The Ultra Rich (book)
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The Ultra Rich (book)
The Ultra Rich: How Much Is Too Much? is a 1989 polemic nonfiction book by Vance Packard. It details the lives of extravagance of thirty American super-rich (among them: J. R. Simplot, Bob Guccione, Ed Bass, Jane Hunt, and Samuel J. LeFrak). He argues against the vast accumulation of wealth, and advocates for a wealth tax and inheritance tax An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the estate (money and property) of a person who has died. International tax law distinguishes between an es ... reform. References External links Book at archive.org {{DEFAULTSORT:Ultra Rich 1989 non-fiction books ...
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Vance Packard
Vance Oakley Packard (May 22, 1914 – December 12, 1996) was an American journalist and social critic. He was the author of several books, including ''The Hidden Persuaders'' and ''The Naked Society''. He was a critic of consumerism. Early life Vance Packard was born on May 22, 1914, in Granville Summit, Pennsylvania, to Philip J. Packard and Mabel Case Packard. Between 1920 and 1932, he attended local public schools in State College, Pennsylvania, where his father managed a dairy farm owned by the Pennsylvania State College (later Penn State University). He identified himself as a "farm boy" throughout his life, although he moved to State College and in later life lived in affluent areas. In 1932, he entered Pennsylvania State University, where he earned a B.A. degree, majoring in English. He graduated in 1936, and worked briefly for the local newspaper, the ''Centre Daily Times''. He earned his master's degree at the Columbia University Graduate School of Journalism in 1937. ...
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High-net-worth Individual
High-net-worth individual (HNWI) is a term used by some segments of the financial services industry to designate persons whose investible wealth (assets such as stocks and bonds) exceeds a given amount. Typically, these individuals are defined as holding financial assets (excluding their primary residence) with a value greater than US$1 million. "Very-HNWI" (VHNWI) can refer to someone with a net worth of at least US$5 million. The Capgemini World Wealth Report 2020 defines an additional class of ultra-high-net-worth individuals (UHNWIs), those with US$30 million in investible assets. According to The Knight Frank Wealth Report, HNWI can refer to someone with a net worth of at least US$1 million while UHNWI can refer to someone with a net worth of at least US$30 million. , there were estimated to be just over 15 million HNWIs in the world according to the Global Citizens Report by Henley & Partners. The United States had the highest number of HNWIs (5,325,000) of any countr ...
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Little, Brown And Company
Little, Brown and Company is an American publishing company founded in 1837 by Charles Coffin Little and James Brown in Boston. For close to two centuries it has published fiction and nonfiction by American authors. Early lists featured Emily Dickinson's poetry and ''Bartlett's Familiar Quotations''. Since 2006 Little, Brown and Company is a division of the Hachette Book Group. 19th century Little, Brown and Company had its roots in the book selling trade. It was founded in 1837 in Boston by Charles Little and James Brown. They formed the partnership "for the purpose of Publishing, Importing, and Selling Books". It can trace its roots before that to 1784 to a bookshop owned by Ebenezer Battelle on Marlborough Street. They published works of Benjamin Franklin and George Washington and they were specialized in legal publishing and importing titles. For many years, it was the most extensive law publisher in the United States, and also the largest importer of standard English law a ...
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Polemic
Polemic () is contentious rhetoric intended to support a specific position by forthright claims and to undermine the opposing position. The practice of such argumentation is called ''polemics'', which are seen in arguments on controversial topics. A person who writes polemics, or speaks polemically, is called a ''polemicist''. The word derives , . Polemics often concern questions in religion or politics. A polemical style of writing was common in Ancient Greece, as in the writings of the historian Polybius. Polemic again became common in medieval and early modern times. Since then, famous polemicists have included satirist Jonathan Swift; Italian physicist and mathematician Galileo; French Enlightenment writer, historian, and philosopher Voltaire; Christian anarchist Leo Tolstoy; socialist philosophers Karl Marx and Friedrich Engels; novelist George Orwell; playwright George Bernard Shaw; communist revolutionary Vladimir Lenin; psycholinguist Noam Chomsky; social critics Christ ...
