By Pat Soldano

Column No. 7
Saying It Out Loud, By Pat Soldano. December 2022.
A Beautiful Engine Called Profit
Margaritas on the beach are not Kent Thompson’s idea of a good time. In fact, he doesn’t like beach vacations. On holidays, he prefers Third World countries. There, he brings his family to dig wells and build schools.
David Plimpton spends a lot of his time in a Philadelphia-area warehouse packing boxes filled with diapers, canned food, and winter clothing. The supplies will go to Poland and then Ukraine. In war ravaged Kyiv it’s cold. His Ukrainian employees’ families depend on those boxes.
Kent is the CEO of Lincoln, Neb. family-owned Thompson Commercial Realty Company. It owns and operates 60 buildings from Denver to Chicago. David is CEO of Inolex, the 146 year-old Philly-based designer and manufacturer of sustainable ingredients for health and beauty products.
They are not unusual.
Nearly every leader of a family-owned business in this country has a similar story of giving back. They give back locally, nationally, and internationally. Their communities would be less without them, much less.
I guess you could say, as Stanford University’s Russ Roberts says... (continue reading)
Pat-Soldano-bod
Pat Soldano is president of Family Enterprise USA and Policy and Taxation Group. Both organizations are fighting for families and family businesses by reducing or eliminating unnecessary taxes and government regulation.
About Family Enterprise USA
Family Enterprise USA promotes family business and job creation, growth, viability, and sustainability by advocating for family businesses, their lifetime of savings, and the issues they face running their businesses every day. The issues we fight for or against with Congress in Washington DC are high Income Tax Rates, possible elimination of Valuation Discounts, increase in Capital Gains Tax, enactment of a Wealth Tax, and the continued burden of the Estate Tax (death tax), and with the possible elimination of Step up in Basis. Family Enterprise USA represents and celebrates all sizes, and industries of family businesses and multi-generational employers. Family Enterprise USA is a 501(c)(3) non-profit organization. Family foundations can donate.
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