Rubin says that while there's a 'responsibility' when it comes to giving back, it's better to 'bet on the entrepreneur who made the money' than on the government.
Rather than a wealth tax, successful businessman and businesswomen should be pushed to donate more, according to e-commerce billionaire Michael Rubin.
Rubin, executive chairman of online sports apparel giant Fanatics, said that while there's a "responsibility" when it comes to giving back, it's better to "bet on the entrepreneur who made the money" than on the government. He also has an ownership stake in the Philadelphia 76ers in the NBA and New Jersey Devils in the NHL. His Kynetic firm is the holding company of Fanatics as well as as e-commerce brands Rue Gilt Groupe and Shoprunner.into reforming the U.S.
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