Dana Loesch says generational wealth “doesn't actually exist in the United States”

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Citation From the April 20, 2023 edition of Radio America's The Dana Show

DANA LOESCH (HOST): Ah, yes, the President of the United States. I don’t even know if that’s true that there are a thousand billionaires in the United States. Are there a thousand billionaires in the United States? I mean, I don’t care. I mean, I’m just happy that somebody can make money and be a billionaire. If I’m not a billionaire, I’m not going to get mad that you’re a billionaire. That’s kind of, you know, I’m not going to, I don’t operate like that. If you have, I don’t know, what kind of, I was going to name a fancy car, and I realized there’s some I just don’t like. If you have something that I want, it doesn’t mean that, to me, I look at it that, that  doesn’t mean I can’t have it I just -- all these people that go on and on about ‘oh, it’s generational wealth,’ that doesn’t actually exist in the United States.

 In fact, that was one of the most fascinating, the things that Toqueville found most fascinating when he was touring through the United States trying to figure out, why is it that the American Revolution ended up with such a different result than the French Revolution? And he noted how so many European nations protect generational wealth with tax structures and inheritance and everything else. And he’s like, In the United States, it’s almost like you’re penalized for it. I mean, he didn’t say it like that, but that was basically the intent. He’s like, you’re penalized, which you are!