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Anti-Capitalism

74% Of Billionaire Wealth From Rent-Seeking

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A new report by Dider Jacobs at the Center for Popular Economics offers a breathtaking estimate of how the rich have gotten richer in recent years. According to Jacobs’analysis, 74% of billionaire wealth in America was gained through rent-seeking, or socially useless activity. There has always been a tension between America’s …

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