The Book That Uncovered ‘Wealthfare’
Over 20 years ago, long before the experts caught on, the writers Mark Zepezauer and Arthur Naiman zeroed in on the upward redistribution of income in the United States. They called it “wealthfare,” and used the term to open their 1996 book Take the Rich Off Welfare. Here’s the first sentence: “Wealthfare—the money we hand out to corporations and wealthy individuals—costs us at least $448 billion a year.”
