Podcasts about hide trillions

While Trump is in the Middle East making family business deals, House Republicans today proposed their tax cut bill, with a price tag of nearly $5T, paid for with cuts to Medicaid, food stamps, green energy programs, and everything else DOGE took a chainsaw to. But who actually pays taxes these days? The US is now the world's second largest tax haven, moving ahead of Switzerland, and trailing only the Cayman Islands. Here's my 2021 conversation with CHUCK COLLINS, who directs the Program on Inequality and the Common Good at the Institute for Policy Studies and co-edits their newsletter, Inequality Weekly. We talk about his latest book, THE WEALTH HOARDERS: How Billionaires Pay Millions to Hide Trillions. You can learn more at inequality.org

Chuck Collins, author of several works of nonfiction including The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions is Jen's guest today. They mostly discuss his debut novel, Altar to an Erupting Sun, a near-future story of one community facing climate disruption came out this May. “My bologna has a first name, it's O-S-C-A-R. My bologna has a second name, it's M-A-Y-E-R….” Listeners of a certain age will remember that television ad jingle from their childhoods. Chuck Collins also has childhood and young adult memories as the great-grandson of Oscar F. Mayer, founder of the eponymous meat company, of giving up his fortune for the greater good. When he was 26, he received an inheritance of $500,000 (what would be around $1.4 million today). Instead of spending or investing the money, he donated it to various foundations. Today, Chuck is the Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, where he co-edits the website Inequality Dot Org. He is an expert on U.S. inequality and the racial wealth divide and author of over ten books and dozens of reports about inequality, climate disruption, philanthropy, the racial wealth divide, affordable housing, and billionaire wealth dynasties. Praise for Chuck's work is voluminous. Truly a who's who in politics, academia, and policy circles shared their admiration for The Wealth Hoarders. Senator Bernie Sanders said “Chuck's book reveals not only the inner workings of this elaborate scheme to hide more than $20 trillion in wealth, it offers us a blueprint for reversing this obscene inequality so we can take back our democracy and ensure that our government works for everybody—not just the billionaire class and wealthy campaign contributors.” Brooke Harrington, Professor of Sociology at Dartmouth College and author of Capital without Borders: Wealth Managers and the One Percent said Chuck Collins  "Skillfully blends personal narrative with social scientific research to create unique insights into a world of privilege that is ordinarily out of sight and out of mind for the rest of us." David Cay Johnston, Pulitzer Prize winning journalist and author of Perfectly Legal  said: “While government takes out taxes before we get paid, the wealthiest avoid taxes with trusts, evade taxes with help from tax haven governments and escape the IRS because Congress hobbles tax law enforcement. Collins, who rejected the privilege of his birth, explains in plain English how wealth hoarding works and shows how we can stop this costly corruption.” Contact Booked Up: You can email Jen & the Booked Up team at: BOOKEDUP@POLITICON.COM or by writing to:  BOOKED UP  P.O. BOX 147 NORTHAMPTON, MA 01061 Get More from Chuck Collins Website | Author of ALTAR TO AN ERUPTING SUN and THE WEALTH HOARDERS More from Jen Taub: Twitter | Money & Gossip  Substack | Author of BIG DIRTY MONEY 

