"Wolff’s calm, scholarly prose contains a powerful warning for all of us: a democratic society cannot survive the awesome concentration of wealth that has occurred in America since the 1970s." —Barbara Ehrenreich
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"Wolff’s analysis slices through the fog about the supposed health of the American economy through the go-go ’80s and ’90s. . . . There [is] no ignoring the consequences of the massive inequality Wolff describes." —James Ledbetter, Newsday
An economist's account of the gains the rich made in the 1980s, this book shows the increase in the inequality of wealth using examples and facts and figures. In the second part of the book, the author demonstrates that the majority of advanced industrial countries tax household wealth holdings, while the USA does not. Examining the various taxes in Europe, Wolff proposes a Swiss-style, direct wealth tax for the USA that would raise about $40 billion per year.