American oligarchs: Report details how the wealthiest US dynasties hoard their fortunes

An analysis of the 50 richest families in the U.S. highlights tactics used to guard growing “dynastic wealth” in the country, and points to ideas for curbing and effectively taxing consolidated wealth. The Institute for Policy Studies tracked American families from Forbes’ list across nearly four decades and found that their assets grew by 1007% since 1983, outpacing the average American’s by a factor of 10. The list of American “dynasties” includes household names such as the S.C. Johnson, Rockefeller and Marriott families. IPS, a think tank focused on foreign and domestic policy, human rights and economics, notes numerous negative consequences of dynastic wealth accumulation. Firstly, dyna

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