Summarize and answer questions

https://www.netflix.com/watch/81097618?trackId=14751308&tctx=1%2C0%2C56112814-f919-4e76-b6b1-8061ff436b2f-2274822%2Cc48e8e93-8be9-438c-aa77-3c07341e1e9f_11719914X55XX1603385883278%2Cc48e8e93-8be9-438c-aa77-3c07341e1e9f_ROOT%2C

 400 words

Please summarize the Netflix Explained segment on Billionaires we watched in class. How do billionaires accumulate wealth? How is income taxed in relation to capital? What did the Panama papers expose? How does NYC real estate fit into this picture? Why is it hard to know how many billionaires exist and how much wealth they hold?

From the textbook please define the following:

Capitalism and capital.

Automation?

McDonaldization?