Wealth Hoarding Harms investigates the escalating concentration of wealth and its widespread societal repercussions. Rather than a mere observation, the book rigorously explores the root causes and implications of wealth inequality, emphasizing how extreme wealth concentration undermines economic stability and erodes public trust.
The book reveals how the top 1% amasses a disproportionate share of global wealth, facilitated by tax policies and investment strategies that exacerbate economic disparities.
The book traces the history of wealth distribution, highlighting pivotal moments like deregulation and the decline of labor unions. It connects wealth hoarding to diminished economic mobility, weakened social cohesion, and compromised democratic institutions. For example, the concentration of wealth can deprive broader populations of opportunities and distort political processes.
The book progresses from defining wealth and outlining the scope of inequality to exploring drivers of wealth concentration and culminates in a discussion of potential policy solutions like wealth taxes.
