Are billionaires getting more liberal?
It seems to me that some factor or combination of factors, by they structural/macroeconomic, tax policy related, or other, have had in recent decades the effect of disproportionately rewarding a class of ultra-rich people who happened to be more politically progressive than the previous generation's billionaires. My main piece evidence for these trends is the increase of self-made billionaires, and decrease in inherited wealth among the Forbes 400 over recent years, as documented by Forbes . It stands to reason that the more self-made prominent billionaires you have, the less relative power inheritance billionaires have, who will tend to be relatively more conservative. This tendency may be shown in recent studies such as " Stealth Politics by US Billionaires ", which attempts to document the political leanings of those at the very top of the economic hierarchy. I thought it was an interesting hypothesis, and one that may predict significant political and social i...