Owen Zidar and Eric Zwick: The Everywhere Millionaire: Who Is Really Rich in America and How They Got There

<p>Join me on Substack! Look up my name.</p><p>Today I&#39;m joined by two economists who spent a decade inside a room most of us will never see — the basement of the U.S. Treasury Department — building the first database that ever linked confidential tax records to the individual owners of America&#39;s private businesses.</p><p>Episode Sponsor: Fiscal AI is a modern data terminal that gives investors instant access to twenty years of financials, earnings transcripts, and extensive segment and KPI data—use my link for a two-week free trial plus 15% off: <a href="https://fiscal.ai/talkingbillions/" target="_blank" rel="ugc noopener noreferrer">https://fiscal.ai/talkingbillions/</a>Owen Zidar teaches at Princeton, Eric Zwick teaches at the University of Chicago Booth School of Business, and together they&#39;ve written a book that completely reframed how I think about wealth in this country: <em>The Everywhere Millionaire</em>.</p><p>Their argument, backed by data nobody had ever assembled before, is that America&#39;s real fortune isn&#39;t sitting with the Forbes 400 on the coasts — it&#39;s sitting with three million &quot;ordinary&quot; business owners: car dealers, dental practices, gutter manufacturers, hiding in plain sight in nearly every town in the country. They define an &quot;everywhere millionaire&quot; as a private business owner worth $5 million or more, and collectively, these three million households hold thirteen times the wealth of the Forbes 400.</p><p>We trace the hidden engine behind that wealth, and they share story after story of the individuals who built it. We go beyond the economic power of this group into the political influence it quietly carries too.</p><p>Their book is eye-opening and genuinely inspiring. It makes the case that the American Dream is very much alive, and that there are far more paths to it than most of us realize. Some readers may even find themselves seeing, for the first time, that they&#39;re not alone — that they&#39;re part of a much larger, wealthier, more established group than the billionaires who steal all the spotlight. And maybe that&#39;s exactly where they want to be: financially successful, politically influential, yet comfortably out of sight, living among the rest of us.</p><p><br></p><p><strong>Podcast Program – Disclosure Statement</strong></p><p>Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are