Tax The Which?

(Image: a satirical photo of three grinning men — Grant Cardone, Elon Musk and Mark Zuckerberg style — fanning handfuls of $100 bills.)

Okay, let’s be real here. Guys like Robert Reich talking about “tax the billionaires” and all that fluff.

Let’s tax a billionaire. Let’s take Grant Cardone for example. Right now he is a freshly baked billionaire. He has much more money than some people would be capable of spending in their lifetime.

He also provides housing for 14,500 families, 20,000 people are benefiting as investors in his enterprises, and he employs over 300 people in just one of 12 of his ventures. And I’m not even counting his charitable fundraising activities.

Let’s deprive Grant Cardone of all his money and let’s equally distribute his wealth amongst all Americans. Finally, each of us will get $3. There will be no enterprises, no charitable activities and nothing of that sort. But all of us will get $3. Well, that is impressive.

Okay, why go only after Grant? After all, there are many more billionaires in the US. Let’s go after all of them in one go. There are an estimated 1,000 billionaires in the US. Just to do a roundup, you can say that each has about 3 billion dollars. (Whatever Musk and Zuckerberg have is just numbers on paper, so we’ll just go with a rough estimation here.) Altogether they have quite a tremendous amount of money: 3 trillion dollars.

Well THAT is quite a sum. Now, let’s split that into pieces and let us have a cut of that. With all that wealth each and every one of us will get $8,700. Amazing! What a joy. What can one do with this much money?

Well, I do have an answer to that question. Nothing. “Nothing” is your answer. And I know that for sure, cause I’ve observed the government giving out free money during COVID. At BEST some of my friends spent that money to cover some credit card debt. But most of them just went on a shopping spree. Amazon got most of those checks in the form of clothes, PS5s, console games and other such stuff. I’ve seen maybe 3 out of 100 moving this money into some venture or using it to get some advantage.

So there is NO use whatsoever in taxing anyone who has a lot of money. That money won’t go to you anyway. You can’t even cover the US budget with this money for half a year.

And let’s not talk about the fact that if you actually try to tax (or attempt to tax) all those people, they will be quick to leave the country and we will lose all the money flow and jobs that are created in this country. In reality, even if some socialist-driven bureaucrat decides to tax all the billionaires let’s say 10% of their wealth, that’s only $800 per person in the US per year. It won’t make a dent in the actual economy.

So what to do if during the reading of this text you are getting an overall emotion of anger, rage, despair or numbness? What to do if, unlike those guys who are billionaires, you are the one struggling with paying bills?

Let’s be real. The thing to blame here is your education.

You have been taught some 1920s idea of how a person must live in the world. Our schools have been spoon-feeding you some data about “corporate ladders” or “stable jobs” when none of that works in the first place. At least not in 2025.

You need to stop being angry at the people who make more money than you and start studying them. If not the Marks and Elons of this world, then at least your more successful peer.

Change your podcast. Delete your YouTube watch history and subscriptions and start subscribing to people who made some money. There are plenty of those.

Maybe there are only 1,000 billionaires in the US, but at the same time 30 million of the US population are millionaires. Think of this — one out of 10 people in this country is a millionaire. You don’t need to try to get the wealth of 1,000 in this country. You just need to become as good as one out of any 10 people in this country. Seriously, it’s a first step, but it’s not that complicated of a step.

So don’t expect someone else to give up his wealth to you for no reason. Won’t happen. Make your own. You live in a country where pretty much anyone can.