'Everyone in America wants to rich. Everybody in America wants to succeed,' Zell says. 'Everybody wants a piece of the pie, rather than wants it given to them.'
Sam Zell, the billionaire businessman and philanthropist, believes the wealth redistribution ideas of far-left Democrats, such as freshman firebrand Rep. Alexandria Ocasio-Cortez, won't work because Americans would rather earn success than get handouts.
"Redistributive policy leads to inequality. It's just the opposite of what you think," said Zell, who argued that wealth redistribution during eight years of former President Barack Obama's administration held the economy back. As a boy in Chicago, Zell recalled asking his father, a jewelry wholesaler and real estate investor, why the poor who outnumber the rich don't just vote them out of office. He said his father told him:"Everybody in America doesn't want to do anything that would, 'screw up his chance,' to make the next move forward."While in college and law school, he built an apartment management business. He also bought and rehabbed properties.
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