Calls to ‘abolish billionaires’ raise eyebrows, but they’ve been a long time coming

February 10, 2019  —  By

For the first time on a large scale, Americans are debating whether to allow the existence of billionaires.

On Thursday, The New York Times published columnist Farhad Manjoo’s “It’s high time we abolish billionaires” above the fold on the front pageof its print edition. While Manjoo is far from the first person to articulate the idea — see freshman congresswoman Alexandria Ocasio-Cortez’s call for a 70% tax rate for income above $10 million or Sen. Elizabeth Warren’s call for a 3% wealth tax for fortunes above $1 billion — the unequivocal rallying cry was something different for the paper of record

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