In this searing and entertaining indictment of the super-rich, Linda McQuaig and Neil Brooks challenge the idea that today’s cavernous income inequality is the result of merit, and reveal how the global economic system has been hijacked by the wealthiest, with disastrous consequences for us all.
The high taxes and strong social programmes of the 1950s, ’60s and ’70s gave us sky-high economic growth and rising equality. In recent years, however, we’ve been constantly told that taxes and government spending are bad. McQuaig and Brooks systematically debunk these claims. As their research shows, not only do lower taxes correlate with worse societal outcomes – from health to the environment – they also fail to produce economic prosperity.
A daring challenge to the conventional wisdom, The Trouble with Billionaires provides the most compelling case yet for rejecting the Coalition’s mean-spirited mix of tax breaks for the rich and austerity for the rest.
Journalist and best-selling author Linda McQuaig has developed a reputation for challenging the establishment.
As a reporter for The Globe and Mail, she won a National Newspaper Award in 1989 for writing a series of articles which sparked a public inquiry into the activities of Ontario political lobbyist Patti Starr, and eventually led to Starr’s imprisonment. And as a Senior Writer for Maclean’s magazine, McQuaig (and Ian Austen) wrote two cover stories probing the questionable business dealings of Conrad Black in connection with a U.S. takeover bid in the early 1980s. An irate Black suggested on CBC radio that McQuaig should be horsewhipped.
In 1991, she was awarded an Atkinson Fellowship for Journalism in Public Policy to study the social welfare systems in Europe and North America.
Since 2002, McQuaig has written an op-ed column for the Toronto Star.
She is author of nine books on politics and economics – including six national bestsellers – such as Shooting the Hippo (short-listed for the Governor General’s Award for Non-Fiction), The Cult of Impotence, All You Can Eat, and It’s the Crude, Dude: War, Big Oil and the Fight for the Planet. Her most recent book, co-authored with Neil Brooks, is The Trouble With Billionaires.
Neil Brooks is director of the Graduate Program in Taxation at Osgoode Hall Law School, York University, Toronto. He has published extensively on income tax issues and has been a consultant on tax policy and reform issues to numerous governments around the world.
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