CHUCK COLLINS, author The Wealth Hoarders, reveals how the superrich hide billions to avoid paying taxes using fancy accounting, owning empty luxury apartments & hiring teams to master loopholes

In The Wealth Hoarders, How Billionaires Pay Millions to Hide Trillions, Chuck Collins has just ripped the lid off this secret industry, laying out how the super wealthy hide their fortunes and escape tax liability. Chuck is an expert on economic inequality, and as an heir to the Oscar Mayer family fortune, he knows the wealth defense industry from the inside. Chuck gave away his own family inheritance rather than pursue a life of almost guaranteed comfort and financial security. His new book contains personal accounts of his own experience, and he interviews practitioners including lawyers and accountants, who rip the lid off this practice. “The Wealth Hoarders” has already received  praise and positive reviews. “Chuck’s book reveals not only the inner workings of this elaborate scheme to hide more than $20 trillion in wealth, it offers us a blueprint for reversing this obscene inequality so we can take back our democracy and ensure that our government works for everybody―not just the billionaire class and wealthy campaign contributors,” wrote Senator Bernie Sanders. Writing in the New York Post, Larry Gelten  wrote, [Collins’s ] “new book focuses on what he calls the Wealth Defense Industry (WDI), noting that not only do the ultra-wealthy — which he  defines as the 0.1 percent — spend time and money ensuring they pay almost      no taxes, but that there are over 90,000 professionals around the world      whose careers are dedicated to helping them do so.” Frederik Obermaier, co-author of The Panama Papers, wrote, “The Wealth Hoarders reveals that a whole parallel world exists in which the rich and powerful enjoy the freedom to avoid not just      taxes but all kinds of laws they find inconvenient.” --- Support this podcast: https://podcasters.spotify.com/pod/show/john-aidan-byrne0/support