Ten Ways You Are Being Burned by Billionaires
Wealth concentration affects your life, whether you realize it or not.
As a co-editor of Inequality.org, I get a lot of fan mail and a few complaints. Recently, someone named Greg wrote in,
“None of my problems exist as a result of someone else being a billionaire.”My response to Greg:
“An economy rigged to funnel so much wealth and power to the billionaire class is bad for you and everyone else. It undermines your life in some major ways.”
I wrote my new book, Burned by Billionaires: How Concentrated Wealth and Power are Ruining Our Lives and Planet, for folks like Greg to talk about how extreme wealth inequality disrupts our daily lives.
Here are ten ways you are being burned by billionaires, pulled from my book. My analysis doesn’t focus on the behavior of individual billionaires — though some are problematic — but rather the system of laws, rules and regulations tipped in favor of big asset owners at the expense of wage earners and working folks.
Author's summary: Billionaires' wealth affects everyone's life.