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Bob Guccione
Robert Charles Joseph Edward Sabatini Guccione ( ; December 17, 1930 – October 20, 2010) was an American photographer and publisher. He founded the adult magazine ''Penthouse'' in 1965. This was aimed at competing with Hugh Hefner's ''Playboy'', but with more explicit erotic content, a special style of soft-focus photography, and in-depth reporting of government corruption scandals and the art world. By 1982 Guccione was listed in the ''Forbes 400'' wealth list, and owned one of the biggest mansions in Manhattan. However, he made some extravagant investments that failed, and the growth of free online pornography in the 1990s greatly diminished his market. In 2003, Guccione's publishers filed for bankruptcy and he resigned as chairman. Early life Guccione was born in Brooklyn, New York, of Sicilian descent and raised Catholic in Bergenfield, New Jersey, the eldest child of Anthony, an accountant, and Nina, a housewife. An altar boy, he considered but rejected entering the priestho ...
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Ed Bass
Edward Perry "Ed" Bass (born September 10, 1945) is an American businessman, financier, philanthropist and environmentalist who lives in Fort Worth, Texas. He financed the Biosphere 2 project, an artificial closed ecological system, which was built between 1987 and 1991. He is the chairman of Fine Line, an investment and venture-capital management firm in Fort Worth,Chronicle of Philanthropy; November 23, 2006, Vol. 19 Issue 4, p6-6. Retrieved May 26, 2008. and Chairman of the board of directors of the Sid W. Richardson Foundation, a philanthropic organization. He was listed as #239 on the Forbes 400 list of wealthiest Americans in 2012, with an estimated net worth of $2 billion. Early life and education Bass was born in Fort Worth, Texas to Perry R. (1914–2006) and Nancy Lee (née Muse) Bass (1917-2013), the second-oldest of four sons; his brothers are Lee Marshall Bass, Sid Richardson Bass, and Robert Muse Bass. His father, Perry, was an adviser and later partner ...
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Samuel J
Samuel ''Šəmūʾēl'', Tiberian: ''Šămūʾēl''; ar, شموئيل or صموئيل '; el, Σαμουήλ ''Samouḗl''; la, Samūēl is a figure who, in the narratives of the Hebrew Bible, plays a key role in the transition from the biblical judges to the United Kingdom of Israel under Saul, and again in the monarchy's transition from Saul to David. He is venerated as a prophet in Judaism, Christianity, and Islam. In addition to his role in the Hebrew scriptures, Samuel is mentioned in Jewish rabbinical literature, in the Christian New Testament, and in the second chapter of the Quran (although Islamic texts do not mention him by name). He is also treated in the fifth through seventh books of '' Antiquities of the Jews'', written by the Jewish scholar Josephus in the first century. He is first called "the Seer" in 1 Samuel 9:9. Biblical account Family Samuel's mother was Hannah and his father was Elkanah. Elkanah lived at Ramathaim in the district of Zuph. His geneal ...
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Wealth Tax
A wealth tax (also called a capital tax or equity tax) is a tax on an entity's holdings of assets. This includes the total value of personal assets, including cash, bank deposits, real estate, assets in insurance and pension plans, ownership of unincorporated businesses, financial securities, and personal trusts (a one-off levy on wealth is a capital levy).Edward N. Wolff, "Time for a Wealth Tax?"''Boston Review'', Feb–Mar 1996 (recommending a net wealth tax for the US of 0.05% for the first $100,000 in assets to 0.3% for assets over $1,000,000/ref> Typically, liabilities (primarily mortgages and other loans) are deducted from an individual's wealth, hence it is sometimes called a net wealth tax. Of 36 OECD countries, five had a personal wealth tax in 2017 (in 1990 there were 12 countries). One of its goals is to reduce the accumulation of wealth by individuals. Critics note that a wealth tax can have the unintended consequence of wealthy entrepreneurs and businesspeople ...
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Inheritance Tax
An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the estate (money and property) of a person who has died. International tax law distinguishes between an estate tax and an inheritance tax—an estate tax is assessed on the assets of the deceased, while an inheritance tax is assessed on the legacies received by the estate's beneficiaries. However, this distinction is not always observed; for example, the UK's "inheritance tax" is a tax on the assets of the deceased, and strictly speaking is therefore an estate tax. For historical reasons, the term death duty is still used colloquially (though not legally) in the UK and some Commonwealth countries. For political, statutory and other reasons, the term death tax is sometimes used to refer to estate tax in the United States. Varieties of inheritance and estate taxes * Belgium, droits de succession or erfbelasting (Inheritance tax). Collected at t ...
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