Chuck Collins
The Wealth Hoarders
How Billionaires Pay Millions to Hide Trillions
Polity Press, 2021
What's inside?
The “Wealth Defense Industry” helps the rich take advantage of everyone else.
Recommendation
Chuck Collins pulls few punches in this harsh takedown of tax-dodging rich people and the experts who help them do it. Collins paints the “Wealth Defense Industry” as a villain and an enemy of economic fairness and meritocracy. He takes a whirlwind tour of the world’s tax havens – places like the Cayman Islands and Bermuda, but also Switzerland and the state of Delaware – to describe the siphoning of wealth away from the masses and toward the greedy. Born into inherited wealth himself, Collins offers remedies that might tilt the economic playing field in a different direction.
Summary
About the Author
Chuck Collins is a senior scholar at the Institute for Policy Studies in Washington, DC, where he directs the Program on Inequality and the Common Good. His previous books include Born on Third Base: A One Percenter Makes the Case for Tackling Inequality and, with Bill Gates Sr., Wealth and Our Commonwealth: Why America Should Tax Accumulated Fortunes.
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