Billionaires' Ball: Gluttony and Hubris in an Age of Epic Inequality

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Beacon Press, Mar 26, 2013 - Business & Economics - 268 pages
7 Reviews

A society top-heavy with billionaires may seem like a paradise of upward mobility, but it actually more closely resembles a boneyard of broken dreams for all but a lucky few. Between 1980 and 2008, the incomes of the bottom 90 percent of Americans grew by a meager 1 percent compared to a whopping 403 percent for the top .01 percent. We tend to regard these large fortunes as proof of a meritocracy, yet there is no evidence that members of today's super-rich are any more talented or hardworking than were the elite of a generation ago. Via vivid profiles of billionaires—ranging from philanthropic capitalist Bill Gates and the infamous Koch brothers to brazen private equity baron Stephen Schwarzman—Billionaires' Ball debunks the notion that they “deserve” their grand fortunes, when such wealth is really a by-product of a legal and economic system that's become deeply flawed and is now threatening the quality of life and very functioning of our democracy.

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LibraryThing Review

User Review  - lakanta - LibraryThing

A well written overview of some of what is wrong with the economics system as it stands today. A lot of the information I was already familiar with, having read other popular economic books, but I ... Read full review

LibraryThing Review

User Review  - ritaer - LibraryThing

This book lays out the argument for reducing the current inequality of income in the United States. Those who agree will find many statistics to back up their point of view. Those who disagree will ... Read full review

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About the author (2013)

Linda McQuaig is the author of seven Canadian best sellers and has been a national reporter for the Toronto Globe and Mail, a senior writer for Maclean's, and a political columnist for the Toronto Star.
 
Author of three books, Neil Brooks is director of the Graduate Program in Taxation at Osgoode Hall Law School in Toronto. 

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