Since 1983, the Forbes magazine list of the 50 wealthiest families in the United States have seen their wealth increase by an average of 1000% while the average American household has seen their wealth increase 93% during that same time. What do these wealthy families do with the wealth and power they've amassed during that time? Rig the rules for their own personal benefit. Chuck Collins, Director of the Program on Inequality and the Common Good at the Institute of Policy Studies, returns to Democracy Nerd to discuss the new report "Silver Spoon Oligarchs: How America's 50 Largest Inherited-Wealth Dynasties Accelerate Inequality" and warns about acceding political power to Jeff Bezos' unborn grandchildren.
Silver Spoon Oligarchs: How America's 50 Largest Inherited-Wealth Dynasties Accelerate Inequality