Plutocracy: a country or society governed by the wealthy. Many worry that this is the direction that the U.S. is headed — or is already there. A number of lawmakers are proposing changes in how taxes are levied to the uber-rich, while others are calling these plans “socialism”. Chuck Collins, Director the Program on Inequality […]
“The top 20 individuals in the U.S. have more wealth than the bottom half of the population.” Jan Miyasaki interviews Chuck Collins from the Institute for Public Studies, co-author of the report “Billionaire Bonanza“, about wealth inequality and the growing gap between the very rich and the “average” U.S. citizen.