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Middlegarchs are the new Oligarchs

Overview

Shownote

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Middlegarchs are the new Oligarchs

Planet Money

16 HOURS AGO
Planet Money

Planet Money

16 HOURS AGO
OverviewShownoteHighlightsTranscriptChaptersPins

Shownote

Wanna know who is really in the top 1%? And how they use their influence? It may not be who you think. Look beyond Silicon Valley. Look beyond Wall Street. Look beyond the “oligarchs”. There's a much larger class of wealthy Americans hiding in plain sight...

Highlights

Planet Money investigates the wealthy business owners hidden behind America’s most ordinary storefronts—and the tax rules and political networks that amplify their power.
01:21
Main Street wealth dwarfs the billionaire class.
08:06
The tax ninjas uncover the hidden 1%
17:39
A market opening can become a fortune
25:03
Private business owners are writing the tax code
29:54
Middlemen can keep prices high

Chapters

The hidden wealth behind ordinary businesses
00:01
Finding the hidden owners of the top 1%
05:42
How ordinary businesses become extraordinary fortunes
14:14
From business wealth to political power
22:12

Transcript

Sarah Gonzalez: This is Planet Money from NPR. Greg Rosalsky: Billionaires, man. Am I right? They're having a moment. They're launching rockets into space, They're controlling algorithms that influence what we see and how we shop. Sarah Gonzalez: Funding...