The post Most Americans Now Believe Billionaires Are A Threat To Democracy, New Data Shows appeared on BitcoinEthereumNews.com. Topline A rising number of Americans believe billionaires pose a threat to democracy, newly released data shows, and seven in 10 want the ultra wealthy to play a smaller role in U.S. politics amid an administration that has publicly cozied up to the country’s richest people. (L-R) Priscilla Chan, Meta founder Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla CEO Elon Musk attend the inauguration of Donald Trump. Getty Images Key Facts More than half of Americans (53%) believe billionaires threaten American democracy, data from the Harris Poll’s annual Americans and Billionaires Survey shows, up seven points from when the same question was posed last year. The survey found that Americans are becoming less enchanted with billionaires overall and want to see increasing regulations put on those with high net worths, including a limit on how much wealth someone can accumulate. More than half of respondents this year said they’d like to see limits on wealth accumulation (53%, up from 46% in 2024), and those people largely think nobody should be allowed to have more than $10 billion. Americans are also largely in favor of more regulations on billionaires—71% of respondents said there should be a billionaires tax and 64% think the government should impose mandatory philanthropic involvement for people worth more than $1 billion. Over a third of Americans believe the U.S. economy is an uneven playing field that prioritizes the ultra-wealthy, with more than seven in 10 agreeing that wealth inequality is a serious national issue. Almost all (94%) of respondents believe there is a wealth gap in America, with the top drivers cited as the rising cost of living outpacing incomes, corporate tax loopholes and lack of affordable housing. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so… The post Most Americans Now Believe Billionaires Are A Threat To Democracy, New Data Shows appeared on BitcoinEthereumNews.com. Topline A rising number of Americans believe billionaires pose a threat to democracy, newly released data shows, and seven in 10 want the ultra wealthy to play a smaller role in U.S. politics amid an administration that has publicly cozied up to the country’s richest people. (L-R) Priscilla Chan, Meta founder Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla CEO Elon Musk attend the inauguration of Donald Trump. Getty Images Key Facts More than half of Americans (53%) believe billionaires threaten American democracy, data from the Harris Poll’s annual Americans and Billionaires Survey shows, up seven points from when the same question was posed last year. The survey found that Americans are becoming less enchanted with billionaires overall and want to see increasing regulations put on those with high net worths, including a limit on how much wealth someone can accumulate. More than half of respondents this year said they’d like to see limits on wealth accumulation (53%, up from 46% in 2024), and those people largely think nobody should be allowed to have more than $10 billion. Americans are also largely in favor of more regulations on billionaires—71% of respondents said there should be a billionaires tax and 64% think the government should impose mandatory philanthropic involvement for people worth more than $1 billion. Over a third of Americans believe the U.S. economy is an uneven playing field that prioritizes the ultra-wealthy, with more than seven in 10 agreeing that wealth inequality is a serious national issue. Almost all (94%) of respondents believe there is a wealth gap in America, with the top drivers cited as the rising cost of living outpacing incomes, corporate tax loopholes and lack of affordable housing. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so…

Most Americans Now Believe Billionaires Are A Threat To Democracy, New Data Shows

Topline

A rising number of Americans believe billionaires pose a threat to democracy, newly released data shows, and seven in 10 want the ultra wealthy to play a smaller role in U.S. politics amid an administration that has publicly cozied up to the country’s richest people.

(L-R) Priscilla Chan, Meta founder Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla CEO Elon Musk attend the inauguration of Donald Trump.

Getty Images

Key Facts

More than half of Americans (53%) believe billionaires threaten American democracy, data from the Harris Poll’s annual Americans and Billionaires Survey shows, up seven points from when the same question was posed last year.

The survey found that Americans are becoming less enchanted with billionaires overall and want to see increasing regulations put on those with high net worths, including a limit on how much wealth someone can accumulate.

More than half of respondents this year said they’d like to see limits on wealth accumulation (53%, up from 46% in 2024), and those people largely think nobody should be allowed to have more than $10 billion.

Americans are also largely in favor of more regulations on billionaires—71% of respondents said there should be a billionaires tax and 64% think the government should impose mandatory philanthropic involvement for people worth more than $1 billion.

Over a third of Americans believe the U.S. economy is an uneven playing field that prioritizes the ultra-wealthy, with more than seven in 10 agreeing that wealth inequality is a serious national issue.

Almost all (94%) of respondents believe there is a wealth gap in America, with the top drivers cited as the rising cost of living outpacing incomes, corporate tax loopholes and lack of affordable housing.

Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here: joinsubtext.com/forbes.

Big Number

310. That’s how many billionaires in the world are worth more than $10 billion, according to Forbes estimates Friday. Of those, 122 are American.

Read More

Source: https://www.forbes.com/sites/maryroeloffs/2025/11/14/americans-want-billionaires-out-of-politics-and-think-theyre-a-threat-to-democracy-poll-shows/

Market Opportunity
Nowchain Logo
Nowchain Price(NOW)
$0.0008
$0.0008$0.0008
-1.23%
USD
Nowchain (NOW) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

X to cut off InfoFi crypto projects from accessing its API

X to cut off InfoFi crypto projects from accessing its API

X, the most widely used app for crypto projects, is changing its API access policy. InfoFi projects, which proliferated non-organic bot content, will be cut off
Share
Cryptopolitan2026/01/16 02:50
X Just Killed Kaito and InfoFi Crypto, Several Tokens Crash

X Just Killed Kaito and InfoFi Crypto, Several Tokens Crash

The post X Just Killed Kaito and InfoFi Crypto, Several Tokens Crash appeared on BitcoinEthereumNews.com. X has revoked API access for apps that reward users for
Share
BitcoinEthereumNews2026/01/16 03:42
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37