The Billionaire Blunder: How the Rich Lost Their Grip

A World Shaped by the Elite

The super-rich have long lived in a dream world, shaping laws and politics to their advantage. Thanks to favorable court rulings, they've amassed incredible wealth. The top 20 richest Americans doubled their wealth in just five years, often operating behind the scenes.

Political Maneuvers

Now, billionaires are making bold political moves:

• Elon Musk backed Trump and tried to influence elections.
• Marc Andreessen's firm is spending big to stop AI regulations.
• Bill Ackman is ready to spend millions to defeat a political candidate and even suggested calling in the National Guard if things don't go his way.

Seeking Attention and Influence

Beyond politics, billionaires are sharing their personal lives:

• Jeff Bezos had a lavish wedding.
• Bill Ackman gives dating advice.

Public Opinion Turns

Public sentiment is shifting against the super-rich:

• People want higher taxes on the wealthy.
• Politicians like Bernie Sanders and Alexandria Ocasio-Cortez gain support with anti-billionaire messages.
• New York City elected a democratic socialist mayor who wants to abolish billionaires.

Extreme Behavior and Disconnect

The behavior of the super-rich is becoming more extreme:

• Some want to escape democracy or control cities.
• Their ideas, once laughable, now seem plausible and even scary.

The disconnect between the elite and ordinary people is growing:

• The super-rich avoid interacting with common folk.
• They consume different media and trust their own kind.

Public Sentiment and Political Liability

A recent Harris Poll shows:

• Most Americans see billionaires as a threat to democracy.
• A majority supports a wealth tax and capping wealth accumulation.
• The Epstein files controversy reveals an unusual alliance forming against elites.

For politicians, billionaire support is becoming a liability:

• Candidates backed by the rich are losing elections.
• The favor of the super-rich is no longer a blessing but a curse.

Historical Precedents

History shows that similar situations didn't end well. The French Revolution serves as a stark reminder of what can happen when elites lose touch with reality.