The powerful millionaires hiding in plain sight
A new book titled 'The Everywhere Millionaire' argues that the majority of American wealth is held by 'Main Street' business owners rather than high-profile billionaires. The authors suggest these private business owners exert significant political and economic influence while remaining largely unnoticed.
Why it matters
It challenges the prevailing narrative regarding wealth inequality and the concentration of power in the United States.
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Who is rich in America, and how did they get there?
That's the central question of an eye-opening new book, The Everywhere Millionaire , by two economists who have spent more than a decade researching the wealthiest Americans. Their answer challenges the popular narrative that America is in a new Gilded Age dominated by a small number of spectacularly rich billionaires.
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