Because There Can Be More To The Good Life, A Higher Level, A More Abundant Life -
From Mere Wealth To Prosperity
Wealth preserving economic insights make living the best of the good life prudent wealth management
The Mentorship & Capital Equity Act
Saving Capitalism by Making It Work for Everyone
From Mere Wealth to True Prosperity:
Reimagining How Capitalists Can Prosper By Lifting Up the Next Generation
How to Use the Free Market To Overcome the Primary Structural Hurdle in Modern American Capitalism
It is a fundamental truth of 21st-century America: America is still a capitalist economy with a Constitutional Republic form of government.
As such, it's no secret that the more capital one has, the easier it can be to be economically successful, but it's no guarantee. That's what bankruptcy courts are for.
Nevertheless, it's hard to dispute that the less capital one has in a capitalist economy, the more difficult it can be.
It's often said it takes money to make money; it takes capital to acquire capital. However, for too many of those seeking their version of the American Dream, and especially the millions of aspiring entrepreneurs—especially those from historically economically disadvantaged groups, full-time state and junior college students or young professionals trapped under structural student loan debt— and especially since covid, the economic ladder for them seems to be missing its bottom rungs.
Why This Matters Now
The True Antidote to Economic Discontent
We cannot ignore the elephant in the room. America is under attack. Today, a growing number of young Americans are becoming increasingly disillusioned with capitalism. Many are exploring socialist ideas simply because they feel the current free-market system doesn’t work as well for them as they would like, and they are skeptical that it ever will. When you start your adult life with a negative net worth, heavy student loans, and no family capital, the promise of the American Dream can feel out of reach.
But the answer to a broken ladder isn't to tear down the house. The answer is to fix the ladder.
It's not surprising that in a capitalist economy, those without capital to work for them, or without realistic opportunities to acquire capital in the foreseeable future, will be less than enthusiastic about capitalism.
Thus, in a capitalist economy, at least for those currently without capital, the primary question that needs to be answered is what are the best ways for one to legally and quickly start acquiring and accumulating capital if one doesn't inherit it?
It's hard to be a capitalist if you don't have any capital, while those with capital accumulate more & more!
If you don't have an oil well..... then get one!
You'll love doing business with Western.
The phrase "if you don't have an oil well, get one" originated from a famous 1980s television advertising campaign by the Fort Worth-based Western Company of North America. It was coined by the company's outspoken CEO, conservative businessman Eddie Chiles.
Chiles used the catchy, brassy tagline—often accompanied by the sign-off, "You'll love doing business with Western!"—to encourage everyday people and investors to get involved in the oil and gas industry.
The ad famously featured a woman in a white jumpsuit and construction helmet, promoting the financial benefits and independence of investing in energy.
The phrase quickly entered popular culture as an iconic piece of 1980s Texana, reflecting the larger-than-life, entrepreneurial, and oil-centric attitude of the era.
In large part, this proposed legislation seeks to build upon lessons learned and encourage and enable everyday people and investors - and especially those from economically disadvantaged situations- to get involved, not just in any one industry - as good as the oil and gas industry may be- but to fully engage in capitalism and all the freedoms and benefits it offers.
Closing the Gap between the Haves & Have-Nots
Unfortunately, our current federal tax system treats capital accumulation and business ownership like an all-or-nothing game. The government, via the tax code, is often much better at preserving, harvesting/taxing capital than it is at facilitating its creation.
As of this writing, the maximum marginal federal tax rate for ordinary income is 37%. For capital gains, the maximum rate is 20% for long-term investments, plus a potential 3.8% Net Investment Income Tax (NIIT), bringing the absolute maximum to 23.8%.
And that is before all of the available deductions, which can substantially lower the effective tax rate. It's widely acknowledged that many of the wealthiest - those with the most capital at work - often pay little to no tax - legally.
Under the current tax code, to qualify for any diverse business advantages, an economically disadvantaged underserved partner must hold 51% control of the business. But forcing an individual with zero business experience into majority management introduces severe operational risk, which ultimately stops successful founders from offering equity or mentorship in the first place.
Meanwhile, standard tax credits only reward hiring individuals as W-2 employees. This provides a temporary paycheck, but it fails to build long-term equity, asset ownership, or true financial independence. No capital accumulation.
Therefore, we propose and are actively advocating for a revolutionary update to the federal tax code, which we refer to as: The Mentorship & Capital Equity Act.
