Wednesday, August 22, 2007

Richistan


I just finished reading a new book called "Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich" by Robert Frank. It took me just four days to read (about 1-3 hours per day) and I loved every minute of it!


I am fascinated by the growing problem of income inequality in the US and this book drives home just how out of whack it's become. The author, a Wall Street Journal reporter, covers all facets of the lives of the ultra-wealthy (those with $10 million or more in assets) and shows how they live such different and removed lives from the rest of us that they've essentially created their own country, which he calls "Richistan." The author almost makes fun of this group, with his tone of voice, but it's also a very serious book in that he has laid out with exquisite detail just how far removed the ultra wealthy have become.

You can read more about it on the author's blog and hear a clip from an NPR report on
NPR's web site

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