Question

Why is it that even though democracy is a rule of majority, the ultra rich enjoy a higher share of wealth and income?

Answer 1

Democracy is not the rule of the majority. As all individuals have equal weight in electing representatives. Although many political parties proclaim a firm belief in egalitarian and equitable redistribution of income, the political class have vested interest in maintaining the inequitable status quo. As a result, government formed by such political parties tend to pay near lip service to poverty eradication and income redistrbution, where as in reality economic inequality is steadfastly maintained. This is why ultra rich enjoys a higher share of wealth and income in democracy.

Answer 2

Answer:

Wealthy people have far more political influence.

Explanation:

What are some ways in which wealthy people influence politicians?
1. Campaign contributions- Politicians who keep the wealthy happy end up with more money to use in campaigning. More campaigning results in more votes.
2. Major personal financial rewards- even if there isn't outright bribery, politicians who support the rich get personal financial rewards.