LEADER 03477nam 22004935 450 001 9910299628803321 005 20200705032236.0 010 $a3-319-93994-7 024 7 $a10.1007/978-3-319-93994-0 035 $a(CKB)4100000005249086 035 $a(DE-He213)978-3-319-93994-0 035 $a(MiAaPQ)EBC5455712 035 $a(EXLCZ)994100000005249086 100 $a20180716d2018 u| 0 101 0 $aeng 135 $aurnn|008mamaa 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aMonopoly Restored $eHow the Super-Rich Robbed Main Street /$fby Jack Lawrence Luzkow 205 $a1st ed. 2018. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2018. 215 $a1 online resource (VII, 384 p.) 311 $a3-319-93993-9 327 $a1. Introduction -- 2. Democracy Corrupted -- 3. The Rise and Rise of Wall Street and the City of London -- 4. The Ascendancy of the Corporate Elite -- 5. The Decline of Main Street and the Middle Class -- 6. The Politics of Taxes -- 7. The Business of Healthcare -- 8. Big and Bigger Agribusiness: Farm to Table -- 9. What Can Be Done? 330 $aThis book is a work of contemporary economic history focusing primarily on the US and the UK. It shows that, historically, much of the wealth of the ultra-wealthy has been based on inheritance, tax evasion, political influence, or wage theft. Today, much of the wealth of the rentier class?the super-rich?is based on income from ownership or control of scarce assets, or assets artificially made scarce. As a result, the super-rich reap much of their wealth from patents, monopolies, and subsidies. Their banks retain the right to speculate on risky derivatives, and their credit-card companies are not limited by usury laws that reduce interest rates. The super-rich have lowered (or escaped) inheritance taxes, shifted much of their income to lower taxed capital gains, practiced wage theft, fought minimum wage laws, outsourced jobs, and resorted to temps and contract labor to avoid unions and decent wages. They use tax havens where trillions of dollars remain untaxed, transfer profits of their intellectual and financial property to subsidiaries in low-tax regimes, and defend for-profit health insurance that is unaffordable and inequitable for millions. This book states in qualitative and quantitative terms how expensive the super-rich have become, why they are unsustainable for the rest of us, and what the way forward to greater economic equality may be. In sum, the super-rich are unaffordable. 606 $aSchools of economics 606 $aEconomic policy 606 $aEconomic history 606 $aHeterodox Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W53000 606 $aEconomic Policy$3https://scigraph.springernature.com/ontologies/product-market-codes/W34010 606 $aEconomic History$3https://scigraph.springernature.com/ontologies/product-market-codes/W41000 615 0$aSchools of economics. 615 0$aEconomic policy. 615 0$aEconomic history. 615 14$aHeterodox Economics. 615 24$aEconomic Policy. 615 24$aEconomic History. 676 $a320.5130973 700 $aLuzkow$b Jack Lawrence$4aut$4http://id.loc.gov/vocabulary/relators/aut$01058691 906 $aBOOK 912 $a9910299628803321 996 $aMonopoly Restored$92501969 997 $aUNINA