Summary of 99 to 1

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Rating

7 Overall

9 Importance

7 Innovation

6 Style


Recommendation

Chuck Collins, a senior scholar at the Institute for Public Policy and the co-author of several books on social disparity, examines the overall scope of wealth inequality. He offers a history of how today’s economic situation evolved, makes an impassioned plea for deflating the superrich and provides a political prescription for economic equality. Collins occasionally indulges in over-the-top phrasing – for example, “the inequality death spiral.” This shows his genuine passion about the massive issue of wealth inequality, but perhaps he would be even more persuasive without the rhetorical flourishes. getAbstract recommends Collins’s book, even to those who may disagree, as an important portrait of crucial economic issues.

In this summary, you will learn

  • Which sector of the population constitutes the 1%,
  • Who makes up the rest,
  • How the wealth gap evolved and
  • What people can do about it.
 

About the Author

Chuck Collins is the author or co-author of several books on economic inequality including Economic Apartheid in America with Felice Yeskel and Wealth and Our Commonwealth with Bill Gates Sr.

 

Summary

The Rich Get Richer
In the 1980s, President Ronald Reagan implemented substantial tax reductions for the rich. Since then, the wealthiest 1% of Americans have become enormously richer. At the same time, everyone else (the 99%) has lost ground, including the once thriving US middle class...

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    anthony Allen 6 years ago
    Great read for those who wonder why Occupy Wall Street resonates with so many people. OWS need to make this book part of a platform for change in America.
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    Ronald Destar 6 years ago
    enlighten...www.ronalddestra.com