A Changing World

There is a major difference between wealth managed by individuals versus professional money managers.

Individuals are often entrepreneurs who grew wealthy by operating successful businesses. They are in it for the long haul and are the backbone of every prosperous society.

Money managers also create value, but they play a different game. They do a constand stream of deals that bring huge, immediate returns, and done with other people’s money. Unfortunately, this dynamic of competitive risk incentive, plus limited personal exposure, can lead to events such as the 2008 financial meltdown.

The bottom line here is that entrepreneurs should be back in the driver's seat. This starts with tax policy. If you agree, the best way to show it is sending a donation by credit card at the link below.