​​Wanted: More Billionaires

The assertion that billionaires are a blight or a plague on society must be one of the most economically ignorant beliefs of all.
​​Wanted: More Billionaires
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Mark Hendrickson
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Commentary
Recently, Shawn Fain, the head of United Auto Workers (UAW), sounded like Sen. Bernie Sanders and Rep. Alexandria Ocasio Cortez when he said: “Billionaires in my opinion don’t have a right to exist. The very existence of billionaires shows us that we have an economy that is working for the benefit of the few, and not the many.”
Mark Hendrickson
Mark Hendrickson
contributor
Mark Hendrickson is an economist who retired from the faculty of Grove City College in Pennsylvania, where he remains fellow for economic and social policy at the Institute for Faith and Freedom. He is the author of several books on topics as varied as American economic history, anonymous characters in the Bible, the wealth inequality issue, and climate change, among others.
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