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nostrademons 6 hours ago

He is probably the actual billionaire in question, but doesn't want to highlight that point given the populist backlash against billionaires.

deaux 5 hours ago | parent | next [-]

Popular, or "common", rather than populist.

nostrademons 5 hours ago | parent [-]

I actually meant populist, meaning affiliated with populist ("of the ordinary people") political parties on both right and left.

beepbooptheory 4 hours ago | parent [-]

Do all the non politically affiliated people who hate billionaires not count? Or why is the granularity here important? Your point is stronger the other way!

4 hours ago | parent | next [-]
[deleted]
nostrademons 4 hours ago | parent | prev [-]

Populism is a "thin" political ideology that often gets layered on top of other political ideologies, both left- and right-wing. It simply means "policies that appeal to ordinary people" (vs. a rich and perceived corrupt elite). By definition, someone who hates billionaires simply because they are billionaires is a populist. They might hate other populists that have attached themselves to other political ideologies (and have different scapegoats or preferred policy prescriptions to rectify the inequality), but they are still a populist.

chasd00 4 hours ago | parent | prev [-]

Funny that it use to be the millionaires everyone hated. I guess there are too many millionaires these days and vilifying them means turning yourself or someone you know into the villain. That’s probably a little too uncomfortable.

swiftcoder 3 hours ago | parent | next [-]

Inflation has made so many "millionaires" (8% of US households), and at the same rendered it a meaningless title - a salaried worker who paid off their 30 year mortgage and has a little in their 401k is quite likely to cross the million net worth threshold.

A million is hardly buying mansions, yachts, and champagne-filled swimming pools in the current economy

SpicyLemonZest 3 hours ago | parent | prev [-]

Well, I would reframe it. A comfortable retirement nest egg is now over a million in most parts of the US, and the people who used to rail against millionaires were never intending to argue that people shouldn’t be allowed to enjoy a comfortable retirement.