Ralph welcomes back Chuck Collins, heir to the Hormel fortune and cofounder of Patriotic Millionaires to discuss his latest report “The True Cost of Billionaire Philanthropy” which asks the question, “Would society be better off if billionaires just kept their money and paid their fair share of taxes?” Plus, we speak briefly about the situation in Gaza with Lara Friedman, president of the Foundation for Middle East Peace and Francesco DeSantis keeps us up to date with the latest news with his segment “In Case You Haven't Heard.”Chuck Collins directs the Charity Reform Initiative at the Institute for Policy Studies, where he also co-edits Inequality.org.  Mr. Collins co-founded the Patriotic Millionaires and United for a Fair Economy, and he is the author of Born on Third Base and The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions.Here's our analysis: for every dollar that Elon Musk or Bill Gates - some of these billionaires - give, the rest of us chip in 74 cents in lost tax revenue. And that's at the federal level... So, these are our tax dollars at work. And yet they're completely unaccountable in terms of where the money goes.Chuck CollinsThe financial industry, the wealth advisors—I call them the wealth defense industry—the tax attorneys and accountants. They have started to capture corners of what we think of as philanthropy with the same kind of worldview—capital preservation, tax minimization, passing on as much wealth to the next generation. So, you see ultra-wealthy people creating family foundations. And the most important thing to realize is this is taxpayer-subsidized private power.Chuck CollinsWe need to change the laws governing philanthropy. The framework that we are living with now is from 1969, which was a zenith of relative equality in the United States. We wouldn't have necessarily known that 50 years later we would be living in an oligarchy where billionaires would use their charity as an extension of their influence and power as aggressively as they are now.Chuck Collins[Shareholder resolutions are] a good way to shine some light on the murky, narcissistic, self-enriching practices of these executives who often do so at the expense of their own companies in a conflict of interest. It would be good if this discussion sparked something like that… It's not a structural reform of our political economy, to be sure. But it does alleviate some of the poverty, some of the health care necessities, the housing necessities in the areas where these corporations operate.Ralph NaderLara Friedman is the President of the Foundation for Middle East Peace. She is a leading authority on the Middle East, with particular expertise on U.S. foreign policy in the region, on Israel/Palestine, and on the way Middle East and Israel/Palestine-related issues play out in Congress and in U.S. domestic politics, Ms. Friedman is a former officer in the U.S. Foreign Service, with diplomatic postings in Jerusalem, Washington, Tunis and Beirut. She also served previously as the Director of Policy and Government Relations at Americans for Peace Now.In Case You Haven't Heard with Francesco DeSantis1. The AP reports Hamas has released a third group of hostages – including 14 Israelis and the first American hostage – as part of a four-day truce with Israel. In return, Israel has released 39 Palestinian prisoners. The Biden administration has expressed that their goal is to extend the ceasefire as long as possible. This about-face in administration policy is a testament to the power of the sustained protest and public pressure campaigns in favor of a ceasefire. However, this truce is scheduled to expire at the end of this week.2. Going further, Vermont Senator Peter Welch has called for an “indefinite ceasefire,” following the horrific shooting of three Palestinian-American students in Burlington, Vermont. Senator Welch writes “The ceasefire must be extended...to stop the bombing and prevent further loss of civilian life. The United States cannot condone a resumption of the bombing when it causes death and injury to so many civilians.” It is noteworthy that the other Senator from Vermont, Bernie Sanders, still refuses to call for a ceasefire.3. The Nation has published a piece on the genocide in Gaza that was pulled from the Harvard Law Review at the last moment. The opening lines of this article read “Genocide is a crime. It is a legal framework. It is unfolding in Gaza. And yet, the inertia of legal academia, especially in the United States, has been chilling. Clearly it is much easier to dissect the case law rather than navigate the reality of death. It is much easier to consider genocide