People don't hate the billionaires, they disapprove of a system structured to allow some people to acquire vast wealth on the order of billions while large numbers struggle with the basics like healthcare, childcare, education, and housing, while that system pays lip service to their struggles while doing little to change it.
Western European countries, Japan, South Korea, for example, have billionaires, and many 100-millionaires, but do a much better job providing universal benefits.
Rational people may do that. There is a sadly sizable contingent which absolutely does hate on billionaires though and let it become a distraction from /actually doing something about the system/. Hell often they violently oppose change to the same system which actually helps because of their own spite and selfishness. And it shows up in so many different ways and contexts.
From the racists on food stamps and welfare who want it cut and then are /shocked/ when they lose it after their canidates are elected. Everyone with a rent controlled apartment who opposes building more housing while blaming billionares simutaniously for gentrification jobs and lack of jobs causing the area to go to hell. Those complaints about traffic while opposing public transit expansion, or the sorry state of roads while angrily rejecting gas taxes to fund it.
Blaming billionares or any other helps them deny that the source of all of their life problems can be found in the mirror.
> From the racists on food stamps and welfare who want it cut and then are /shocked/ when they lose it after their canidates are elected. Everyone with a rent controlled apartment who opposes building more housing while blaming billionares simutaniously for gentrification jobs and lack of jobs causing the area to go to hell. Those complaints about traffic while opposing public transit expansion, or the sorry state of roads while angrily rejecting gas taxes to fund it.
Many of these cases are examples of tragedies of the commons, where people "rationally" advocate for their individual maximum utility, while suffering the costs when the commons is overwhelmed by the everyone doing the same.
People don't hate the billionaires, they disapprove of a system structured to allow some people to acquire vast wealth on the order of billions while large numbers struggle with the basics like healthcare, childcare, education, and housing, while that system pays lip service to their struggles while doing little to change it.
Western European countries, Japan, South Korea, for example, have billionaires, and many 100-millionaires, but do a much better job providing universal benefits.