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1. www.currentaffairs.org › news › 2024Why We Need Limits on Extreme Wealth - Current Affairs

   www.currentaffairs.org › news › 2024

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   Apr 8, 2024 · But in the book, you also discuss how extreme wealth confers a lot of political power. This concentration of power through concentration of wealth is very damaging and dangerous. You discuss the fact that it’s not just that a rich person gets a lot of numbers on a spreadsheet.

2. inequality.org › research › excessive-wealth-has-runExcessive Wealth Has Run Amok—This Must Stop

   inequality.org › research › excessive-wealth-has-run

   Mar 6, 2024 · How excessive wealth endangers democracy becomes clearer if one looks at the “life cycle” of wealth—from the moment of wealth extraction to how wealth is stored and how that wealth buys political influence that entrenches its power.

3. www.economist.com › finance-and-economics › 2018As inequality grows, so does the political influence of the rich

   www.economist.com › finance-and-economics › 2018

   Jul 21, 2018 · The relation between concentrated wealth and the political power of the rich is scarcely limited to political spending, or to America. The rich have many means to shape public opinion:...

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     Who owns the world's wealth? | CNBC Explains

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     Report finds increase in both extreme wealth and poverty

     Jan 15, 2023

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5. www.usatoday.com › story › newsWould putting a limit on extreme wealth solve power ...

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   Jul 18, 2024 · While some have pledged to give most of their wealth to charity, that still puts them in an enormous position of undemocratic, unvarnished power. The average CEO now brings in over 300 times...

6. www.hks.harvard.edu › faculty-research › policyHKS faculty tackle causes and effects of extreme economic ...

   www.hks.harvard.edu › faculty-research › policy

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   “Moreover, concentrations of income and wealth can concentrate political power in ways that threaten and undermine our democracy.”

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7. www.tandfonline.com › doi › fullCorruption and extreme wealth. Evidence at country level

   www.tandfonline.com › doi › full

   Apr 23, 2021 · The findings also evidence the positive statistical effect of economic and political variables on extreme wealth. In general, economic freedom, excluding government integrity, boosts extreme wealth. Specifically, it is found that property rights systems encourage super-fortunes mainly via new investments and reinvestment from wealthy individuals.

8. People also ask

   Does extreme wealth confer a lot of political power?

   • But in the book, you also discuss how extreme wealth confers a lot of political power. This concentration of power through concentration of wealth is very damaging and dangerous. You discuss the fact that it’s not just that a rich person gets a lot of numbers on a spreadsheet. It’s also a bad idea to allow people to have that much power.

   Why We Need Limits on Extreme Wealth - Current Affairs

   www.currentaffairs.org/news/2024/04/why-we-need-limits-on-extreme-wealth

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   What is the relationship between concentrated wealth and political power?

   • The relationship between wealth concentration and political power is not limited to political spending or America. The rich have various means to shape public opinion, such as financing think-tanks and buying media outlets.

   As inequality grows, so does the political influence of the rich

   www.economist.com/finance-and-economics/2018/07/21/as-inequality-grows-so-does-the-political-influence-of-the-rich

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   Does wealth contribute to concentrated power?

   • The evidence is troubling that as wealth increases, it contributes to concentrated power. The rich have a greater ability to press politicians to emphasize certain topics rather than others, leading to issues such as economic justice being crowded out. This phenomenon is known as the 'negative agenda power' of the rich.

   As inequality grows, so does the political influence of the rich

   www.economist.com/finance-and-economics/2018/07/21/as-inequality-grows-so-does-the-political-influence-of-the-rich

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   What is extreme wealth?

   • Table A1. Summary statistics for extreme wealth data Table A2. Descriptive statistics Table A3. Correlation matrix Extreme wealth, that of at least one billion dollars owned by a person or family, is a growing phenomenon in the world with potential effects on social, political and economic dimensions.

   Corruption and extreme wealth. Evidence at country level

   www.tandfonline.com/doi/full/10.1080/23311886.2021.1910163

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   How does money affect political power?

   • Rich people can translate their financial power into political power through a variety of mechanisms. In his article “Money in Politics”, Thomas Christiano (2012) discusses four types of mechanisms by which the expenditure of money can influence various aspects of political systems.

   What, if Anything, is Wrong with Extreme Wealth? - Taylor & Francis On…

   www.tandfonline.com/doi/full/10.1080/19452829.2019.1633734

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   How do rich people transform their financial power into political power?

   • Richest people can translate their financial power into political power through a variety of mechanisms, for instance, corruption. The massive inequalities in income and wealth undermine the value of democracy and the ideal of political equality in particular (Christiano, 2008). 1.1. Extreme-wealth

   Corruption and extreme wealth. Evidence at country level

   www.tandfonline.com/doi/full/10.1080/23311886.2021.1910163

   See all results for this question

9. www.tandfonline.com › doi › fullWhat, if Anything, is Wrong with Extreme Wealth?

   www.tandfonline.com › doi › full

   Jun 24, 2019 · Rich people can translate their financial power into political power through a variety of mechanisms. In his article “Money in Politics”, Thomas Christiano ( Citation 2012 ) discusses four types of mechanisms by which the expenditure of money can influence various aspects of political systems.