in the past tense rather than contend with it in the present. Legal scholars tend to sharpen their pens after the smell of death has dissipated and moral clarity is no longer urgent.”4. The Intercept's Ryan Grim has shared an excerpt from his new book The Squad: AOC and the Hope of a Political Revolution in which he seeks to explain Pennsylvania Senator John Fetterman's intransigent stance in favor of Israel. Essentially, Grim argues that Fetterman made a deal with AIPAC and the Democratic Majority For Israel, with Fetterman pledging opposition to the BDS movement and support for unconditional military aid to Israel, and in exchange, “DMFI and AIPAC stayed out of his race.”5. Independent journalist Séamus Malekafzali reports “A member of Germany's ruling coalition from the Greens wants all German media to sign a pledge to support Israel and its ‘right to exist', similar to how Axel Springer's media organizations (like Politico) do.” To learn more about POLITICO's new ultra-Zionist German ownership, check out the first issue of the Capitol Hill Citizen.6. The Prospect is out with a blockbuster article on the first major anti-trust case in 25 years, U.S. v. Google. This piece traces how what was once billed as the “Trial of the Century” became “the Secret Trial,” and stresses the testimony of Al-Amyn Sumar, legal counsel for the New York Times who “listed the factors that separated this case from any other his legal team had seen before… [including] numerous closed-door proceedings, withholding of public evidence, and extensive confidentiality claims by companies (not just Google, but secondary parties to the case like Microsoft and Apple) that were granted all too liberally by the judge. [Sumar noted] Even access to trial transcripts were scant, trickling out weeks after examinations.” Sumar capped this off by saying “this simply can't be the best way to go about the legal process.”7. The Prospect also reports the Biden-appointed chair of the Commodity Futures Trading Commission, Rostin Behnam, is attempting to implement a Trump-era rule that would “roll back Dodd-Frank protections for swap trades, a major class of derivatives that led directly to the 2008 financial crisis, by relaxing margin requirements for certain categories of investment funds.” Several Democrats are coming out in opposition to this move. A letter from Senator Sherrod Brown decries this as “a step in the wrong direction… [which would] undermine the goals of Dodd-Frank.”8. A third story from the Prospect focuses on deceptive Medicare Advantage plans, and specifically how they have been able to legally circumvent ACA protections covering pre-existing conditions. Put simply, if one enrolls in a Medicare Advantage program before age 65, then wishes to transition to traditional Medicare, they can be forced to undergo “underwriting” or medical health screening. As of now, only four states – New York, Massachusetts, Connecticut, and Maine – prevent Medigap, the Medicare supplemental insurance that covers the 20 percent of medical expenses not covered by Medicare, from underwriting Medicare Advantage patients attempting to switch back to traditional Medicare. As the article explains “The millions of Americans not living in those states are trapped in Medicare Advantage, because Medigap plans are legally able to deny them insurance coverage.” Yet another instance of the pernicious influence of Medicare Advantage on the health of American seniors.9. The Tuscon Sentinel has published a story which exemplifies the folly of the so-called school choice movement. Last year, Arizona became the first state to offer all families in the state public dollars to spend at private educational institutions. In response, nearly all private schools raised their tuition rates. As the article notes, “Critics…cite the tuition increases as evidence of what they've warned about for years: Universal school choice, rather than giving students living in poverty an opportunity to attend higher-quality schools, would largely serve as a subsidy for the affluent.”10. Finally, radical and cartoonish right-wing Libertarian Javier Milei has won the presidential election in Argentina. According to the AP, Milei has vowed to implement his signature “Chainsaw Plan” for “wholesale reform of the state to slash public spending, scrap half the government's ministries, sell state-owned companies and eliminate the central bank.” It remains to be seen how far Milei will go with this program, but signs point to turbulent times ahead in Argentina.This has been Francesco DeSantis, with In Case You Haven't Heard. Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe

