Steve Moore interviews financial expert Rob Arnott, who discusses his Fundamental Index strategy as a way to rebalance portfolios based on business size rather than volatile market values. Arnott explains the Laffer Curve to argue that excessive taxation eventually yields zero revenue, suggesting that high-tax states like New York and Washington risk losing their tax base as wealthy residents move to maximize their after-tax income. He concludes by advocating for a politics of gratitude toward successful entrepreneurs, asserting that billionaires like the "Magnificent Seven" create immense societal value by providing products and services that improve lives.

Learn more about your ad choices. Visit megaphone.fm/adchoices