74% of US Billionaire Wealth Derives from Fat-Cat Rents

April 4, 2016

A recent paper by economist Didier Jacobs entitled, Extreme Wealth Is Not Merited, asserts that 74% of American billionaires’ wealth is derived from economic rents. The paper also concludes that much of America’s biggest industries turn huge profits from nothing but rents as well. The Resident breaks it down. Follow The Resident at http://www.twitter.com/TheResident

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