Wealthy Americans are running scared. The multimillionaire and billionaire class increasingly fears that a revolution is coming to eat them. Zohran Mamdani’s victory in New York, California’s push toward a wealth tax, and the steady radicalization of elite universities all point in the same direction. The threat isn’t merely higher taxes; it’s the normalization of socialism, with its attendant nationalization, asset seizures, and permanent class conflict. What are the odds that America avoids a class war that immiserates everyone?

Slim — unless the rich and successful do something dramatically different.