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The Undeserving Rich: Can They Be Redeemed? Policy Options For Curbing Illegal Wealth, James F. Gilsinan, James E. Fisher, Muhammad Islam, Henry Ordower, Wassim Shahin
The Undeserving Rich: Can They Be Redeemed? Policy Options For Curbing Illegal Wealth, James F. Gilsinan, James E. Fisher, Muhammad Islam, Henry Ordower, Wassim Shahin
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Purpose – The purpose of this study is to examine the efficacy of various policy options for curbing the accumulation of illegal wealth and suggest ways to close the increasing wealth inequality gap.
Design/methodology/approach – The paper begins with a historical/literary analysis of the place of wealth in American Society and the ambivalent cultural attitudes toward wealth. Different policy approaches that seek to limit wealth inequality and the illegal accumulation of wealth are then examined. Finally, the current policy climate in the USA is reviewed to determine the likelihood of meaningful reform.
Findings – In Europe, the BASEL accords show …