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The Great Big Billionaire Backlash
Fortune India
|February 2020
Fifteen years ago, the ultrarich were widely admired by the American public. Now we find their entire existence is being questioned. What changed?

AMERICANS DON’T HATE WEALTH. They hate injustice. Those facts are worth remembering as we enter this election year and try to understand America’s schizoid attitude toward billionaires, three of whom are running for President. It’s an attitude worth understanding because billionaires are certain to symbolize crucial issues for the next President, whoever he or she may be.
It’s a bizarre political moment. Two of the top three Democratic candidates in national polling, Bernie Sanders and Elizabeth Warren, routinely vilify billionaires as more or less the root of all evil. Sanders has said, “I don’t think that billionaires should exist.” The top-polling Democrat, Joe Biden, sends a more subtle message: “I don’t begrudge anybody making a millions or hundreds of millions of dollars,” he said in February 2019, leaving unspoken that 10 figures are just too much. Yet the Democratic field also includes two billionaires, Tom Steyer and recent entrant Michael Bloomberg, who is only a few weeks have used massive TV advertising to approach the top tier, a few points behind the No. 4 candidate, Pete Buttigieg.
Diese Geschichte stammt aus der February 2020-Ausgabe von Fortune India.
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