Wealth and Innovation
The Heritage Wealth and Innovation project serves to resolutely defend the work of innovators
and entrepreneurs, illuminating how the merger of wealth and innovation benefits all of civilization
Innovation and wealth are the ingredients of prosperity, and it is the innovator and entrepreneur—both large and small—that bring these benefits to life. We all should cherish innovation, productive capital, and the freedom that unleashes innovators and entrepreneurs. Their creations raise our standard of living, make our daily routines more convenient, and enable us to live longer, richer, and more purpose-filled lives.
The work of innovators and entrepreneurs is the foundation of our prosperity. The freedom to experiment, innovate, and use new discoveries to produce productive assets is essential to this process. These assets—like factory equipment and technological know-how—are the baseplate of all wealth. The generation of this wealth allows us to strengthen and build flourishing families and communities. The Heritage Wealth and Innovation project serves to resolutely defend the work of innovators and entrepreneurs, illuminating how the merger of wealth and innovation benefits all of civilization.
Among the wealthiest 0.1%, 88% of assets are linked to businesses and econ production. About 9% are in real estate. Very little is in consumer durables, which encompasses standard luxury tropes like yachts, jewelry, sports cars. https://t.co/JsiH39U8W8 @RichAStern #wealth #rich pic.twitter.com/cnnzUuh2t5
— Heritage DataViz (@HeritageDataViz) July 3, 2024
Reports & Commentary
Reports
- Reversing the Decline in Entrepreneurship So That More Americans Can Build Wealth (July 11, 2024)
- Wealth: What It Is and How It Is Used to Drive Innovation and Create Prosperity for All (July 2, 2024)
- The Wealth of Billionaires: Where It Came From, Where It Is, and Why It Matters (May 13, 2024)
- Five Rules for Fiscally Responsible, Pro-Growth Tax Reform (May 7, 2024)
- Powering Human Advancement: Why the World Needs Affordable and Reliable Energy (Dec 14, 2023)
Commentary
- July 4th: Celebrating a Nation Founded on Protecting Freedom, Wealth of Its People (Jul 3, 2024)
- Energy Innovation Is Key to Prosperity (Jul 3, 2024)
- What the Socialist Left Fails to Grasp About Wealth and Innovation in America (Jun 28, 2024)
- How Much Federal Income Tax Do the Rich Pay? (Jun 26, 2024)
- Wrecking the American Dream: The Problem With Today’s Economy (Jun 26, 2024)
- The Middle Class Is Collateral Damage in Biden’s War on Wealth (Jun 25, 2024)
- Democrats’ Proposed Wealth Tax Spells Doom for Entrepreneurs and Economic Growth (Aug 21, 2024)
- Survey Shows How Americans Would Make the “American Dream” Great Again (Oct 10, 2023)
Multimedia
Charts
Among assets for U.S. households and nonprofits, almost all are related to real estate, businesses, or loans that drive economic activity. Hardly any are idle luxuries mentioned in policy debates. https://t.co/JsiH39U8W8 @RichAStern #wealth #rich pic.twitter.com/2k0KUQpJ2w
— Heritage DataViz (@HeritageDataViz) July 3, 2024
Billionaires' wealth rises and falls with the value of their companies. https://t.co/VoC23oic9c #wealth #elonmusk #google #tesla @PrestonBrashers @AlexanderFrei23 pic.twitter.com/ITgQ8N7paB
— Heritage DataViz (@HeritageDataViz) May 13, 2024
Here's the truth about the "Fair Share Malarkey" -- No the millionaires don't pay 1% in tax.https://t.co/vI4RKz7wFw pic.twitter.com/b1syFYdWrf
— PrestonBrashers (@PrestonBrashers) June 28, 2024