JOURNAL ARTICLE

The Founders Saw the Dangers of Concentrated Wealth.

  • Published In: TIME Magazine, 2025, v. 206, n. 1/2. P. 25 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: Mandell, Daniel 3 of 3

Abstract

The article discusses the historical context of wealth inequality in the United States as it approaches its 250th anniversary, highlighting concerns that the richest 10% hold over 67% of household wealth, which contradicts the Founding Fathers' beliefs about the corrupting influence of great wealth on democracy. It traces the evolution of American attitudes toward wealth, from early warnings against excessive accumulation by figures like Samuel Adams and Benjamin Franklin to the eventual separation of property ownership from political power in the early 1800s. The article also notes the resurgence of egalitarian ideals through various movements and suggests that the upcoming anniversary may prompt a reevaluation of limits on wealth and its political implications. [Extracted from the article]

Additional Information

  • Source:TIME Magazine. 2025/07, Vol. 206, Issue 1/2, p25
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • ISSN:0040-781X
  • Accession Number:186182439
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