Gonzalo Schwarz: America needs even more billionaires fueled by the American Dream, not fewer

Gonzalo Schwarz: America needs even more billionaires fueled by the American Dream, not fewer

As New York Mayor-elect Zohran Mamdani’s inauguration looms, the wealthiest Americans are being targeted as a rallying cry. In recent weeks, Mamdani’s criticism of millionaires and billionaires has been echoed by Sen. Bernie Sanders, megamillionaire singer Billie Eilish, and even an entity called “Patriotic Millionaires,” which demands higher taxes on those wealthier than they. Of course, philanthropy is patriotic. While the United States has th…