Why getting rid of billionaires would hurt average people most

Published May 4, 2020 5:12pm ET



It’s not exactly unusual these days to hear someone screaming that we’ve got to take all that wealth away from the rich. Sure, it’s flawed, but it’s a common narrative.

The latest installation in this long-standing stupid argument comes courtesy of the website inequality.org. The website notes that between March 18 and April 10, the holdings of the very richest increased by 10%.

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