> John D. MacArthur got rich by selling one-dollar life insurance policies through newspaper ads during the Depression. “Dubious” is how Parade magazine charita

> John D. MacArthur got rich by selling one-dollar life insurance policies through newspaper ads during the Depression. “Dubious” is how Parade magazine charitably described this scheme in 1976, by which time MacArthur was a self-made billionaire...The net effect of John D. MacArthur’s entrepreneurial life and philanthropic afterlife, then, will have been to take one dollar each from a large number of poor and ignorant people, assemble the money into somewhat larger amounts, and give these piles to a very few members of the prosperous, educated elite.