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Abolish bad policy instead

Will Wilkinson, "Don’t Abolish Billionaires," The New York Times, Feb. 21, 2019

Uncaptioned image from article

Excerpt:

[I]t can be morally kosher to bank a billion and that the existence of virtuous three-comma fortunes is a sign not of failure but of supreme policy success. ...

But guess what? ... Egalitarian Sweden, an object of ardent progressive adoration, has more billionaires per capita than the United States. ...

Prosperity for Billionaires and Non-Billionaires Alike

Six countries outrank the United States on a well-being index and also have more billionaires per capita.

Human Development

Index rank

Billionaires

per capita rank

1

2

3

4

5

6

7

7

9

10

11

12

13

14

15

16

17

17

19

20

Norway

Switzerland

Australia

Ireland

Germany

Iceland

Hong Kong

Sweden

Singapore

Netherlands

Denmark

Canada

United States

Britain

Finland

New Zealand

Liechtenstein

Belgium

Japan

Austria

8

4

13

11

12

7

2

6

5

27

16

15

10

19

14

31

1

44

41

18

By The New York Times | Sources: Forbes; United Nations; World Bank

By The New York Times | Sources: Forbes; United Nations; World Bank