The story of wealth in America isn’t just about Wall Street or Silicon Valley—it’s also about the quiet fortunes of Main Street business owners, whose growing economic and political power often escapes the spotlight. For every public company CEO, more than a thousand private business owners hold now transformational wealth. These fortunes have been supercharged by changes to the taxation of business profits in past decades and are quietly rewriting the rules of money and power. Eric Zwick will discuss his forthcoming book The Everywhere Millionaire, co-authored with Owen Zidar. Drawing on novel data and a decade of research, this work sheds light on a class of Americans who have built staggering fortunes in everyday trades whilst largely passing under the radar. He reveals where “Main Street Millionaires” come from, how they’ve become rich, and how much they make. He also highlights the increasing power they hold over political processes, often shaping policy to protect what they’ve built. This group is both growing the economic pie and grabbing bigger slices for themselves, necessitating a detailed look at their rapid, yet under-studied rise. Speaker: Professor Eric Zwick Chair: Dr Andy Summers #USA #Events #London Full details/attend: https://www.lse.ac.uk/events/rich-in-america To turn on captions, go to the bottom-right of the video player and click the icon. Please note that this feature uses Automatic Speech Recognition (ASR) technology, or machine generated transcription, and is not 100% accurate. Sign up for news about upcoming LSE Events: https://www.lse.ac.uk/Events/signup
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