alt Hacker NewsIMO its a useful populist slogan because it solves a different problem: The power that comes with being a billionaire. E.g. its all well and good to focus on fixing democracy instead, but if (some specific) billionaires are focused on deploying their wealth to destroy democracy, then what?
I've generally come around to believe that we need to limit wealth from a purely power / control point of view.
I think it's a great system of checks and balances- billionaires are only created by dealing with a lot of people and successfully solving a lot of problems. Once they have it, it's work to hold on to the money though. Politicians don't really produce anything measurable to show if they've helped or hurt society, and so they work to devalue the meaning of the dollar.
If you get rid of wealthy people's power, what takes its place other than politicians?