America Needs More, Not Fewer, Billionaires

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.
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%.
But much of this rich-bashing isn’t based on fact. Robert Reich of the University of…
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