Populist 'War on Billionaires' Criticized as Harmful Economic Misinformation
The argument that the economic system favors the ultra-wealthy at the expense of workers is false. Such rhetoric is detrimental to the aspirations of young people entering the workforce.
<p>The left- and right-wing populists calling for targeted taxes on the ultra-wealthy argue that the economic game is rigged against typical workers, allowing the rich to take from the middle class and the poor. But this claim is untrueโand the opposite of what aspiring young people need to hear.</p>