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Center for American Progress

Beyond Billionaires: Small Business, Taxes, and Who's Rich in America

Economics & Trade

About this Event

Join the Center for American Progress for a conversation on business ownership as the main path to wealth in America, and what that means for the future of tax policy and the American Dream. If you want to understand who owns America's wealth, a new book argues, you should look at the tens of thousands of auto dealerships, beverage distributors, and contracting firms spread across the country. These run of the mill businesses are how "the hidden 1%" or Everywhere Millionaires https://us.macmillan.com/books/9781250378507/theeverywheremillionaire/ that dominate top American fortunes. And together they have more wealth than America's CEOs or billionaires. Understanding the "staggering fortunes" gained from running "unglamorous businesses" in every corner of America is als…

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