Yep. Our “If you can’t be first, don’t be last†mantra apparently has a name:  Last Place Aversion.
“Our work suggests that people exhibit a fundamental loathing for being near or in last place – what we call “last place aversion.†This fear can lead people near the bottom of the income [point] distribution to oppose [point] redistribution because it might allow people at the very bottom to catch up with them or even leapfrog past them.â€
http://www.scientificamerican.com/article.cfm?id=occupy-wall-street-psychology
Or otherwise known as “Harrison’s Law”.