The world needs more, not fewer, trillionaires.
Ironically, the socialist left needs them more than anyone. Who's going to create the wealth to fuel socialist waste, fraud, and redistribution? Who's going to pay down the $40T in debt in the U.S.?
Nobel Prize-winning economist William Nordhaus estimates that entrepreneurs only capture about 2 percent of the value they create. Each new trillionaire represents a new $50T infusion of value into the economy.