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Podcast: New Books in Finance
Episode: Chuck Collins, "The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions" (Polity, 2021)
Description: For decades, a secret army of tax attorneys, accountants and wealth managers has been developing into the shadowy Wealth Defense Industry. These âagents of inequalityâ are paid millions to hide trillions for the richest 0.01%. In The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions (Polity, 2021), inequality expert Chuck Collins, who himself inherited a fortune, interviews the leading players and gives a unique insider account of how this industry is doing everything it can to create and entrench hereditary dynasties of wealth and power. He exposes the inner workings of these âagents of inequalityâ, showing how they deploy anonymous shell comp...