EPISODE · Jul 2, 2026 · 11 MIN
Tara discusses US millionaire growth and the success of free markets.
from The Tara Show
In the first segment of the second hour of The Tara Show on Thursday, July 2, 2026, host Tara marvels at the absolute awe of European FIFA fans visiting America for the first time and discovering the stark contrast in lifestyle and wealth. Using this as a jumping-off point, Tara highlights a staggering headline from The Wall Street Journal revealing that the United States added an incredible 1,200 new millionaires per day last year, bringing the nation's total to 23.6 million millionaires out of a population of 342 million. She contrasts this booming capitalist success with China, which boasts only 5.2 million millionaires despite having a population three to four times larger, and points out that America holds more millionaires than several major European nations combined. Lee joins the conversation to note that the immense space, choice, and commercial freedom found in the U.S.—exemplified by the overwhelming scale of a standard Buc-ee's gas station or the country's vast stadium infrastructure capable of easily hosting massive World Cup crowds—are simply not permitted by heavily regulated European governments. Tara wraps up the segment by reflecting on how wealth accumulation in America is tied heavily to low-debt lifestyle choices, illustrating how everyday citizens like teachers and factory workers can out-accumulate high-earning professionals like doctors simply by avoiding depreciating assets like brand-new cars and letting compound interest work in their favor.
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Here is the text transcript for Hour 2, Segment 1 from the audio file you uploaded earlier: Tara: If anything marked this week, Lee, it was the absolute awe of FIFA fans who've never been to America before coming here largely from Europe. Lee: Yeah. Tara: And discovering how we live, because they didn't know. Lee: No. Tara: And they're probably like me when I went there in my 20s with my cousins, took a long road trip through Europe and was shocked at the poverty of the middle class, um, and the way that they lived compared to us. I'd always thought it was roughly equivalent. It's not. Well, this captures kind of what they were seeing. Headline in The Wall Street Journal—this is truly stunning, okay? And this is exactly what Democrats are trying to crush with the Democratic Socialists of America movement. Headline in The Wall Street Journal: The US Added 1,200 New Millionaires a Day Last Year. Not last year, a day last year. 1,200 new millionaires. Lee: A day. Tara: A day. Okay. China, how many did, um, you know, how many millionaires, uh, are there? Okay, so you look at the United States of America, let's start with that. Total millionaires in the United States of America—and this is remarkable—23.6 million. Lee: Mhm. Tara: That's out of 342 million people. Okay, China—what, three, four times bigger?—they've only got 5.2 [million]. This is exactly the system, uh, that the Democrats are hoping to embrace. Literally a lot of it funded by China. I mean, you're you're if you want to know what's going on in New York right now with the commie corridor, go pull the article by The New York Times—not The New York Post, The New York Times—in which they admit the Chinese Communist Party is now a huge influence on who wins the primaries. Lee: And you've got these American Democrats allied with them who want to take the property of the millionaires here in this country. Tara: Yes. They because you shouldn't have it. Lee: No, you just shouldn't have it. But what if you've earned it? Well, you still shouldn't have it. Tara: Right. Lee: Right. Tara: Wall Street Journal writes—I mean every stat in the story is just mind-blowing. America knows how to manufacture millionaires. Over 440,000 people, or more than 1,200 a day, became millionaires in the US a year, accounting for nearly half the world's new millionaires. Again, there's only like 340 million of us. This is incredible. Lee: Mhm. Tara: Why? Because capitalism and free markets work anywhere they're tried. They work anywhere they're tried. Why? Because they work off of human nature. Lee: Yeah. Tara: Uh, more than 23.6 million Americans are now worth seven figures or more, and the US gains have come thanks in large part to surging financial markets. Lee: Yeah. Tara: Uh, and so I mean, you know, you're watching this just to give you some idea, okay? And this is what these FIFA fans are reacting to, it's kind of a measure. If you look at, um, how many millionaires that we have here in America, okay, 23.6 million. If you combine Germany, the UK, France, Australia, the Netherlands, Italy, you only get 11.5 [million]. It's roughly the same population. So here in America, 23.6 million millionaires. You take what is essentially Europe and you throw in Australia to get to 11.5 million millionaires. So you can see their, um, you know, the way they live is nothing like the way we live. We are so wealthy comparatively. And that's what they were so shocked about when they came here. Lee: And it's also the space and the choice that we have in this country, despite the best efforts of many on the left to restrict that. I mean, what I think is so funny is when these Europeans are going to a Buc-ee's and they're just completely mind-blown. Because the European countries will not allow that to be built. That is the thing. It is not that these countries can't afford these things, they are spending all their money on social programs while the US pays for their defense, and they res ...
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Tara discusses US millionaire growth and the success of free markets.
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