There's a big spotlight - and a lot of resistance to - billionaires, from Elon Musk to Larry Ellison. But we’re missing an under-the-radar revolution in American wealth.
The country is minting far more multimillionaires than it used to: People who tend to make money in ways you might never think about, in amounts you can barely dream of. And these folks tend to be anonymous - but incredibly influential - urging politicians to shift the tax burden away from them. Will that pull the ladder up for the next generation?
Princeton’s Owen Zidar, co-author of the new book The Everywhere Millionaire, joins Kara to talk about what we miss about wealth in America (plus, renting out Versailles for your wedding).
Photo credits:
Maroon 5 11/19/2016 #58" by Justin Higuchi, licensed under CC BY 2.0 (https://creativecommons.org/licenses/by/2.0/)
Elon Musk photo: Gage Skidmore (cropped), CC BY-SA 4.0, via Wikimedia Commons — https://creativecommons.org/licenses/by-sa/4.0/
Taylor Swift image: iHeartRadioCA, CC BY 3.0, via Wikimedia Commons — https://creativecommons.org/licenses/by/3.0/
#economics #wealth #owenzidar #entrepreneurship #millionaires #princetonuniversity #itturnsout #everywheremillionaire