Somehow getting myself on Bernie Sanders email list, i have been privy to what is going on over there in the United States in the build up to the Election in 2020 and what is going on is that the billionaires and super-rich are panicking that he and his left wing ilk are gunning for their bank accounts.
Citi, an Investment Banking Company, have issued a letter to their more wealthy customers warning that there may be a 'a war on wealth' coming and the rich are being seen as 'a cash cow for re-distributional policies' after the idea of a wealth tax was floated by Presidential candidates Bernie Sanders and Elizabeth Warren to pay for a much-needed reinforcement of the country’s social safety net.
Billionaire Michael Bloomberg, so explains Sanders, is so opposed to the idea of wealth taxes and increased regulation that he jumped into the presidential race last month and there was a video of a hedge fund billionaire Leon Cooperman sniffling at the 'the vilification of billionaires which makes no sense to me' and explaining that 'billionaires have made the world a better place'.
Goldman Sachs CEO Lloyd Blankfein suggested taking aim at billionaires was 'discrimination' and several big Democrat donors are threatening to remove their support if Bernie Sanders or Elizabeth Warren gain the nomination.
Warren said recently that she didn't think that she didn't think billionaires should exist but as they do it shows that the trickle down and the overwhelming debts of the common people is actually more proof of a trickle up.
America's billionaires then are not feeling the love of the people and that is only a good thing because they shouldn't.