From Inc · · 40s
Mad About Inequality
A new book reveals how quiet 'everyday millionaires' quietly hold more political power than billionaires.
In brief
A new book reveals how quiet 'everyday millionaires' quietly hold more political power than billionaires. Economists Owen Zidar and Eric Zwick argue that pass-through businesses owned by 'stealthy wealthy' have grown since Reagan tax cuts, creating a hidden wealth group that influences politics more than billionaires…
The Hidden Wealth Group
Americans are angry about inequality but overlook a quiet group of wealthy individuals who influence politics.
The Stealthy Wealthy
Economists Owen Zidar and Eric Zwick say pass-through businesses have created a hidden wealth group since Reagan tax cuts.
Pass-Through Businesses
Car dealerships, restaurants, and supermarkets are examples of pass-through businesses that grew after Reagan tax changes.
Here's the gist
Economists Owen Zidar and Eric Zwick argue that pass-through businesses owned by 'stealthy wealthy' have grown since Reagan tax cuts, creating a hidden wealth group that influences politics more than billionaires.
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