Who Is Inherited Wealth?
If you work hard in the United States, there is no limit to the possibility of what you might achieve. That’s the American Dream. But the reality is that America today increasingly resembles aristocratic societies of the past, which were characterized by little social mobility and dramatic inequality perpetuated in part by the passage of enormous fortunes from one generation to the next. How and why this has occurred in the United States is largely the result of power, politics, and policy choices--choices that enable the coding of wealth in the legal systems that structure not only our economy, but our society and our democracy. The system is rigged--and rigged in favor of the few. Join Sean Morrow on the final episode of the third season of “Who Is?” for a look directly at the money, what it means for the rest of us, and what we can do about it. James Henry, an economist, attorney, tax justice activist, and a senior advisor to the Tax Justice Network Paul Krugman, an economist, author, and longtime columnist at The New York Times. His most recent book is “Arguing with Zombies: Economics, Politics, and the Fight for a Better Future” Katharina Pistor, a professor at Columbia Law School. Her most recent book is “The Code of Capital: How the Law Creates Wealth and Inequality” Learn more about your ad-choices at https://www.iheartpodcastnetwork.com