Yeah, that billionaire class. Let's blame them for everything. Less than 1200 people total in the US, not counting spouses. And some large fraction of that total are liberals who support progressive causes. Of course there are guys like Larry Ellison, who throws fund-raising dinners for Trump and owns a Hawaiian island, and the Koch family, but there's also Bezos, who owns the left-leaning Washington Post, Laurene Jobs (Steve's widow), who is an investor in The Atlantic, and Tom Steyer, the hedge fund guy who's a liberal environmentalist and pro-union. I'm just not seeing the huge threat of the "billionaire class". Yeah, the hedge fund guys and real estate developers are legally gaming the federal tax system, but that's our fault too, because 99 out of 100 people (at least) don't know what carried interest is, or how the stimulus bill eliminated limits on real estate losses that can be used to offset income taxes. We continue to elect the congressmen who write that crap into the tax laws.
I wonder how many millionaires the billionaires have made just by people working in their companies or investing in their companies? How many Apple and Microsoft millionaires are there? For just high-tech companies as a group it's got to be in the hundreds of thousands, perhaps millions. I see many billionaires as the greatest wealth creation machines in human history. I know, that's heresy. They're all evil and they own us.