We are all in this together, even Elon.
There’s a myth we tell ourselves in America—that the wealthiest among us are entirely self-made, that their success comes purely from their own hard work, intelligence, and risk-taking. You hear it all the time, often from the billionaires themselves. They built their companies “from scratch.” They “earned every penny.” And when the subject of taxation comes up, they argue that it’s unfair for the government to “confiscate” the wealth they created and give it to those who haven’t worked as hard.
It’s a compelling story. But it’s also incomplete.
Elon Musk didn’t build Tesla and SpaceX in a vacuum. Jeff Bezos didn’t create Amazon out of thin air. Even the late Steve Jobs, the genius behind Apple, didn’t succeed in isolation. Every billionaire, every entrepreneur, every corporate empire stands on a foundation of public investments, social systems, and infrastructure that made their success possible.
The Roads, Wires, and Networks They Didn’t Build
Start with the basics. Without roads, bridges, airports, and railways, businesses couldn’t transport goods. Without an educated workforce, companies couldn’t hire skilled employees. Without a functioning legal system to enforce contracts and protect intellectual property, innovation would be too risky.
But let’s go even deeper.
The internet—without which companies like PayPal, Amazon, and Google wouldn’t even exist—was created with government funding. It started as ARPANET, a project of the U.S. Department of Defense. The same goes for GPS, touchscreen technology, and countless other breakthroughs that companies later turned into billion-dollar industries.
Elon Musk, now the world’s richest man, got his start with PayPal, an online payment platform that was only possible because of the internet and a stable financial system backed by government regulations and consumer protections. His later ventures, Tesla and SpaceX, have received billions in government subsidies, research grants, and contracts. And yet, he rails against the very taxes that support the system that made his success possible.
The Myth of the Self-Made Man
The idea that billionaires “did it all themselves” ignores the millions of people whose labor keeps their companies running and the social programs that keep their customers able to buy products. Amazon’s entire business model depends on reliable roads, an educated workforce, and customers with disposable income. Walmart thrives in towns with a strong middle class. Tesla cars aren’t selling in countries with extreme poverty.
If the economy collapses, so does their wealth. That’s why government stimulus programs—so often criticized as “handouts” for regular people—are quietly welcomed by big business when things go south. During the 2008 financial crisis, banks got massive bailouts to keep them afloat. During the COVID-19 pandemic, government relief checks kept people spending, which in turn kept businesses from sinking.
The True Purpose of Taxes
When billionaires and corporations push for tax cuts, they frame it as a moral issue. They argue that it’s unfair to take what they’ve “earned” and give it to the undeserving. But taxation isn’t about punishing success—it’s about maintaining the system that allows success to happen in the first place.
Progressive taxation funds the infrastructure, education, healthcare, and social stability that create the conditions for prosperity. When done right, it prevents economic stagnation, reduces poverty, and ensures that opportunity is available to more than just the lucky few.
If taxes were really the enemy of success, why do countries with strong public investments—like Denmark, Sweden, and Germany—continue to rank among the world’s most competitive economies? Why do billionaires still flourish in places with high taxes and strong safety nets?
Investing in the Future
No one is saying billionaires shouldn’t be rewarded for their vision, leadership, or innovation. But let’s stop pretending that they did it alone. They benefited from the roads they didn’t pave, the schools they didn’t fund, and the technology they didn’t invent. They thrived in an economy kept stable by government protections and social investments.
And when they argue that taxes are unfair, maybe we should ask: unfair to whom?
A society that supports its people—through education, infrastructure, healthcare, and fair wages—is not just good for the poor. It’s good for the wealthy, too. Because without it, there would be no wealth to accumulate.