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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 · The effects of excessive wealth can be seen throughout US society—in the high rents resulting from private equity acquisition of housing, in tax structures, and in billionaire domination of our political system. If we are serious about narrowing the racial wealth gap, this silence needs to change.

3. Videos

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     Who owns the world's wealth? | CNBC Explains

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     Money and power – how much influence do the super rich have? (3/3) | DW Documentary

     Mar 24, 2019

     2.4M Views

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     The top 1%: Should wealth have its limits?

     Jan 23, 2022

     181.4K Views

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4. 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:...

5. www.nature.com › articles › d41586/024/01276-1How rich is too rich? - Nature

   www.nature.com › articles › d41586/024/01276-1

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   May 6, 2024 · Extreme wealth concentration limits governments’ abilities to invest in public goods, such as education, health care and climate-change mitigation. And meritocratic promises are endangered when...

   • Author: Lucas Chancel

6. www.sciencedirect.com › science › articleThe corruption and income inequality puzzle: Does political ...

   www.sciencedirect.com › science › article

   Oct 1, 2021 · To sum up, low levels of corruption significantly increase income inequalities when a minority of the population monopolizes the political power in developing countries. Still, this effect fades as political power is more equitably distributed across social groups.

   • Author: Joseph Keneck-Massil, Clery Nomo-Beyala, Ferdinand Owoundi, Ferdinand Owoundi, Ferdinand Owoundi

   • Publish Year: 2021

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

   www.tandfonline.com › doi › full

   Apr 23, 2021 · 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. Simultaneously, corruption -misuse of delegated power for private gain- occurs in all countries of the world.

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

   See all results for this question

   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 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

   Why is extreme wealth concentration a problem?

   • Extreme wealth concentration limits governments’ abilities to invest in public goods, such as education, health care and climate-change mitigation. And meritocratic promises are endangered when extreme wealth inequality is transmitted from one generation to the next.

   How rich is too rich? - Nature

   www.nature.com/articles/d41586-024-01276-1

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9. www.nytimes.com › 2020/07/01 › opinionOpinion | Why Do the Rich Have So Much Power? - The New York ...

   www.nytimes.com › 2020/07/01 › opinion

   Jul 1, 2020 · The answer is that huge disparities in income and wealth translate into comparable disparities in political influence. To see how this works, let’s look at a fairly recent example: the...