Chuck Collins is the Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, where he co-edits Inequality.org.His 2021 book is titled, The Wealth Hoarders: How Billionaires Spend Millions to Hide Trillions. His newest book is a novel, Altar to an Erupting Sun, which is a near-future story of one community facing climate disruption in the critical decade ahead. The protagonist, Rae, lays the primary responsibility on the doorstep of a small number of powerful people in the fossil fuel industries that have actively blocked meaningful responses.    Another related study to climate change and income inequality shows that private jet travel of the ultra-wealthy adds to the harmful emissions that contribute to global warming and the taxpayers are subsidizing that industry for many wealthy people who do not need financial assistance. A corollary of the jet subsidy study and the novel is that the income inequality gap is growing dramatically. For example, Over the past 50 years, the highest-earning 20% of U.S. households have steadily brought in a larger share of the country's total income.  One percent owns 44% of the world's wealth. Income inequality in the U.S. is the highest of all the G7 and OECD nations, according to data from the Organization for Economic Cooperation and Development. Many of the following actions help create greater income inequality: deregulation, decline of labor unions, AI and automation, PACs and dark money donated to politicians, subsidies to industries such as fossil fuels and offshore tax havens. 

The Pandora Papers: The Wealth Defense Industry & its Methods to Protect Hide & Expand Wealth Inequality What type of political economic system during economic downturns produces as its initial and most consistent response, policies that rescue and compensate the losses of its most wealthy 1% while largely neglecting the interests of the 99% which include tens of millions of Americans on the brink of losing their jobs and their homes? Special guest, author, investigative journalist, and Director of Inequality.org Chuck Collins joins Bringing Light Into Darkness tonight to discuss the Pandora Papers and to unveil the hidden wealth system and its techniques of hiding and protecting that wealth from proper taxation. The impact is that the rest of the public picks up that tab. The 'Pandora Papers' are a trove of some 12 million records, revealing and exposing the finances of the world's wealthy elite. Chuck Collins is author of the book, The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions. Gross wealth inequality arguably is the greatest poison to democracy everywhere and it is one of the most underreported news items within our mainstream media, whose job it seems is to distract attention from this profound unfairness. Our guest shares the fact that 70% or more of US citizens support the concept that the richest should pay their fair share of taxes yet it does not happen. We discuss how such levels of wealth disparity distorts any chance of democracy in such a way that the majority interest and will is overwhelmed and trumped by the power of wealth in such a way that the political system becomes incapable of implementing the will of the majority population. It shows how much the power of wealth can block democratic change. Our guest describes this profoundly undemocratic reality this way, “I think part of the pickle we are in is as wealth concentrates in fewer hands, those wealthy people deploy their power, their wealth and power to rig the rules to get more wealth and power. It becomes kind of a vicious cycle.” This show unveils how wealth translates into power as well as the tools the ‘wealth defense industry' has at its disposal, and how this hidden wealth system acts against the popular will and best interest of the majority population. This profoundly negative impact on democracy is realized by increasingly blocking opportunities for everyone else. Pgatos pgatos00@gmail.com 10/11/2021

The Pandora Papers: The Wealth Defense Industry & its Methods to Protect Hide & Expand Wealth Inequality What type of political economic system during economic downturns produces as its initial and most consistent response, policies that rescue and compensate the losses of its most wealthy 1% while largely neglecting the interests of the 99% which include tens of millions of Americans on the brink of losing their jobs and their homes? Special guest, author, investigative journalist, and Director of Inequality.org Chuck Collins joins Bringing Light Into Darkness tonight to discuss the Pandora Papers and to unveil the hidden wealth system and its techniques of hiding and protecting that wealth from proper taxation. The impact is that the rest of the public picks up that tab. The 'Pandora Papers' are a trove of some 12 million records, revealing and exposing the finances of the world's wealthy elite. Chuck Collins is author of the book, The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions. Gross wealth inequality arguably is the greatest poison to democracy everywhere and it is one of the most underreported news items within our mainstream media, whose job it seems is to distract attention from this profound unfairness. Our guest shares the fact that 70% or more of US citizens support the concept that the richest should pay their fair share of taxes yet it does not happen. We discuss how such levels of wealth disparity distorts any chance of democracy in such a way that the majority interest and will is overwhelmed and trumped by the power of wealth in such a way that the political system becomes incapable of implementing the will of the majority population. It shows how much the power of wealth can block democratic change. Our guest describes this profoundly undemocratic reality this way, “I think part of the pickle we are in is as wealth concentrates in fewer hands, those wealthy people deploy their power, their wealth and power to rig the rules to get more wealth and power. It becomes kind of a vicious cycle.” This show unveils how wealth translates into power as well as the tools the ‘wealth defense industry' has at its disposal, and how this hidden wealth system acts against the popular will and best interest of the majority population. This profoundly negative impact on democracy is realized by increasingly blocking opportunities for everyone else. Pgatos pgatos00@gmail.com 10/11/2021

For the extremely wealthy who want to stash their money where nobody can find it, South Dakota is the place to go—or so recent reporting in the Pandora Papers has suggested. The state's lax regulations have made it possible for all kinds of unsavory characters to protect unthinkable sums from taxes or scrutiny. Is it time to make South Dakota just go away? On episode 37 of The Politics of Everything, hosts Laura Marsh and Alex Pareene discuss how the United States has become a tax haven and what would help solve the problem. Guests include Timothy Noah, a staff writer at The New Republic; Chuck Collins, the author of Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions; and Casey Michel, whose new book, American Kleptocracy: How the U.S. Created the World's Greatest Money Laundering Scheme in History, will be published in November. Learn more about your ad choices. Visit megaphone.fm/adchoices

Of Chuck Collins' recent book, Senator Bernie Sanders says “book reveals not only the inner workings of the elaborate scheme to hide more than $20 trillion in wealth, it offers us a blueprint for reversing this obscene inequality.” In that book, “The Wealth Hoarders: How Billionaires Spend Millions to Hide Trillions”, Chuck Collins talks about […] The post How “Silver Spoon Oligarchs” cheat the system to hoard the... appeared first on WORT 89.9 FM.

