What does it really take to get rich in America? Straight As at an elite university or entrepreneurial parents? And as America holds midterm elections and California votes on whether to tax billionaires on their wealth, what does it mean for the rich to be paying their fair share? Host Soumaya Keynes speaks to economist Owen Zidar, co-author of Everywhere Millionaire, Who Is Really Rich in America and How They Got There, about a fairer approach to taxing the wealthy. Can the US tax the rich more without discouraging the entrepreneurs who drive economic growth?
Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.
Presented by Soumaya Keynes. Produced by Katya Kumkova. Original music and sound design by Breen Turner. Manuela Saragosa is the executive producer. Flo Phillips is the FT’s head of audio. Thanks to John Cappuccino for his help recording this episode in the Princeton Broadcast Centre.