There's a Mind-Boggling Number of Rich People in America
Summary
This episode features economists Owen Zadar and Eric Zuck, authors of "The Everywhere Millionaire," who use novel IRS data to reveal that pass-through entities, not just public corporations, drive US income inequality. They explain how regional business owners in sectors like auto dealerships, beverage distribution, and healthcare accumulate wealth through regulatory protections and tax code loopholes. The discussion highlights the disconnect between the "small business" narrative and the reality of these large, privately held firms, while exploring how political influence from these owners…
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