Daymond John Says Billionaires Benefit Society, Calls Idea of Eliminating Them ‘Silly’

TMZ

Daymond John’s coming in hot for the "eat the rich" crowd ... unloading on "TMZ Live" and insisting the ultra-wealthy are keeping the world turning, not tearing it apart!

Transcript

00:00first of all billionaires give away a lot but uh you know i gotta think anybody here if you

00:08were making money and you became i don't know you made a hundred thousand do you start when

00:12somebody offered you a million do you go too much money for me and my business when you get to a

00:16billion do they say why don't we stop here this is the silliest thing i've ever heard so for all

00:22those that give and billionaires give a lot many people give twenty dollars a hundred dollars when

00:27they can with the people that unfortunately do not have a home do you feel bad do they go how dare

00:34you have a home and you give money this is the silliest thing i've ever heard harv what do you

00:39think about it we have a lot of gen z people in our office and we actually sat down and talked to them

00:44about this and almost to a person um they're down with this they are thrilled with what's going on

00:52in new york and they think that there's got to be a redistribution of wealth um and they think a

00:57billion dollars is too much money for anybody to have and the way they look at it is just wealth

01:04disparity so what do you why don't we do this why don't you tell all those young men and women go work

01:10for the government oh i'm sorry there's a government shutdown they'd be getting zero today if they work

01:16for the government so billionaires uh let me give you the stats uh till 2024 the 25 top billionaires

01:25in this country for in philanthropy they've given away 241 billion dollars in their lifetime

01:34warren buffett gave away 6 billion this year alone that's more than most countries spending on their

01:40medical so i'm not understanding where this concept is coming from some of the people who are arguing

01:47against billionaires are saying that a very few have almost well the lion's share of the wealth

01:56in this country and that amounts to a a monopoly a financial monopoly and that they should be broken

02:03up just the way at&t should the government gave away what was it three trillion during covid right what

02:09happened then to that i saw a whole lot of people out online in front of louis vuitton but i didn't

02:14see anything go anywhere else i didn't see it increase anything else if the few that have it give it

02:20away often then what's the problem does anybody here like even if you started a business if you started

02:26your version of walmart as a small store and you grow to become a large walmart do you say i'm sorry

02:32i'm gonna stop providing the same service that i started off as a small family store i think it's the

02:37people who don't have money who are doing all that but just because you say it louder doesn't mean it's

02:41right no but you know majority rules sometimes right not in this case because a lot of people

02:47are doing this and the billionaires you know what they're doing they're trading they're employing

02:51people they're giving back they're creating economies they're helping they're making decisions

02:57they're they're funding hospitals and various other things that people need and they're not falling

03:02into the trap of let's all have a debate about it because that's exactly where our government

03:07workers are right now they don't have any money they're not feeding their families because a lot

03:12of people want to talk about it and all those people keeping it real all the people keeping it real guess

03:16what they're gonna shut up as soon as they become a billionaire uh and you know tell billy eilish just give

03:21away all her music then why even become successful just give away the music to everybody we can do that too

03:27you

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