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Have you ever fantasized about being ridiculously wealthy? Probably. Striking it rich is among the most resilient of American fantasies, surviving war and peace, expansions and recessions, economic meltdowns and global pandemics. We dream of the jackpot, the big exit, the life-altering payday, in whatever form that takes. (Americans spent $81 billion on lottery tickets in 2019, more than the GDPs of most nations.) We would escape "essential" day jobs and cramped living spaces, bury our debts, buy that sweet spread, and bail out struggling friends and relations. But rarely do we follow the fantasy to its conclusion--to ponder the social, psychological, and societal downsides of great affluence and the fact that so few possess it.
What is it actually like to be blessed with riches in an era of plagues, political rancor, and near-Dickensian economic differences? How mind-boggling are the opportunities and access, how problematic the downsides? Does the experience differ depending on whether the money is earned or unearned, where it comes from, and whether you are male or female, white or black? Finally, how does our collective lust for affluence, and our stubborn belief in social mobility, explain how we got to the point where forty percent of Americans have literally no wealth at all?
These are all questions that Jackpot sets out to explore. The result of deep reporting and dozens of interviews with fortunate citizens--company founders and executives, superstar coders, investors, inheritors, lottery winners, lobbyists, lawmakers, academics, sports agents, wealth and philanthropy professionals, concierges, luxury realtors, Bentley dealers, and even a woman who trains billionaires' nannies in physical combat, Jackpot is a compassionate, character-rich, perversely humorous, and ultimately troubling journey into the American wealth fantasy and where it has taken us.
DC bureau chief of Mother Jones, MSNBC analyst. Best-selling author of "American Psychosis." Sign up for my newsletter "Our Land" at https://t.co/73HtPJKNLk.
Free virtual event tonight @ 6 pm ET/3 PT. I'll be talking w/ @MichaelMechanic about his great new book "Jackpot." It's on how America's super-rich live—and how they game OUR system. Hosted by @labyrinth_books (Princeton, NJ). Come join us! Register here: https://t.co/y3GBfOoCmU
Deputy DC Bureau Chief @LATimes | @TheAtlantic @HuffPost @MotherJones @TheEconomist @Monthly alum | Pats fan. Eagle Scout. Beer pong aficionado. 202.630.2380
The brilliant @MichaelMechanic's book on How the Other 1 Percent Live, "Jackpot," is out tomorrow. Read an essay adapted from the book here: https://t.co/ZkAiQuzsO6 and buy it the book here!: https://t.co/32tQrWuuwc
@MotherJones editor, musician, author of "Jackpot," a must-read book about the insanity of wealth in America. Threads: michaelamechanic
“Anyone interested in the relationship between economic inequality and higher education will likely enjoy reading 'Jackpot'….Journalist Michael Mechanic analyzes issues of wealth and inequality from a refreshingly creative angle.” —Inside Higher Ed https://t.co/v56753C2eg