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How Elite Hobbies Let Billionaires Pay No Tax

More from Propublica’s IRS Leaks

A vintage rec-room with hobby equipment. Its floor is animated gold glitter. Posed within it is a male human figure whose head has been replaced with a money-bag.

When you hear that a billionaire has bought a horse or a newspaper or a sports team, you might think it’s just dilletantish dabbling by a member of the parasite class with nothing better to do with their time — a way to make the idle rich slightly more vigorous.

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Cory Doctorow

Cory Doctorow

Writer, blogger, activist. Blog: https://pluralistic.net; Mailing list: https://pluralistic.net/plura-list; Twitter: https://twitter.com/doctorow

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