Why Billionaires Don't Really Like Capitalism - 2019-11-14

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F0.png Why Billionaires Don't Really Like Capitalism November 14, 2019, Robert Reich, American Prospect

Billionaires are wailing that Elizabeth Warren's and Bernie Sanders's wealth tax proposals are attacks on free market capitalism.

Warren "vilifies successful people," says Jamie Dimon, CEO of JPMorgan Chase.

Rubbish. There are basically only five ways to accumulate a billion dollars, and none of them has to do with being successful in free market capitalism.

Wikipedia cite:
{{cite news | first = Robert | last = Reich | title = Why Billionaires Don't Really Like Capitalism | url = https://prospect.org/power/why-billionaires-do-not-really-like-capitalism/ | work = American Prospect | date = November 14, 2019 | accessdate = March 15, 2020 }}