https://lithub.com/inside-the-rise-of-americas-oligarch-class-and-what-it-means-for-all-of-us/
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“American media still remained pointed and punchy, free from debilitating lawsuits or destabilizing pressures.”
“in the twenty-first century to rocket American oligarchs’ wealth into the stratosphere?”
“For those more visually inclined, just imagine a graph charting out the total assets held by Americans.”
“Despite the successes of income taxes—which reached over 90 percent under Franklin D.”
“* But the new oligarchs had little to fear.”
“The rise of this offshore economy over the past few decades is worth a book in and of itself.”
“Time and again, all these cuts redounded to only one cohort’s benefit: the wealthiest Americans.”
“Lit Hub Daily August 13, 2026 Running a bookstore/skate shop in Ballerina Farm country .”
“Inequality has accelerated at an ever-growing pace, blowing past that of any previous eras, including the Gilded Age.”
“The answer spans decades’ worth of policy shifts, both within and without the U.S.”
“still had, at least for the time, all the trappings of a free and fair democracy.”
“When Reagan took office, income tax rates on wealthy Americans stood at 69 percent.”
“Looking for a means to boost a flagging economy, Kennedy proposed gutting the income tax rates.”
“And yet, if income tax cuts culminated with Reagan, inheritance tax cuts only began with him.”
“As Gilens and Page discerned, those “economic elites” had already started using their wealth to effectively bid on American policies and politicians, all for their own benefit.”
“As the authors wrote, “Economic elites and organized groups representing business interests have substantial independent impacts on U.S.”