Chuck Collins, a member of Patriotic Millionaires, has unraveled how the super-rich use the wealth defense industry to gain power in its efforts to hoard and hide their clients' assets. As a result, it becomes a parasitical appendage on the real productive economy, extracting rents and fees from the wealthy and enterprising sectors of the economy. Mr. Collins joins Paul Jay on theAnalysis.news

Plus, we take your calls on viruses, vaccines, and variants on "Ask The Docs," and uncover how billionaires avoid paying taxes on their wealth with Chuck Collins, author of The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions.

Chuck Collins, a senior scholar at the Institute for Policy Studies, joins us to discuss his book, "The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions."

Chuck Collins author of the book, “The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions” and a senior scholar at the Institute for Policy Studies in Washington, DC, Topic: new report shows some of the wealthiest Americans don't pay much in taxes and Michael Horn, the American representative for UFO contractee Billy Meier and the world's leading authority on UFOs. Topic: prophesies from aliens

Chuck Collins author of the book, “The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions” and a senior scholar at the Institute for Policy Studies in Washington, DC Topic: new report shows some of the wealthiest Americans don't pay much in taxes

A couple of weeks ago Americans filed their income taxes. Well, some of them did anyway. In the last decade, the US has become the premiere global destination for hidden wealth. It is now the world’s second largest tax haven, moving ahead of Switzerland, and trailing only the Cayman Islands. I dig into this with CHUCK COLLINS, who directs the Program on Inequality and the Common Good at the Institute for Policy Studies and co-edits Inequality.org. We talk about his latest book, THE WEALTH HOARDERS: How Billionaires Pay Millions to Hide Trillions.

A couple of weeks ago Americans filed their income taxes. Well, some of them did anyway. In the last decade, the United States has become the premiere global destination for hidden wealth. It is now the world’s second largest tax haven, moving ahead of Switzerland, and trailing only the Cayman Islands. I dig into this with CHUCK COLLINS, who directs the Program on Inequality and the Common Good at the Institute for Policy Studies and co-edits Inequality.org. We talk about his latest book, THE WEALTH HOARDERS: How Billionaires Pay Millions to Hide Trillions. You can learn more at inequality.org

In his new book The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions, Chuck Collins unmasks how billionaires protect their wealth, power, and privilege.

How much money is "too much money?" At what point does amassed wealth no longer go towards buying things, but instead exerting power and shaping society? Just what the heck is a "precariat?" These questions are addressed by Chuck Collins, Director of the Program on Inequality and the Common Good at the Institute of Policy Studies, who joins Democracy Nerd to discuss his new book "Wealth Hoarders: How Billionaires Spend Millions to Hide Trillions"

Author, Chuck Collins speaks to Rev. Jim Wallis about his latest book, The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions. Collins sheds light on the architecture of wealth inequality and the spiritual consequences of hoarding wealth."Privilege is a disconnection drug, it keeps you apart from people. Wealth and privilege can create a boundary or a wall around your life and the antidote is connection."

Have you ever wonder how billionaires and millionaire, old or young, hide their rich? Specifically, what did they do, so that they can "hide" their money? In this episode, we have The Heir to Oscar Mayer, Chuck Collins, on to talk about his book, Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions. In the episode, Chuck talks about his take on passing down the wealth to the next generation, and also, all sorts of techniques that riches use to "hide" their wealth! From moving assets around, having trustees, to digital assets like cryptocurrency and all! My new book Skip The Line is out! Make sure you get a copy wherever you get your new book! Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president. I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify   Follow me on Social Media: YouTube Twitter Facebook See omnystudio.com/listener for privacy information.

