An exposé of the hidden impact of America’s überwealthy on the country’s economy, environmental health, housing market, and political system
Even if you don’t begrudge the ultrarich their multiple vacation homes, yachts, and private jets, Burned by Billionaires chronicles how the actions of the top .01% have severe consequences for the rest of us. In chapters including “Road Map to Richistan” and “What Created So Many New Billionaires?, ” upper-class traitor Chuck Collins takes down the “myth of meritocracy, ” showing how the rich rig the game in their favor, resulting in an increasing concentration of wealth in the hands of a tiny (but growing) class of billionaires.
In a wholly original argument, Collins shows the impact the ultrawealthy have on the rest of us: increasing the tax burden on ordinary working people; reducing public funding for schools, roads, and other essential infrastructure; shrinking the pool of affordable housing; and accelerating climate change with outsize emissions from superpolluting yachts and private jets. Perhaps worst of all, the concentration of wealth and power is leading to political capture, undermining the democratic principle that our votes matter equally.
Lively chapters feature charts, graphs, political cartoons, and more. A final chapter on “An Agenda to Reduce Billionaire Power” offers concrete prescriptions for taking power back from the billionaire class.
Circa l’autore
Chuck Collins is a senior scholar at the Institute for Policy Studies where he coedits Inequality.org. He is the author of several books, including Born on Third Base, The Wealth Hoarders and, with Bill Gates Sr., Wealth and Our Commonwealth. He lives in Vermont.
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