The Inequality Regime

In her book Plutocrats, Chrysia Freeland writes: “In 2005, Bill Gates was worth $46.5 billion and Warren Buffet $44 billion. That year, the combined wealth of the 120 million people who made up the bottom 40 percent of the U.S. population was around $95 billion—barely more than the sum of the fortunes of these two men.” That is astounding, and by logical extension of this fact, if we were to hypothetically expropriate these two men of their wealth and redistribute it, we could double the material conditions of four in ten American citizens.