“Tax the rich” is not a phrase to be used lightly and has been part of ongoing protests and pop culture for a long time. However, little has been done to actually tax the wealthy, and every time a politician approaches this issue, let alone implements it, the wealthy push back the most (as expected), citing reasons that seem unintelligible to me.
The latest to join the group (though I’m almost certain he has spoken about this before) of billionaires who believe taxing the rich wouldn’t help ease pressure on ordinary US citizens is Amazon founder Jeff Bezos. As of May 28, 2026, Forbes estimates Bezos’s net worth at $280.2 billion, making him the fourth-richest person in the world. Yet, while speaking to CNBC Television just eight days ago, he appeared to suggest that spending on individual students in New York City was what was preventing lower-income groups from leading decent lives.
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