The rise of the ultrarich and what it means for America
The rise of the ultrarich and what it means for America

In his new book, “The Haves and the Have-Yachts,” journalist Evan Osnos examines the rise of the ultra-wealthy, their luxury lifestyles, and growing influence in government. He joins “CBS Mornings Plus” to share more.
Read the full article on CBS US
Truth Analysis
Analysis Summary:
The article's accuracy is mixed, as it relies on the claims made by the author of the book "The Haves and the Have-Yachts," which are not directly verifiable through the provided sources. The sources do touch on related themes of wealth inequality and the influence of the ultra-rich, but don't specifically verify the claims made in the CBS article about the book's content. There is a moderate bias towards highlighting the negative aspects of wealth inequality and the influence of the ultra-rich.
Detailed Analysis:
- Claim:** The article discusses the rise of the ultra-wealthy.
- Verification Source #1: Supports the idea of the rise of the ultra-rich and their growing power.
- Verification Source #2: Discusses the untaxed income of the ultra-wealthy, implying their rise in wealth.
- Verification Source #3: Discusses the negative impacts of billionaires, implying their rise in influence.
- Verification Source #4: Addresses the estimation of top wealth in America.
- Verification Source #5: Highlights the low tax rates paid by some of the wealthiest Americans.
- Claim:** The article discusses the luxury lifestyles of the ultra-wealthy.
- This claim is not directly covered by the provided verification sources.
- Claim:** The article discusses the growing influence of the ultra-wealthy in government.
- Verification Source #1: Supports the idea of the ultra-rich having amassed wealth and power, and their influence on politicians.
- Claim:** The article is based on the book "The Haves and the Have-Yachts" by Evan Osnos.
- This is a statement of fact about the article's source material and cannot be verified by the provided sources.
Supporting Evidence/Contradictions:
- Agreement:** Verification Source #1 supports the claim that the ultra-rich have amassed wealth and power and have influence in government.
- Agreement:** Verification Source #2 supports the claim that the ultra-wealthy have significant wealth, as it discusses their untaxed income.
- Agreement:** Verification Source #3 supports the idea that billionaires have a negative impact on the economy, which aligns with a critical perspective on the ultra-rich.
- Lack of Coverage:** The provided sources do not directly verify the specific claims made by Evan Osnos in his book "The Haves and the Have-Yachts," nor do they provide details about the luxury lifestyles of the ultra-wealthy.
- Internal Knowledge:** The title of the book "The Haves and the Have-Yachts" suggests a focus on the luxury lifestyles of the wealthy, which aligns with the article's claim.