It was recently announced that Chuck Feeney, the Irish American former airport duty free shopping entrepreneur who was worth $8bn, had, at the age of 89, succeeded in his goal of giving away all of his money to initiatives working to make the world a better place. Every cent. He suggested that to give away a huge fortune was far more fun than holding onto it. He once wrote “to those wondering about giving while living… try it, you'll like it”.   In today's podcast we are exploring how it would be if Feeney's thinking were to be embraced by those holding the vast reserves of money that the world needs to address its complex problems right now. What if they shifted and recognised the need to let go of what they're holding onto? And how would it feel to do so?   Dr Wanda Wyporska is Executive Director at The Equality Trust, the national charity that campaigns to reduce social and economic inequality. She is a Visiting Research Fellow at the University of York, a trustee of the Association of Chief Executives of Voluntary Organisations, Redthread Youth, and Equally Ours, as well as Governor of a primary school.   Chuck Collins is the Director for the Program on Inequality and the Common Good at the Institute for Policy Studies where he co-edits Inequality.org. He is author of the seminal book, Born on Third Base: A One Percenter Makes the Case for Tackling Inequality, Bringing Wealth Home, and Committing to the Common Good and co-author of Wealth and Our Commonwealth, a case for taxing inherited fortunes. His new book, The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions, is about the wealth defence industry and will be published in the UK in February 2021 and US in March 2021 by Polity Press.   Please consider supporting the podcast by visiting www.patreon.com/fromwhatiftowhatnext and becoming a patron.

Have you ever wonder how billionaires and millionaire, old or young, hide their rich? Specifically, what did they do, so that they can "hide" their money? In this episode, we have The Heir to Oscar Mayer, Chuck Collins, on to talk about his book, Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions. In the episode, Chuck talks about his take on passing down the wealth to the next generation, and also, all sorts of techniques that riches use to "hide" their wealth! From moving assets around, having trustees, to digital assets like cryptocurrency and all! My new book Skip The Line is out! Make sure you get a copy wherever you get your new book! Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president. I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify Follow me on Social Media: YouTube Twitter Facebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn

In The Wealth Hoarders, How Billionaires Pay Millions to Hide Trillions, Chuck Collins has just ripped the lid off this secret industry, laying out how the super wealthy hide their fortunes and escape tax liability. Chuck is an expert on economic inequality, and as an heir to the Oscar Mayer family fortune, he knows the wealth defense industry from the inside. Chuck gave away his own family inheritance rather than pursue a life of almost guaranteed comfort and financial security. His new book contains personal accounts of his own experience, and he interviews practitioners including lawyers and accountants, who rip the lid off this practice. “The Wealth Hoarders” has already received praise and positive reviews. “Chuck’s book reveals not only the inner workings of this elaborate scheme to hide more than $20 trillion in wealth, it offers us a blueprint for reversing this obscene inequality so we can take back our democracy and ensure that our government works for everybody―not just the billionaire class and wealthy campaign contributors,” wrote Senator Bernie Sanders. Writing in the New York Post, Larry Gelten wrote, [Collins’s ] “new book focuses on what he calls the Wealth Defense Industry (WDI), noting that not only do the ultra-wealthy — which he defines as the 0.1 percent — spend time and money ensuring they pay almost no taxes, but that there are over 90,000 professionals around the world whose careers are dedicated to helping them do so.” Frederik Obermaier, co-author of The Panama Papers, wrote, “The Wealth Hoarders reveals that a whole parallel world exists in which the rich and powerful enjoy the freedom to avoid not just taxes but all kinds of laws they find inconvenient.” --- Support this podcast: https://anchor.fm/john-aidan-byrne0/support

