Read e-book online Billionaires: Reflections on the Upper Crust PDF

By Darrell M. West

ISBN-10: 0815725825

ISBN-13: 9780815725824

Meet the Billionaires: the 1,645 women and men who keep watch over a major proportion of world resources worthy $6.5 trillion. Darrell West unearths what the opposite 99.99998% people want to know. With wealthy anecdotes and private narratives, West is going contained in the global of the extremely filthy rich. Meet U.S. billionaires corresponding to Sheldon Adelson, Michael Bloomberg, David and Charles Koch, George Soros, Tom Steyer, and Donald Trump—as good as overseas billionaires from all over the world. The becoming political engagement of this small supra-wealthy staff increases very important questions on impression, transparency, and govt functionality, and West lays naked the wealthification of politics, together with: • How billionaires can block appointments and laws they don’t like • Why the supra-wealthy moved into coverage advocacy and referenda on the country point • Why billionaires run for workplace in additional than a dozen international locations world wide

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That was followed in the 2000s by generous tax cuts, advocated by President George W. Bush and approved by bipartisan majorities in Congress, that gave the greatest benefits to the wealthy. 52 Education is part of the income story because of the substantial differences among groups linked to educational attainment. There are well-documented differences in income level among high school dropouts, high school graduates, college graduates, and those who have done post-graduate work. S. 53 Those differences reflect a situation in which individuals trained to compete in the “knowledge economy” do well while others ­stagnate.

The day my July 2012 quote was published, I received a call from Trump’s assistant asking for my e-mail address. I gave it to her, and she sent me an angry missive from the billionaire himself. ’ Best Wishes, Donald J. ” The thin-skinned Trump need not have worried about my comment because there are prominent experts who publish very The Controversy over Billionaires 21 favorable arguments in support of the ultra rich. In a paper entitled “Defending the One Percent,” Gregory Mankiw, a Harvard economist (and former economics adviser to President George W.

29 As he left office, politicians and media commentators debated his legacy. A city survey found mixed views regarding the impact of wealth on his public service. In a report on how New Yorkers evaluated the impact of his wealth, the New York Times said, “30 percent said Mr. ”30 Democratic successor Bill de Blasio, elected in 2013, openly derided his predecessor’s record. He claimed there were “two cities” and that Bloomberg was more interested in people with money than the middle class. “We cannot expect prosperity to trickle down from the top.

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Billionaires: Reflections on the Upper Crust by Darrell M. West

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