Does America Hate Billionaires?

Attacking billionaires is a staple of both the Sanders and Warren campaigns. But does America really hate billionaires?

Absent evidence of wrongdoing, I don’t think so. I suspect most Americans think of billionaires as superstar capitalists who have created a product that improved society, movie stars, and extremely successful pro athletes. Those people have all legitimately earned their money in one way or another, without injuring the rest of us. The public does not resent them for it.

For Warren and Sanders to make the argument stick, they need to provide more details about who the billionaires really are, how little they actually did to earn their money, and how they are screwing over the rest of society in their own interest. Thus far, I haven’t seen that level of sophistication in their campaigns.