The price we pay for corporate consolidation. How the rich hide their wealth. Plus Bill Press with a view from Congress of the chances of passing the American Jobs Act.   Pat Garofalo on an antitrust agenda for working people. Chuck Collins on his newest book The Wealth Hoarders: How Billionaires Spend Millions to Hide Trillions. Plus Bill Press with Congressman John Yarmuth, chair of the House Budget Committee on what it will take to pass Biden’s infrastructure plan.  Pat Garofalo In a recent report, the Economic Liberties Project offers a roadmap to how the Biden Administration can reverse a corporate concentration crisis.  Pat Garafola says there is a growing sense across the political divide that this is an issue lawmakers need to confront.  Chuck Collins In his newest book, Chuck Collins explores how the richest Americans are able to hide their wealth and pay next to no taxes, and how this is deepening our nation’s economic divide.  John Yarmuth Bill Press with Representative John Yarmuth, head of the House Budget Committee,  on the necessity of passing Biden’s infrastructure plan. If you'd like to hear the entire episode, visit BillPressPods.com.  Jim Hightower Should Water Be A Wet Dream for Wall Street Speculators   Oh great – here comes a new stealth attack on the fragile, life-sustaining natural resources of Planet Earth. This assault is by Wall Street alchemists who’re out to redefine one of our most basic resources: Water.   Everyone knows that water is “invaluable” – it’s literally life, requiring a constant intake by each of us… or we quickly die. But the Wizards of Wall Street want to reduce potable H2O from its environmental, humanitarian, and spiritual essence to just another perishable economic good that they can market-price and sell to the highest bidder.

Chuck Collins, author of “The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions,” discusses economic inequality and how the ”Wealth Defense Industry” uses a wide range of trusts, foundations, offshore shell companies and fake losses to hide over $30 trillion from being taxed.

As our guest Chuck Collins explains, it’s like one person orders expensive wine for a dinner crowd and sneaks out without paying. His new book is titled The Wealth Hoarders; How Billionaires Pay Millions to Hide Trillions. What he calls The post How the Wealth Defense Industry Poisons Democracy appeared first on Keeping Democracy Alive.

For decades, a secret army of tax attorneys, accountants and wealth managers has been developing into the shadowy Wealth Defense Industry. These “agents of inequality” are paid millions to hide trillions for the richest 0.01%. In his book, "The Wealth Hoarders," inequality expert Chuck Collins 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 “agents of inequality,” showing how they deploy anonymous shell companies, family offices, offshore accounts, opaque trusts, and sham transactions to ensure the world’s richest pay next to no tax. He ends by outlining a robust set of policies that democratic nations can implement to shut down the Wealth Defense Industry for good.

    Chuck Collins gave away a fortune – literally. When he was in his twenties, the heir to the Oscar Mayer fortune gave away his millions to progressive political causes. Now a resident of Guilford, Vermont, Collins has spent his life fighting inequality and exposing how the rich make themselves richer at everyone else's expense. In his new book, The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions, Collins details how the rich deploy a secret army of bankers, lawyers, wealth managers, accountants and consultants that he dubs "the Wealth Defense Industry." He knows these people. They were the advisers who told him that he was a fool for giving away his money. He did it over their objections. “This hidden wealth system is really undermining…healthy democratic society,” says Collins, who is director of the Program on Inequality at the Institute for Policy Studies. “In the U.S. we are…building our own oligarchy of inherited wealth dynasties and that fundamentally puts us on a collision course with democratic institutions and norms. It's not just about avoiding taxes. It's really about avoiding accountability and enabling these huge inequalities to fester and grow.”

“Eleanor LeCain talks about the wealth defense industry that protects and hides trillions of dollars for the super-rich, how it impacts you, and how we can make the system more transparent and fair with Chuck Collins, author of The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions, and Director of the Program on Inequality and the Common Good at the Institute for Policy Studies www.Inequality.org.”

For decades, a secret army of tax attorneys, accountants and wealth managers has been developing into the shadowy Wealth Defense Industry. These ‘agents of inequality' 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 “agents of inequality”, showing how they deploy anonymous shell companies, family offices, offshore accounts, opaque trusts, and sham transactions to ensure the world's richest pay next to no tax. He ends by outlining a robust set of policies that democratic nations can implement to shut down the Wealth Defense Industry for good. This shocking exposé of the insidious machinery of inequality is essential reading for anyone wanting the inside story of our age of plutocratic plunder and stashed cash. Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day