Become a digitalPLUS subscriber. 99 for 4 weeks.

Topics

Colleges and Universities
The growing wealth and clout of the richest .01 percent
The growing wealth and clout of the richest .01 percent

The richest Americans hold more of the nation's wealth than they have in almost a century. What do they spend it on? As you might expect: personal jets, giant yachts, works of art and luxury penthouses. And also on politics. In fact, their political spending has been growing faster than their spending on anything else. It's been growing even faster than their wealth. According to new research by Emmanuel Saez of the University of California at Berkeley and Gabriel Zucman of theLondon School of Economics, the richest one-hundredth of one percent of Americans now hold more than 11 percent of the nation's total wealth. That's a higher share than the...

Loading