Meet The Millionaire Class That Really Runs America

Pass-through business owners, not billionaires, drive half the top 1%'s wealth growth via tax code and local monopoly protections.

• Scale of the class: Over 3 million "everywhere millionaires" have $5M+ net worth (average $25M), collectively worth an order of magnitude more than the Forbes 400 billionaires combined.
• Half the top 1%'s rise: Private pass-through business owners account for roughly half the growth in top-1% wealth over recent decades, per Zidar and Zwick's Treasury-derived data.

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