The richest billionaires are richer than ever, but politically, their stock is at an all-time low.
While criticizing the Uber wealthy is nothing new for the radical left,
billionaires are increasingly the villain even in the story the center left tells to voters.
From California to France, calls for wealth taxes are gaining momentum.
But are billionaires really a menace to society, or is the outrage overblown?
I'm Henry Kerr, and this is Inside Economics.
Joining me in the studio is Josh Roberts, our capital markets correspondent.
Hi, Josh.
Hi, Henry.
And Archie Hall, our acting economics editor.
Hi, Archie.
Hello.
So, we're going to examine the growing backlash against billionaires.
We're going to discuss what's fueling the anger and then dissect these arguments
and ask, do they really make sense?
But first, let's start with you, Archie,
and please tell us, what's going on with the number of billionaires?
How many are there?
There's rather a lot of them.
I think we've a chart on this showing the sheer increase in the global number