Darrell M. West, vice president of the Brookings Institution’s governance studies department and author of “Billionaires: Reflections on the Upper Crust” writes about five myths about billoinaires in the Washington Post, which is now owned by billionaire, Jeff Bezos.  Mr. West’s article begins as follows:

Billionaires can be fascinating — and not just because of the fortunes they amass. They buy islands and media organizations, experiment with space travel, and have larger-than-life personalities. They also become proxies in national political debates about economic growth, inequality, taxes and fairness. Misconceptions abound about their beliefs, businesses and influence. Let’s explore five of the most common myths.

via Five myths about billionaires – The Washington Post.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.