Adam Schiff's Latest Elon Musk Wealth Grab Fantasy Is Even Worse Than It Sounds

We've seen a variety of Democrats make ridiculous remarks since Elon Musk became a trillionaire following the initial public offering (IPO) of his company, SpaceX.

They all seemed to think this was the time to talk about how much the government should grab from Elon and/or billionaires to redistribute to those who didn't earn it, and punish success. The Democratic nominee for the Senate from Maine, the scandal-plagued Graham Platner, even said that they should make sure that Musk was the "last trillionaire." California Gov. Gavin Newsom (D) said we needed to "democratize the economy."

There was Democrat Rep. Ro Khanna (CA-17), who revealed why we should never vote for his party and had problems with math as he spoke about a 5 percent wealth tax on billionaires.

This the basic difference.
Republicans believe that that if you let the wealthy spend capital` it will make Americans prosperous.
Democrats believe that the federal government investing in the healthcare & education of our people will make America prosperous & productive.

As I noted then, Democrats think that "prosperity" comes from taking more of your money because they know how to spend it for you. What an ad for why we shouldn't vote for them.

However, Sen. Adam Schiff (D-CA) apparently decided he wanted to top Khanna with an even worse idea. Actual redistribution of Elon's trillion to other people.

Adam Schiff released a video fantasizing about what “we” could pay for “by the wealth of our first trillionaire."

"$1 trillion, if we decided to distribute that equally among American households, your household would get $7,500..."

Sounds downright utopian, Adam. pic.twitter.com/uPFT11u3a0
— Western Lensman (@WesternLensman) June 18, 2026

First, he says you could distribute it to all American households. Then, he claims the trillion could pay for the college education of 7.7 million people. Finally, he suggests you could use it to pay for all child care costs from birth to 18 for 4.3 million kids.

The Democrats are literally now proposing the idea of confiscating all someone's money. Can we talk again about how they are rushing headlong to embrace radical leftist thought?

Leaving aside the questions of Schiff's math, Musk doesn't have a trillion dollars lying around in cash you can grab. It's locked up in the stock and the value of the companies. If you grab it, you destroy the companies and all they would provide, including the scientific advancement and the space exploration. You put all the tens of thousands of employees out of work. You destroy the investments that Americans have in his companies and probably tank the stock market, so you hurt all those people as well.

Then you would probably cause billionaires to flee the country, if we had a government idiotic and communistic enough to do this, tanking the economy and the country even more.

Then, too, can we talk about how bad they already are with the money they have taken from American taxpayers? It isn't Elon grabbing your money; it's the government. Elon was actually working hard to save us money when he was helping out the Trump administration with the Department of Government Efficiency (DOGE). Elon has created value, while politicians have created debt.

But hey, just trust the Democrats, bro. They really mean well, even though the government has already gotten trillions and not done any of these things. All you need to do is give them more money. Not to mention, it isn't the role of the government to pay for the things he's talking about.

Then, to top it off, Schiff doubled down on it after the backlash, posting Fox's take on his video, calling it (appropriately) a "war on success."

Fox News: Adam Schiff points out how far $1 TRILLION would go to help Americans afford the cost of living if tax shelters didn’t allow it all to go to one person.

Me: Yup. pic.twitter.com/5ViWj8v1lq
— Senator Adam Schiff (@SenAdamSchiff) June 20, 2026

Fox News: Adam Schiff points out how far $1 TRILLION would go to help Americans afford the cost of living if tax shelters didn’t allow it all to go to one person.
Me: Yup.

Nope. Fox didn't say in that clip, "if tax shelters didn't allow it all to go to one person." That doesn't even make sense, as the money is wrapped up in stock value, not tax shelters.

Schiff called Musk's success a "product of a corrupt system." Musk's success is due to hard work and ingenuity. He earned it. Meanwhile, Schiff has been part of the system that just keeps spending more and piling up the debt, so what is he even saying?

Any Democrat who comes up with these kinds of ideas should be willing to put up some of their own money. After all, if they care about "income inequality," it's the least they can do if they're going to push these ideas.

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