America Needs More, Not Fewer, Billionaires
The article argues that America should celebrate billionaires rather than demonize them. It highlights the significant contributions billionaires make to the economy, including job creation and innovation. The author contends that the current narrative against wealth is not based on factual evidence and emphasizes the importance of entrepreneurial success.
- ▪Billionaires contribute significantly to job creation and the economy.
- ▪The top 1% of income earners pay almost 40% of the total income tax in the U.S.
- ▪Elon Musk and Jeff Bezos argue that the focus should be on government spending rather than raising taxes on the wealthy.
Opening excerpt (first ~120 words) tap to expand
America Needs More, Not Fewer, Billionaires Stephen Moore 8:30 AM | May 30, 2026 AP Photo/Ross D. Franklin Billionaires are getting a bad name. "Eat the rich" is the new mantra of the Left's greed and envy lobby. Once upon a time, we saluted and celebrated America's empire builders who got rich but created great industries that built the richest nation on earth. Now the Left in America demonizes them. Advertisement googletag.cmd.push(function () { googletag.display("div-gpt-300x250_4"); //googletag.pubads().refresh([gptAdSlot["div-gpt-300x250_4"]]) }); We see the assault on wealth every day: wealth taxes, blue states are raising their income taxes on millionaires and billionaires, and many Democrats in Washington wanting to institute tax rates above 50%.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Hot Air.
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