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Our latest report, Born On Third Base, takes the Forbes 400 list to task for spinning a misleading tale about the self-made man and what it takes to become wealthy in America. The Forbes 400 and its extreme examples of economic mobility are the exceptions, not the rule.
In follow-up to the national political
sideshows conventions, MSNBC's Dr. Melissa Harris-Perry hosted a conversation about the 2012 RNC slogan, "We Built It," citing UFE's book, The Self-Made Myth. Small business owners discussed the role of government investments—funded by tax revenue—in bolstering entrepreneurialism and job creation by small businesses.
An out-of-context quote from President Obama became the theme of last week's Republican National Convention. In March, UFE published The Self-Made Myth, which contrasts the "self-made myth" with the "built-together reality." So who built it? UFE looked to the stories of successful businesspeople to generate a more meaningful discussion on this issue and its implications on public policy.
Oregon's estate tax has been in place for 109 years without hurting Oregon businesses and family farms. It is a fair and sensible policy that provides the state with revenue for schools, infrastructure, and other shared priorities. And, it has the added benefit of helping to combat economic inequality. If you live in Oregon, please take action to vote down Measure 84.