Tipsheet
Premium

Jeff Bezos' Ex Wife Just Proved Wealth Confiscation Doesn't Work

Amy Curtis
Amy Curtis  |  June 28, 2026 11:30 AM

For the past couple of weeks, the Left has waged war against Elon Musk, the world's first trillionaire. The usual suspects, including Gavin Newsom, tripped over one another to get in front of cameras to demand the confiscation of the wealth Musk created thanks to his hard work, creative vision, and willingness to take risks.

If he just paid five percent of his wealth, we could pay for XYZ social program.

Of course, I'm old enough to remember when the Left told Musk that $6 billion of his money would solve world hunger. Elon Musk called their bluff and asked to see the numbers and how the money is spent. Guess what never happened?

Now, Jeff Bezos' ex-wife has put the final nail in the coffin of the wealth-grabbers' argument. MacKenzie Scott has given more than $26 billion to charity thus far, with the goal of 'helping others' and 'making the world a better place.'

If $6 billion of Elon's wealth would have solved world hunger a few years ago, surely four times that amount should have solved hunger, housing, poverty, and every other social issue that's been plaguing the world.

I notice it hasn't. There are still homeless meth heads on L.A.'s Skid Row. There are still food banks and soup kitchens. There's still poverty.

Despite that, Gavin Newsom called for a national wealth tax this week. "The system is fundamentally broken," Newsom said. "The federal tax code, the corporate tax code, and the inheritance tax code seem to be written for a different set of Americans. It's time for an economic reset, a true minimum tax, a true minimum tax on billionaires that, well, ensures the people at the very top pay at least the tax rate their own workers pay."

All of that would go to fund the massive, fraudulent social programs we've learned about in Minnesota and Newsom's home state of California. And not a single life will be improved by it, not a single problem solved.

Scott just spent $26 billion (of her ex-husband's money, by the way), and for what? Has homelessness ended? Is world hunger a thing of the past?

Nope.

So I have to ask: where has all that money gone?

Has it gone to line the pockets of non-profit directors and staff? Has it gone to woke charities that don't actually address issues but instead create new ones, like bringing LGBTQ+ programming to the Middle East?

The blunt truth is that charities and nonprofits, much like politicians, have a vested interest in not actually solving the issues they claim to care about. Why? Because if you solve homelessness, you no longer need nonprofits focused on homelessness. The donations and grants dry up, and a bunch of college theater majors suddenly find themselves unemployed with no useful skill set.

The grift is real and greedy. But it makes Leftists feel good, and I suppose that's what really matters, after all.

The Left’s latest crusade against Elon Musk and the wealthy in general has never been about solving poverty, homelessness, or hunger. It’s about power: seizing wealth from those who create it and handing it to institutions that have repeatedly proven they cannot, will not, deliver results (but who can keep politician's pockets lined).

MacKenzie Scott’s $26 billion voluntary giveaway, four times the amount that was once claimed would 'end world hunger,' was the final test of that theory. The problems remain. Skid Row is still filled with the addicted and abandoned. Food banks are still overwhelmed. Poverty persists. This isn’t a failure of generosity or our tax system; the hallmark of a system that incentivizes not solving these issues. Nonprofits, government agencies, and the political class profit from the existence of problems, not their resolution. Once the issue is solved, the grants stop, the cushy jobs vanish, and the moral preening ends. That’s why pouring billions into the same broken system produces the same broken outcomes—while the people running it grow richer and more self-righteous.

True progress has always come from the builders, innovators, and risk-takers like Musk who create wealth, jobs, and technologies that lift living standards. Remember, the when SpaceX went public, some 4,400 employees became millionaires themselves overnight. The Left hated that, even though it lifted people into a new socioeconomic class. Confiscating the marker of their success — the wealth — to feed an insatiable, unaccountable bureaucracy won’t heal society; it will only empower the grift. If the goal is really a better world, the answer isn’t more taxes on billionaires or performative donations. It’s demanding results, rewarding creation, and ending the incentives that keep failure profitable. 

Anything less is just theater with other people’s money.