Billionaires' Ball: Gluttony and Hubris in an Age of Epic Inequality Best Sellers Rank : #1
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A society top-heavy with billionaires may seem like a paradise of upward mobility, but it actually more closely resembles a boneyard of broken dreams for all but a lucky few. Between 1980 and 2008, the incomes of the bottom 90 percent of Americans grew by a meager 1 percent compared to a whopping 403 percent for the top .01 percent. We tend to regard these large fortunes as proof of a meritocracy, yet there is no evidence that members of today?s super-rich are any more talented or hardworking than were the elite of a generation ago. Via vivid profiles of billionaires?ranging from philanthropic capitalist Bill Gates and the infamous Koch brothers to brazen private equity baron Stephen Schwarzman?Billionaires? Ball debunks the notion that they ?deserve? their grand fortunes, when such wealth is really a by-product of a legal and economic system that?s become deeply flawed and is now threatening the quality of life and very functioning of our democracy.?
A society top-heavy with billionaires may seem like a paradise of upward mobility, but it actually more closely resembles a boneyard of broken dreams for all but a lucky few. Between 1980 and 2008, the incomes of the bottom 90 percent of Americans grew by a meager 1 percent compared to a whopping 403 percent for the top .01 percent. We tend to regard these large fortunes as proof of a meritocracy, yet there is no evidence that members of today?s super-rich are any more talented or hardworking than were the elite of a generation ago. Via vivid profiles of billionaires?ranging from philanthropic capitalist Bill Gates and the infamous Koch brothers to brazen private equity baron Stephen Schwarzman?Billionaires? Ball debunks the notion that they ?deserve? their grand fortunes, when such wealth is really a by-product of a legal and economic system that?s become deeply flawed and is now threatening the quality of life and very functioning of our democracy.?