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Monopoly Restored : How the Super-Rich Robbed Main Street by Jack Lawrence Luzkow is a nonfiction available to read on EtoBox.

What is Monopoly Restored : How the Super-Rich Robbed Main Street about?

"This book is a work of contemporary economic history focusing primarily on the US and the UK. It shows that, historically, much of the wealth of the ultra-wealthy has been based on inheritance, tax evasion, political influence, or wage theft. Today, much of the wealth of the rentier class--the super-rich--is based on income from ownership or control of scarce assets, or assets artificially made scarce. As a result, the super-rich reap much of their wealth from patents, monopolies, and subsidies. Their banks retain the right to speculate on risky derivatives, and their credit-card companies are not limited by usury laws that reduce interest rates. The super-rich have lowered (or escaped) inheritance taxes, shifted much of their income to lower taxed capital gains, practiced wage theft, fought minimum wage laws, outsourced jobs, and resorted to temps and contract labor to avoid unions and decent wages. They use tax havens where trillions of dollars remain untaxed, transfer profits of their intellectual and financial property to subsidiaries in low-tax regimes, and defend for-profit health insurance that is unaffordable and inequitable for millions. This book states in qualitative an

Who reads Monopoly Restored : How the Super-Rich Robbed Main Street?

Author

Jack Lawrence Luzkow

Publisher

Springer International Publishing : Imprint: Palgrave Macmillan

Published

2018

Language

EN

ISBN

9783319939940

Category

nonfiction

Subjects

Political Science, History, Economics