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The Good Rich and What They Cost Us
This timely book holds up for scrutiny a great paradox at the core of the American Dream: a passionate belief in the principle of democracy combined with an equally passionate celebration of the creation of wealth. Americans treasure an open, equal society, yet we also admire those fortunate few who amass riches on a scale that undermines social equality. In today's era of \"vulture capitalist\" hedge fund managers, internet fortunes, and a growing concern over inequality in American life, should we cling to both parts of the paradox? Can we?
To understand the problems that vast individual fortunes pose for democratic values, Robert Dalzell turns to American history. He presents an intriguing cast of wealthy individuals from colonial times to the present, including George Washington, one of the richest Americans of his day, the \"robber baron\" John D. Rockefeller, and Oprah Winfrey, for whom extreme wealth is inextricably tied to social concerns. Dalzell uncovers the sources of contradictory attitudes toward the rich, how the very rich have sought to be perceived as \"good rich,\" and the facts behind the widespread notion that wealth and generosity go hand in hand. In a thoughtful and balanced conclusion, the author explores the cost of our longstanding attitudes toward the rich.
Among the case studies inAmerica's Good Rich:
Puritan merchant Robert Keayne
George Washington
Manufacturers Amos & Abbot Lawrence
Oil magnate John D. Rockefeller
Bill Gates
Warren Buffet
Steve Jobs
Oprah Winfrey
eBook
\Trickle Down Theory\ and \Tax Cuts for the Rich\
Unmasking the Truth about Tax Cuts In this essential essay, Thomas Sowell, with his trademark independent-minded approach, challenges the prevailing narratives surrounding tax cuts and \"trickle-down\" economics. He argues that this often-used term is a distorted simplification, obscuring the nuanced reality of how tax policy impacts economic activity. Sowell provides a clear-eyed perspective, grounded in historical analysis, that will reshape your understanding of prosperity. In this essay, Sowell: * debunks the \"trickle-down\" myth as a misrepresentation of economic arguments; * examines the historical context of tax cuts and their actual consequences; * highlights the role of incentives in driving economic behavior and growth; * offers a vital framework for understanding the complexities of tax policy; and * challenges conventional wisdom and encourages critical thinking about economic debates.
eBook
Rich Indians
Long before lucrative tribal casinos sparked controversy, Native Americans amassed other wealth that provoked intense debate about the desirability, morality, and compatibility of Indian and non-Indian economic practices. Skillfully blending social, cultural, and economic history, Alexandra Harmon examines seven such instances of Indian affluence and the dilemmas they presented both for Native Americans and for Euro-Americans--dilemmas rooted in the colonial origins of the modern American economy.This wide-ranging book looks at controversies concerning Powhatan economic status and aims during the Virginia colony's first years; the ambitions of some bicultural eighteenth-century Creeks and Mohawks; prospering Indians of the Southeast in the early 1800s; inequality among removed tribes during the Gilded Age; the spending of oil-rich Osages in the Roaring Twenties; resurgent tribal communities from Alaska to Maine in the 1970s; and casinos that have drawn gamblers to Indian country across the United States since the 1990s. Harmon's study not only compels us to look beyond stereotypes of greedy whites and impoverished Indians, but also convincingly demonstrates that Indians deserve a prominent place in American economic history and in the history of American ideas.
eBook
Taxing the rich : a history of fiscal fairness in the United States and Europe
\"Taxing the Rich draws on unparalleled evidence from twenty countries over the last two centuries to provide the broadest and most in-depth history of progressive taxation available. Scheve and Stasavage explore the intellectual and political debates surrounding the taxation of the wealthy while also providing the most detailed examination to date of when taxes have been levied against the rich and when they haven't. Fairness in debates about taxing the rich has depended on different views of what it means to treat people as equals and whether taxing the rich advances or undermines this norm. Scheve and Stasavage argue that governments don't tax the rich just because inequality is high or rising--they do it when people believe that such taxes compensate for the state unfairly privileging the wealthy. Progressive taxation saw its heyday in the twentieth century, when compensatory arguments for taxing the rich focused on unequal sacrifice in mass warfare. Today, as technology gives rise to wars of more limited mobilization, such arguments are no longer persuasive. Taxing the Rich shows how the future of tax reform will depend on whether political and economic conditions allow for new compensatory arguments to be made.\"--Publisher's Web site.
Book
Arabella
Exposes Arabella Advisors as a major \"dark money\" operation that channels billions into progressive causes through opaque networks and deceptive grassroots groups, revealing its significant influence on U.S. politics and its far-reaching impact on issues from Supreme Court nominations to election manipulation. \"Ever heard of Arabella Advisors? Probably not. And that's strange, since they've done a lot to destroy the world you grew up in. You should know, so read this book.\" —Tucker Carlson While billionaires like George Soros, Bill Gates, and Warren Buffett are well known as left-wing megadonors transforming the country's politics, few Americans know about Arabella Advisors, a \"dark money\" operation that channels much of this money into particular causes via pop-up groups designed to look like grassroots outfits. Citizens across the spectrum will be shocked to learn how Arabella's empire secretly operates using arrangements that produce the darkest of \"dark money.\" Thanks to the author and his colleagues at the Capital Research Center, which first exposed Arabella, even the mainstream press have begun to report on this scandalous story. As this book reveals, Arabella is a major player in battles over Supreme Court nominations, environmentalism, abortion, Medicare for All, fake local news outlets, \"Zuck Bucks\" that manipulate election offices, lawsuits brought by Democratic super-lawyer (and Steele dossier booster) Marc Elias, and much more. The money is staggering. In the 2018 election cycle, Arabella's nonprofits took in {dollar}1.2 billion, more than double the fundraising of the Democratic National Committee and the Republican National Committee combined. In the 2020 election cycle, Arabella's fundraising spiked to {dollar}2.4 billion. This mountain of money explains why the left-leaning major media are alarmed. Arabella is \"the indisputable heavyweight of Democratic dark money, \" warns the Atlantic. A \"dark-money behemoth, \" says Politico. An \"opaque network, \" says the New York Times, that funnels \"hundreds of millions of dollars through a daisy chain of groups supporting Democrats and progressive causes.\"
eBook
Democracy awakening : notes on the state of America
In 'Democracy Awakening', American historian Heather Cox Richardson examines how, over the decades, an elite minority have made war on American ideals. By weaponising language and promoting false history, they are leading Americans into authoritarianism and creating a disaffected population. Many books tell us what has happened over the last five years. In 'Democracy Awakening', Richardson wrangles America's meandering and confusing news feed into a coherent story to explain how America got to this perilous point, what Americans should pay attention to, and what the future of democracy holds.
Book
The New Elite
Marketing consultant Taylor and branding specialist Harrison mine success stories of the truly rich to learn how they acquired their fortunes, whether it has changed them and how they live their lives. Arguing that the wealthy are poorly understood by the average American, the media and marketers of high-end products, the authors contend that accurately understanding this group is critical for success in the marketing, sales, product development, branding and advertising fields.
eBook