Billionaires should be grateful for their good fortune and stop being so sensitive to public criticism and name-calling by politicians, tech billionaire Chamath Palihapitiya said Wednesday.
"My main hang up has been the constant attacking of wealthy people, the villainizing of the billionaire class," he said on CNBC. "I don't get it."
Palihapitiya responded that billionaires need to better understand the perspective of the millions of Americans who have not seen their wealth soar from the stock market or other investments. "I'm in the same fortunate position you're in," he told Cooperman. "But at the end of the day, if the worst thing that happens is that people name-call us a little bit, and people call us billionaires and detached..that's not the worst thing in the world.and now invests in other companies-- also defended Sanders against Cooperman's claim that the Vermont senator is a communist who supported Fidel Castro.
"What do you say to the 50 million-plus people who believe that if you read the policies and take the label of socialism aside," Palihapitiya said. "Sanders really looks more like a Social Democrat that's akin to a politician in the Nordic countries than he does to a Fidel Castro 2.0.
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