Opinion

Let socialists rob from the rich 100% and you still won’t be able to pay the bills

Study finds confiscating all wealth from America's 400 richest people would cover only 9% of what socialists want

By Ted Jenkin Fox News

Published September 10, 2026 7:00am EDT

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Mike Johnson warns Hakeem Jeffries as Democrats divide over socialism vote

House Speaker Mike Johnson says 'communists' are taking over the Democratic Party. This comes after House Minority Leader Hakeem Jeffries faces a party split over a resolution condemning socialism. Fox News' Chad Pergram reports.

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"Tax the rich." It's one of the easiest political slogans in America.

Need more money for government programs? Tax the rich.

Want free college or groceries? Tax the rich.

Want universal healthcare, government-funded childcare, housing programs and expanded Social Security? Just make billionaires pay their "fair share."

Elon Musk listens as President-elect Donald Trump addresses a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill in Washington, D.C., on Nov. 13, 2024. Musk was the world's first official trillionaire. (Getty Images)

There's only one problem. The math.

THE MEDICARE FOR ALL TRADE-OFFS SOCIALISTS AREN'T TALKING ABOUT, ACCORDING TO EXPERTS

The Cato Institute recently decided to run the numbers on nine major proposals associated with the Democratic Socialists of America's 2026 platform. Cato estimates those proposals could cost somewhere between $71 trillion and $212........

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