme inequality affects democracy, the role of money in politics, and why limiting personal wealth benefits everyone, including the super rich.

Host: Sean Illing (⁠⁠@SeanIlling⁠⁠)

Guest: Ingrid Robeyns, ⁠⁠professor⁠⁠ and author of Limitarianism: ⁠⁠The Case Against Extreme Wealth⁠⁠

This episode originally aired in January 2024

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In sixty years, we have gone from 2 billionaires in the United States to just under 2,000. How on earth did that happen?

Today, Timothy Noah from the New Republic takes us all the way from our framers fearing excessive wealth to the country's first (potential) trillionaire. To learn about their proliferation, their desires, and their outsized effect on American policy, check out his article, How the Billionaires Took Over. 

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Most tourism marketing aims at the largest audience possible.

This week, we look at a sub-category aimed at the smallest audience possible:

Billionaire Tourism.

The super wealthy get bored easily.

That means luxury tour planners dream up extreme vacation ideas.

 From outer space, to the bottom of the ocean, to secretly getting the key to the Sistine Chapel, it’s a whole new pricey world.

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