Not denying the rise of nationalism and autocracy being more popular, just not sure billionaires are so hegemonious.
Open to new data.
Yeah, so I found
this study pretty persuasive:
"Our new, systematic study of the 100 wealthiest Americans indicates that Buffett, Gates, Bloomberg et al are not at all typical. Most of the wealthiest US billionaires – who are much less visible and less reported on – more closely resemble Charles Koch."
The fundamental asymmetry comes from self-interest in seeing their (highly unpopular) policies succeed:
'The answer is simple: billionaires who favor unpopular, ultraconservative economic policies, and work actively to advance them (that is, most politically active billionaires) stay almost entirely silent about those issues in public. This is a deliberate choice. Billionaires have plenty of media access, but most of them choose not to say anything at all about the policy issues of the day. They deliberately pursue a strategy of what we call “stealth politics”.'
They arrive to specific numbers:
"over the 10-year period we have studied, 97% of the wealthiest billionaires have said nothing at all about social security policy. Nothing about benefit levels, cost-of-living adjustments, or privatization. (Also nothing about the popular idea of shoring up social security finances by removing the low “cap” on income subject to payroll taxes and making the wealthy pay more.) How can voters know that most billionaires are working to cut their social security benefits?"
Or the estate tax:
"Or consider the estate tax. Our study ferreted out quiet activity by 12 of the wealthiest billionaires – including the Kochs and (perhaps unsurprisingly) several wealthy inheritors of the Walton and Mars fortunes – aimed specifically at cutting or abolishing the estate tax. They gave money to policy-oriented organizations seeking to abolish the tax, or founded such organizations, and served on their boards. Not a single billionaire took such activity to support the estate tax."
In short: billionaires supporting ultraconservative policies know those are unpopular and are hiding their activities. Liberals are proud of their views and don't hide it - even when they do little in terms of supporting those policies effectively.
The result is a slanted "impression" voters get via the media, plus significantly more stealthy financial support for conservative policies.