The Rich and the Super-rich

The Rich and the Super-rich

A Study in the Power of Money Today

Book - 1968
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Publisher: New York : L. Stuart, [1968]
Characteristics: 812 p. 24 cm

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StarGladiator
Apr 16, 2013

One of the most interesting books few have ever read. The former investigative reporter, and then sociology professor, Ferdinand Lundberg, compiled an awesome study of the richest Americans (Rockefellers, Morgans, Mellons, du Ponts, and so on) and explained how they both avoided taxation, received tax rebates (or Other People's Money) on the "charitable donations" - - how the tax code was written (actually bought by them) to benefit them, how they sheltered and hide their wealth and ownership by using foundations and trusts, and elaborates on the TNEC study - - that most important economic/financial study which C. Wright Mills somehow always ignored??!! Learning of the TNEC study, and that it spawned the federal lawsuit against the concentration of corporate/economic ownership by the Wall Street banks, is a real eye-opener (US v. Morgan et al.).

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