Taxing the rich? The middle class would much rather join them

Jan 17, 2026 | 17:42 IST

Show Them The Money: Entrepreneurs like Nvidia’s Jensen Huang create wealth not only for themselves, but for millions of shareholders

Instead of excoriating these targets of leftist wrath, the middle class would rather join them by becoming shareholders, directly or through mutual funds

Led by Thomas Piketty, leftist economists protest that inequalities are getting intolerable, so the richest should be taxed severely. Countering this, Jeff Bezos of Amazon pointed out last year that company founders had frequently made minority shareholders extremely wealthy. He suggested that entrepreneurs should be ranked not by their own wealth, but by the wealth they created for others.

For instance, Jensen Huang of Nvidia has wealth of $162 billion according to Forbes, a trifle compared with the over $4 trillion value he has created for all shareholders. Bezos owns about $250 billion of Amazon’s total value of $2.5 trillion. Apple founder Steve Jobs’ heirs got less than 1% of his fortune. Last Oct, Apple became the third company in history to crack $4 trillion in market value. By this metric, the richest have already shared trillions of dollars with millions of other shareholders.

TOI

TOI

Taxing the rich? The middle class would much rather join them

Instead of excoriating these targets of leftist wrath, the middle class would rather join them by becoming shareholders, directly or through mutual funds

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TOI

Taxing the rich? The middle class would much rather join them

Instead of excoriating these targets of leftist wrath, the middle class would rather join them by becoming shareholders, directly or through mutual funds

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