Wealth concentration affects your life, whether you realize it or not. As a co-editor of Inequality.org, I receive feedback from readers, including a comment from Greg, who stated:
None of my problems exist as a result of someone else being a billionaire.
In response, I explained that an economy rigged to favor the billionaire class has far-reaching consequences. I wrote my book, Burned by Billionaires: How Concentrated Wealth and Power are Ruining Our Lives and Planet, to highlight the impact of extreme wealth inequality on daily life.
Below are ten ways billionaires affect your life, as outlined in my book. My analysis focuses on the system that enables wealth concentration, rather than individual billionaires.
Author's summary: Billionaires' wealth affects everyone's life.