Stock ownership

The elite’s war on wealth

Wealth comes from ownership. Being involved in the financial industry for nearly thirty years, and spending the past dozen-plus years in the media helping people create economic freedom and wealth for themselves and their families, I know that wealth being derived from ownership is an indisputable truth. More concretely, wealth comes from the ownership of assets that increase in value over time. Ownership is a subject people tend to greatly misunderstand. We misconstrue where wealth comes from, and we misinterpret the benefits of hard work and taking risks. You can meet a poor construction worker putting in eighty hours a week for someone else. You can find professional athletes declaring bankruptcy as soon as their multimillion-dollar contracts end.

Can we get bipartisan consensus on banning Congress from owning stocks?

Trying to make horseshoe theories of left-right politics happen is harder than it seems. Much as the topic of a political realignment has dominated discussion in Washington since the rise of Donald Trump, there has always been something missing: actual legislation to prove such a realignment is possible as policy. I included this point in my piece on the New Right this spring:  One astute observer of national politics, supportive of the New Right’s goals, told me he believes the real fault is the lack of a single clear legislative victory.

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