March 18, 2026

Who’s Afraid of a Trillionaire?

Who do you think would put a trillion dollars to better use: Elon Musk or the blowhards in Congress and bureaucrats in Washington?

Early this year, we learned that Elon Musk may become the first trillionaire in world history.

My friends on the left of the political spectrum have been fuming about this story as the ultimate example of the rich getting richer and the poor getting crumbs.

When I appeared on “Real Time with Bill Maher” not long ago, Bill questioned me about the prospect of Musk becoming a trillionaire. “Isn’t that excessive?” he asked.

Similar questions about the super wealthy have been asked throughout American history. The first multimillionaire, John Jacob Astor, amassed his fortune in the fur trade and in Manhattan real estate in the first half of the 19th century.

The first billionaire in America was John D. Rockefeller — arguably America’s greatest business mind. As the owner of Standard Oil in the early 20th century, he brought access to cheap energy to the masses. Yet the government sued him and broke up his company.

The first centibillionaire — someone with a net worth of $100 billion — in America was Bill Gates, founder of Microsoft in the 1970s and supplier of the world’s first dominant computer operating system. The government sued him too, as the price of computer software fell by 90%.

In 1994, Jeff Bezos founded Amazon and went on to become the second centibillionaire by selling and delivering things to Americans online at very low prices.

Progressives are horrified by the news of billionaires and the imminent arrival of trillionaires. Calls for imposing a steeply progressive wealth tax on billionaires (and trillionaires) are getting louder every day.

Notice that all the men of great wealth, and almost all of America’s other super wealthy throughout history — the Vanderbilts, J.P. Morgans, Andrew Carnegies and Henry Fords — built spectacularly successful companies out of nothing, and even invented whole new industries.

They didn’t inherit the money. They earned it themselves. Yet still they are disparaged as robber barons. They revolutionized and democratized energy production, railroads, cars, steel production and financial services.

Now the new multibillionaire class is making the digital age accessible to everyone. It’s no accident that we all have access to computers, AI, search engines, smartphones, MRIs and the like. Even the poorest among us have access to more goods and services.

Thanks to the genius of people like Musk, in a few years each of us will have our own robot who will do our bidding: Make the bed, fix our dinner, drive us to the movies, rake the leaves, and buy the groceries.

One of the most influential economic studies of modern times came from economist William Nordhaus, who estimated that consumers capture about 95% of the economic benefits from innovation — the social “surplus” — while inventors and entrepreneurs capture less than 5%.

In other words, for every billion dollars that Musk earns from his satellites and electric vehicles, everyone else in society is a combined $20 billion richer over time. Michael Jordan, Paul McCartney and Taylor Swift are billionaires, but the value of the joy they have brought to the citizens of the world is in the multiple hundreds of billions of dollars.

So just who owes whom money?

Someone show me any social welfare government program in American history that produces those kinds of benefits to mankind. Even Gates has a $100 billion charitable foundation, but the impact of its gifts and initiatives is dwarfed by the value added by his creation of Microsoft.

Here’s another way to think about it: Who do you think would put a trillion dollars to better use: Musk or the blowhards in Congress and bureaucrats in Washington? The question answers itself.

COPYRIGHT 2026 CREATORS.COM

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our Mid-Day Digest for a summary of important news each weekday. We also offer Cartoons & Memes on Monday, Alexander's Column on Wednesday, and the Week in Review on Saturday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the Tunnel to Towers Foundation, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray for the protection of our uniformed Military Patriots, Veterans, First Responders, and their families. Lift up your *Patriot Post* team and our mission to support and defend our legacy of American Liberty and our Republic's Founding Principles, in order that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2026 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.