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Trillionaires Like Elon Musk Aren’t A Problem For America, Envious Leftists Are

Multimillionaire politicians denounce billionaires as the source of all evil, to the applause of college graduates pretending to be working class. It’s a dangerous farce.

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The billionaires are not the problem, and neither is the trillionaire — but Democrats disagree.

There are incessant denunciations of billionaires from the Democrats’ Bernie Sanders wing, which has seized control of the party. Their fulminations against wealth became louder still when SpaceX going public pushed Elon Musk’s estimated net worth over $1 trillion. One congressman whined, “Trillionaires shouldn’t exist in a moral society.” 

Of course, many of those making these arguments are themselves fabulously wealthy, with no intention of giving up their own millions. Nonetheless, they persist in blaming the problems of the world, the nation, and their lives on the ultra-rich. They’ve also been calculating (often erroneously) the various ways Musk’s wealth could be spent if it were just taken from him. They say we could fix society by taking from the rich to spend on the poor. 

It won’t work. Democrats are incredibly wasteful with government funds. Trillions of government dollars are already spent on health care, education, and so on; a bit more is not going to make much difference. Furthermore, though Democrats tend to believe wealth comes from exploitation, that the haves........

© The Federalist