Mark Zuckerberg Insists Billionaires Should Not Exist: ‘No One Deserves That Much Money’

The Facebook CEO is already facing backlash for this and other recent statements

Image Credit: Shutterstock

Facebook’s CEO Mark Zuckerberg, one of the wealthiest people in the world, just said he agrees with socialist Sen. Bernie Sanders (I-Vt.) that billionaires should not exist.

Related: Sorry, Mark Zuckerberg: No Oval Office for You

Sanders last month brazenly told The New York Times, “I don’t think that billionaires should exist.”

The senator — still a 2020 candidate for the Democratic nomination for president — went on to say he has plans for a wealth tax and what he’s calling a national wealth registry.

“This proposal does not eliminate billionaires, but it eliminates a lot of the wealth that billionaires have, and I think that’s exactly what we should be doing,” Sanders insisted.

As for Zuckerberg, who is worth — oh, about $69 billion or so — he was asked about Sanders’ comments during a Q&A session with employees on Thursday.

Should Trump keep building the wall?

By completing the poll, you agree to receive emails from LifeZette, occasional offers from our partners and that you've read and agree to our privacy policy and legal statement.

“On some level, no one deserves to have that much money,” Zuckerberg said of billionaires, as The New York Post and others reported of his remarks.

“I think if you do something that’s good, you get rewarded.”

“But I do think some of the wealth that can be accumulated is unreasonable,” he said.

Zuckerberg has already promised to divest much of the wealth he accumulates in his life to various philanthropic causes.

However, during his talk with employees, he also acknowledged the criticism of such a small group of wealthy individuals getting to decide just what causes get support.

“We’re funding science, for example,” he said of himself and his wife, Priscilla Chan.

“And some people would say, ‘Is it fair that a group of wealthy people get to, to some degree, choose which science projects get worked on?’ I don’t know how to answer that exactly.”

“The alternative would be the government chooses all of the funding for all the stuff,” Zuckerberg then said.

“What I worry about a little bit when I hear sentiments like what the senator suggested is the suggestion that this should all be done publicly … I think [that] would deprive the market and world of a diversity of different attempts that can be taken.”

It’s unfortunate Zuckerberg is aligning himself with a socialist such as Sanders — someone who has indicated he’s hellbent on devaluing hard work and ingenuity by delivering as many handouts as possible to almost anyone who asks for them.

People who put in the hard work, the sweat equity and everything else, deserve all the money they make and any other rewards as well — and Zuckerberg should know that pretty well himself, one would think.

And they should be able to do with those rewards as they please — just as Zuckerberg and his wife are doing and have pledged to do.

Share your thoughts below.

Join the Discussion

COMMENTS POLICY: We have no tolerance for messages of violence, racism, vulgarity, obscenity or other such discourteous behavior. Thank you for contributing to a respectful and useful online dialogue.

Notify of
Inline Feedbacks
View all comments