A Capitalist Solution to a Capitalist Problem
Introducing the "Government-Incentivized Rich Uncle"
There is no doubt that our system of government, economy, way of life, and freedom is currently under attack by both domestic and foreign agents. Fortunately, this is not really a new fight and we have a "rich uncle" with the resources to prevail ultimately.
The Mentorship & Capital Equity Act is a prime solution to these exact concerns. It proves that free markets and capitalism can work for everyone—if we incentivize capitalists to share the climb.
Instead of punishing success and disincentivizing effort, creativity, and ingenuity with punitive excessive taxes in the misguided attempt to rectify some misperceived injustice, government debt forgiveness or expanded welfare programs, this bill uses the natural incentives of the free market to solve economic inequality.
It encourages those who have succeeded to become economic mentors and the "rich uncles" for those who don't have one. By turning workers into owners, we can show the next generation that capitalism is not a closed club, but the most powerful engine for human prosperity ever created.
This "rich uncle" program creates a new army of entrepreneurs, a capitalist cavalry coming to the rescue. A private-sector partnership to secure the next generation of American enterprise.
This proposed legislation bridges the gap in current tax and economic policy by creating Qualified Mentorship Partnerships (QMPs).
Under this framework, an experienced operating partner, mentor, or founder can retain 100% operational and voting control to steer the business safely, while distributing minority equity (10% to 49%) and passive profits to an economically disadvantaged partner.
By participating, the majority owner unlocks powerful dollar-for-dollar tax credits and enhanced profit-sharing deductions. This aligns the capitalist's financial self-interest with their partner’s economic upward mobility. It allows young people and struggling graduates to build real equity and use passive business profits to wipe out their debts, completely funded by private-sector innovation rather than government handouts.
The Solution: The Qualified Mentorship Partnership (QMP)
This legislation amends the Internal Revenue Code to allow an experienced business founder (the Majority Owner) and an underserved individual (the Minority Partner) to form a QMP under a standard LLC or corporate structure.
1. Investor Tax Incentives (The Pull Factor)
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The QMP Investment Credit: The Majority Owner receives a dollar-for-dollar federal tax credit equal to 25% of the capital they personally risk to launch or expand the joint business.
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The Profit-Sharing Match: For every dollar of net profit the business distributes to the disadvantaged Minority Partner, the Majority Owner receives a 1.5x bonus tax deduction. This aligns the capitalist's financial self-interest directly with their partner's wealth accumulation.
2. Structural Protections (The Steering Wheel)
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Preservation of Control: The law explicitly allows the Majority Owner to retain 100% of voting, operational, and managerial control over the entity.
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The Shielding Factor: Experienced business owners can safely navigate the company through complex markets (such as film production or yacht charters) while the Minority Partner gains hands-on exposure and passive wealth.
3. The Wealth Realization (The Tax-Free Exit)
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Capital Gains Exemption: Upon the eventual sale of the company or its assets, 100% of the capital gains realized by the disadvantaged Minority Partner are entirely exempt from federal taxation, allowing them to exit with clean, un-taxed seed capital for future ventures.
Strict Guardrails & Eligibility To Protect Against Fraud & Abuse
To ensure this framework serves as a true engine for economic mobility and prevent the framework from being exploited as a tax shelter for wealthy families, a Minority Partner must pass a "Five-Gate Test" administered via tax return, financial, and academic data. An individual must meet at least one of the following criteria to qualify:
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The Wealth Cap: Personal net worth must be under $50,000, and parental net worth must be under $250,000 (verifiable via past FAFSA or IRS data).
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The Higher Education Gate: Must be currently enrolled as a full-time student at an accredited state college, university, or community/junior college.
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The Debt-Trap Gate: Must possess at least $30,000 in non-cancelable federal or private student loan debt, establishing a negative structural net worth.
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The Geographic Rule: Must have resided in a federally designated HUBZone or Opportunity Zone for 3 of the past 5 years.
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The Systemic Barrier Check: Automatic qualification for justice-impacted individuals, individuals with documented permanent disabilities, or youth aging out of foster care.
Be Part of the Solution
True patriotism means more than just paying what you owe; it means using the private sector to spur job creation, economic development, and sustainable wealth. We believe that those who enjoy the best of the good life have a unique responsibility—and opportunity—to act as the catalyst for someone else's future.
If you are a business owner, investor, or policy advocate who believes in building a fairer, more dynamic capitalist economy through private mentorship, we want your voice.
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That if your current advisors knew, surely they'd have told you already- wouldn't they?