Abolish the Billionaire Class
Billionaires are the grotesque products of an exploitative, immoral economic system. We should get rid of them.

CEO and founder of Amazon Jeff Bezos participates in a discussion on September 13, 2018 in Washington DC at the Economic Club of Washington. Alex Wong / Getty
Thanks in part to an ongoing reawakening of left politics amid rising inequality, questioning the tyranny of extreme wealth is fast becoming the stuff of mainstream political debate. And with the re-injection of class politics into the American political arena, there is growing momentum for previously unthinkable policies like a 70 percent top marginal rate and a sharply increased estate tax. (Minnesota representative Ilhan Omar also deserves credit for proposing an even higher top marginal rate of 90 percent).
The singling out of individual billionaires has also gained a foothold in mainstream politics, thanks in no small part, once again, to Bernie Sanders, who has made moral condemnation of the billionaire class, from Jeff Bezos to the Walton Family, his bread and butter. Asked about Starbucks CEO Howard Schultz’s prospective presidential run several weeks ago, for example, he curtly replied:
Why is Howard Schultz on every television in the country? Why are you quoting Howard Schultz? Because he’s a billionaire. There are a lot of people I know personally who work hard for a living and make forty, fifty thousand dollars a year that know a lot more about politics than Mr Schultz. But because we have a corrupt political system, anybody who is a billionaire, who can throw a lot of ads on television, suddenly becomes credible.