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Every billionaire is a policy failure

Our dear friend Michael Righi was a Third Act member, a professor of economics at Bellevue College, and a prolific writer. He helped people understand the modern capitalist economy, offering an alternative vision of a people-centered economic system.

Michael had a gift for making complicated issues simple – but never simplistic – and for writing about serious topics with wit and humor.

Michael died unexpectedly on July 31, 2025. Now Michael’s friends at Puget Sound Advocates for Retirement Action (PSARA) have published a 156-page compilation of Michael’s work, “Every Billionaire is a Policy Failure.”

Articles include:

  • The Federal Reserve: A Central Bank for the 1%
  • Weaponizing Inflation Against Workers and the Climate
  • Geniuses at Work: Crypto Buys the Government
  • We Don’t Need Billionaires, Tax the Wealthy

Some of these articles may be 10 years old, but as the US continues to struggle to get the super-rich to pay their fair share, Michael’s analysis is as timely as ever.

You can order a copy of Michael’s book by writing to:

PSARA

321 16th Ave South

Seattle, WA, 98144

The suggested donation is $20 plus $5 for postage.

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