- CounterPunch.org - https://www.counterpunch.org -

How America’s 50 Largest Inherited-Wealth Dynasties Accelerate Inequality

The “Silver Spoon Oligarch” report finds that inherited wealth dynasties are growing not only due to an inadequate tax system, but also excessive hiding of wealth in dynasty trusts, and low charitable giving by multi-generational wealth dynasties. It also finds that members of the inherited wealth generation are using their wealth and power to rig the rules to get more wealth and power. Some are even using their charitable donations and political giving to press for lower taxes.