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news Project Syndicate 2026-05-13

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 untrueโ€”and the opposite of what aspiring young people need to hear.</p>

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