I was trying to come up with a phrase to define a policy that would address that. I think the most pressing issue in the country is wealth and income inequality, and wanted to draw attention to that. I saw that Sean had #AbolishICE and that caught fire for a while and started a movement.
Where did the phrase “every billionaire is a policy failure” come from? Dan Riffle As someone interested in philanthropy, and in wealth inequality, I thought it might be worthwhile to chat with Riffle and sort through what precisely he means when he declares billionaires a policy failure.Ī transcript edited for length and clarity follows. In the months since the initial blow-up, the backlash against big philanthropy from writers like Anand Giridharadas, Rob Reich, and Edgar Villanueva has continued to mount, undermining one of the main defenses of the existence of a billionaire class. (Only 20 percent of Americans agreed that “every billionaire is a policy failure,” compared to 45 percent who disagreed.) but I do think a system that allows billionaires to exist when there are parts of Alabama where people are still getting ringworm because they don’t have access to public health is wrong.”Īnd because anything involving AOC provokes massive public controversy, the tagline and Ocasio-Cortez’s articulation of it almost immediately prompted dismissive commentary in the business and right-wing news media, critique on the New York Times op-ed page, defenses by left-wing writers at outlets like New York magazine, and even some polling of the American public by Huffington Post/YouGov. Bill Gates or Warren Buffet are immoral people. At an event in January with writer Ta-Nehisi Coates, Ocasio-Cortez explained, “It’s not to say that. Alexandria Ocasio-Cortez (D-NY), but his name on Twitter is “Every Billionaire is a Policy Failure.” Dan Riffle is a senior counsel and policy adviser for influential first-term Rep.
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