"The difference between a millionaire and a billionaire? About a billion dollars."
Having said that the article does cite ways in which millionaires have leaned on lawmakers to favor them. Doctor lobby, realtor lobby, car dealership lobby.
> When we talk about wealth, we mainly talk about billionaires. But what if that’s not the most important truth about wealth in America? What if there were another group that, without drawing much attention, had grown collectively thirteen times richer than the Forbes 400? And that was even more effective at using its financial-political clout?
Yes, collectively the 5 million wealthiest households in America are equivalent to the richest 400 people. Somehow the people who build businesses for themselves in regulated industries are the the real villains, not the billionaires who "donate" their way into political positions... sure.
https://archive.ph/9LbYO
"The difference between a millionaire and a billionaire? About a billion dollars."
Having said that the article does cite ways in which millionaires have leaned on lawmakers to favor them. Doctor lobby, realtor lobby, car dealership lobby.
>"The difference between a millionaire and a billionaire? About a billion dollars."
Thw difference is a disorder of magnitude.
This feels like propaganda for billionaires. Millionaires are closer to homelessness than they are to billionaires
> When we talk about wealth, we mainly talk about billionaires. But what if that’s not the most important truth about wealth in America? What if there were another group that, without drawing much attention, had grown collectively thirteen times richer than the Forbes 400? And that was even more effective at using its financial-political clout?
Yes, collectively the 5 million wealthiest households in America are equivalent to the richest 400 people. Somehow the people who build businesses for themselves in regulated industries are the the real villains, not the billionaires who "donate" their way into political positions... sure.
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