Income inequality dominates our political and policy debates. Perhaps the latest example of this phenomenon is the extent to which proposals regarding how much the rich should be taxed have become ubiquitous in our discourse.
The problem now surfacing in our public and political discussions is how they are creating a culture that frowns on success. This is particularly the case when we start denouncing that billionaires are policy failures or that they somehow take money from the rest of us, instead of thinking about their value-creation for society as a whole.
Three things are often overlooked and/or underappreciated when thinking about billionaires, millionaires or really any successful entrepreneur for that matter and the system that fosters their achievements.
Continue reading at The Hill.
Gonzalo Schwarz is President and CEO at the Archbridge Institute. Gonzalo focuses on researching and writing about the American Dream, social mobility, the economics of human flourishing, economic development, and entrepreneurship. He is the author of the institute’s "American Dream Snapshot” and editor of two publications focused on social mobility in Europe and Latin America. Gonzalo has an M.A. in economics from George Mason University and a B.A. in economics from the Catholic University of Bolivia. You can follow his Substack, "Living the Dream," where he writes about the American Dream.
Culture of Flourishing
Income inequality dominates our political and policy debates. Perhaps the latest example of this phenomenon is the extent to which proposals regarding how much the rich should be taxed have become ubiquitous in our discourse.
The problem now surfacing in our public and political discussions is how they are creating a culture that frowns on success. This is particularly the case when we start denouncing that billionaires are policy failures or that they somehow take money from the rest of us, instead of thinking about their value-creation for society as a whole.
Three things are often overlooked and/or underappreciated when thinking about billionaires, millionaires or really any successful entrepreneur for that matter and the system that fosters their achievements.
Continue reading at The Hill.
Gonzalo Schwarz
Gonzalo Schwarz is President and CEO at the Archbridge Institute. Gonzalo focuses on researching and writing about the American Dream, social mobility, the economics of human flourishing, economic development, and entrepreneurship. He is the author of the institute’s "American Dream Snapshot” and editor of two publications focused on social mobility in Europe and Latin America. Gonzalo has an M.A. in economics from George Mason University and a B.A. in economics from the Catholic University of Bolivia. You can follow his Substack, "Living the Dream," where he writes about the American Dream.
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