In defence of billionaires

摘要

BASHING BILLIONAIRES is gaining popularity—especially among candidates to be America's president. Elizabeth Warren wants to take up to 6% of their wealth in tax every year. Ber-nie Sanders says they "should not exist". "Every billionaire is a policy failure," goes a common left-wing slogan. In Britain's election, too, the super-rich are under fire. Jeremy Corbyn, the leader of the Labour Party, says that a fair society would contain none. On October 31st he vowed to "go after" Britain's plutocrats, singling out five individuals and bemoaning a "corrupt system".