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