Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions

The Wealth Defence Industry is a secret army of tax attorneys, accountants, and wealth managers who hide trillions for the richest 0.01% by deploying anonymous shell companies, family offices, offshore accounts, opaque trusts, and sham transactions. Chuck Collins exposes the inner workings of these "agents of inequality" and outlines policies to shut down the industry.

Format: Paperback / softback
Length: 240 pages
Publication date: 04 February 2021
Publisher: Polity Press

For decades, a clandestine army of tax attorneys, accountants, and wealth managers has been evolving into the enigmatic Wealth Defence Industry. These "agents of inequality" are remunerated in millions to conceal trillions for the wealthiest 0.01%. In this book, inequality expert Chuck Collins, who himself inherited a fortune, conducts exclusive interviews with the key figures and provides a singular insider perspective on how this industry is tirelessly striving to establish and reinforce hereditary dynasties of wealth and power. He unveils the inner workings of these "agents of inequality," revealing their strategic use of anonymous shell companies, family offices, offshore accounts, opaque trusts, and sham transactions to ensure that the world's richest pay minimal taxes. Concluding his analysis, Collins offers a comprehensive set of policies that democratic nations can implement to effectively dismantle the Wealth Defence Industry and restore fairness in the financial system. This groundbreaking exposé of the insidious machinery of inequality is a must-read for anyone seeking an in-depth understanding of our era of plutocratic plunder and hidden cash.

Weight: 318g
Dimension: 139 x 215 x 22 (mm)
ISBN-13: 9781509543496