Blaming billionaires is easy. Fixing bad policy, broken incentives, and decades of fiscal irresponsibility isn’t — so Bernie Sanders keeps the outrage machine running instead.
A lot of people — Bernie Sanders in particular — hate billionaires because they assume billionaires stole their wealth.
But that belief comes from misunderstanding how value is actually created.
💵 Creation vs. Printing
Bernie and the government “create money” by printing it — literally out of thin air — which steals purchasing power from everyone who already has dollars.
That’s not value creation. It’s value redistribution by dilution.
So when that’s your frame of reference, you start to believe that everyone who gets rich must have taken something from someone else. Because that’s how you create “money” in politics — you print it or tax it away.
But wealth in a free market isn’t created by decree. It’s created by building, coordinating, and innovating — by making something others voluntarily trade for.
📈 Value Creation Is Not Theft
Larry Ellison, for example. One day Oracle stock went up, and his net worth jumped by $100 billion. Bernie acts like Larry ran around stealing $100 billion from working people.
But that’s not what happened. That value didn’t exist before — it was created.
Wealth in the market represents new value built through skill, innovation, and coordination, not theft.
If you’re stranded on an island with a billion dollars, it’s worthless. You need resources, tools, and knowledge to turn that “money” into something useful.
The problem is, people who’ve never built or created real value assume no one else can either.
So they see wealth as theft instead of creation. That’s the confusion at the heart of modern politics.
⚠️ Bernie’s Game: Blame, Not Solutions
And that’s where Bernie Sanders comes in.
He isn’t actually helping working people by pointing to billionaires as evil — he’s manipulating them.
By giving people a villain to hate, he distracts from the real causes of economic pain — bad money, wasteful government, and decades of inflation that quietly rob savers and workers.
He rallies frustration around a scapegoat instead of a fix.
If Bernie genuinely wanted to help, he’d talk about restoring fiscal discipline, reducing waste, and making it easier for regular people to build wealth — not demonizing those who already have.
But he doesn’t. Because blaming billionaires is politically easy.
Fixing the system would mean questioning the very machine that gives him power.
So instead of solving problems, he feeds resentment — keeping people angry, divided, and dependent on him to express that anger.
🧮 The Fantasy of the “Billionaire Tax”
In a recent Time article titled “I’m a Millionaire. No One Needs More Than $30 Million”, the author argues that a Billionaire Income Tax could raise $557 billion over ten years and “jump-start a permanent safety net.”
That sounds impressive — until you look at the math.
The U.S. government currently runs a $2 trillion annual deficit.
That’s $20 trillion in overspending every decade.
So this “transformative” billionaire tax covers less than 3 % of the hole. It’s fiscal rounding error.
The problem isn’t a lack of billionaire money — it’s a lack of discipline and accountability.
🏛 The Real Problem Isn’t “Too Much Money” — It’s How It’s Used
The Time article goes on to argue that wealth beyond $30 million stops being about living well and becomes about wielding power — influencing elections, buying media outlets, and suppressing competition.
That part isn’t entirely wrong. Money can corrupt politics.
But the author’s solution — capping wealth — misses the point completely.
If the issue is that money manipulates the system, then the answer is to make the system harder to manipulate, not to confiscate wealth after the fact.
We should make elections harder to buy, not success harder to earn.
Reform campaign finance, close regulatory loopholes, stop insider lobbying — that’s how you stop abuse.
The same goes for the “buy, borrow, die” loophole that allows the ultra-wealthy to avoid realizing gains.
If that’s the concern, close the loopholes directly — don’t destroy the entire structure of value creation to fix a tax code glitch.
And even then, no system will ever be perfect.
Smart, ambitious people will always find new ways to optimize around the rules — that’s part of what makes them successful.
Every time you close one loophole, innovation and adaptation create another.
The goal shouldn’t be to eliminate advantage; it should be to keep the playing field open and the incentives productive.
And far from “locking others out,” large pools of wealth are what fund the next generation of builders.
People don’t lose the chance to innovate because billionaires exist — they lose it when regulation, bureaucracy, and bad policy make it impossible to start or scale.
Just look at Europe: it leads the world in regulation, but none of the world’s biggest or most dynamic companies are European.
They’ve made it harder to fail, but also impossible to truly win.
Capital isn’t a finite pie being hoarded; it’s the byproduct of trust, savings, and productive investment.
Destroy that, and you destroy the fuel for future innovation.
Blaming “too much money” is a lazy shortcut that lets broken institutions off the hook.
💥 What Happens If You Actually Take It
Let’s pretend we go full Bernie and seize every dollar of billionaire wealth in America — all $6 trillion of it.
Here’s what happens:
- That covers just three years of deficit spending at current rates. Then what? You’re out of billionaires, and the deficit keeps growing.
- Most of that wealth isn’t cash. It’s ownership stakes in companies — Tesla, Oracle, Amazon, Microsoft, etc.
- If the government forces liquidation, prices collapse. No one can buy trillions in stock without tanking the market.
- Even a 50 % drop cuts the haul to $3 trillion — barely 18 months of deficits.
- Who buys the assets? The next-richest class. Inequality reshuffles briefly, then reforms.
- Meanwhile, innovation stalls. Investment dries up. Everyone gets poorer.
You can’t fund a government by destroying the productive capital that funds everything else.
⚙️ The Real Issue Isn’t Wealth, It’s Value
Wealth isn’t evil — it’s a signal that someone created something valuable enough for millions of people to trade their time or money for it.
That’s fundamentally different from printing dollars and calling it “stimulus.”
If we want a stronger, fairer economy, the solution isn’t confiscation — it’s creation.
Encourage building, innovation, and hard work, and you’ll raise living standards for everyone.
Punish them, and you’ll end up with equality through shared decline.
🧭 Final Thought
Bernie isn’t fighting for the working class. He’s fighting to stay relevant to it.
You don’t fix inequality by burning down the factory.
You fix it by letting more people build factories of their own.
MyWheelLife.com 