The Good Rich and What They Cost Us

The Good Rich and What They Cost Us

Book - 2013
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To understand the problems that vast individual fortunes pose for democratic values, Robert Dalzell presents an intriguing cast of wealthy individuals from colonial times to the present, including George Washington, one of the richest Americans of his day, the "robber baron" John D. Rockefeller, and Oprah Winfrey, for all of whom extreme wealth is inextricably tied to social concerns. In the process Dalzell uncovers the sources of our contradictory feelings toward the very rich, how they have sought to be perceived as "the good rich," and the reality behind the widespread notion that wealth and generosity go hand in hand in America. Finally, in a thoughtful and balanced conclusion, the author explores the cost of our long-standing attitudes toward the rich."--pub. desc
Publisher: New Haven [Conn.] : Yale University Press, c2013
ISBN: 9780300175592
Characteristics: 199 p., [16] p. of plates : ill. ; 24cm


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Sep 06, 2013

A really horribly researched and horribly written book, unworthy of being even skimmed! Dalzell is either simple minded or disingenuous to the max. Take a current example, the locally-based Gates Foundation. Microsoft's hedge fund (Kirkland, WA) invests heavily in Monsanto, then the Gates Foundation works to spread Monsanto's GMOs across Africa and America and Europe. As does the Rockefeller Foundation (wonder if Rockefeller is still a majority stake holder?). Normally, most foundations operate as tax-free holding companies, where the rich hide their wealth and ownership. This book is a complete waste. (The Mellon foundation, for many years when it was audited, took in more monies in tax breaks than it ever doled out!) Two much superior books on this subject would be Inderjeet Parmar's "Foundations of the American Century" and Ferdinand Lundberg's "The Rich and the Super-Rich".


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