Sen. Bernie Sanders of Vermont is a Socialist

Sen. Bernie Sanders of Vermont does not understand economics.
In a recent newsletter, he is bemoaning the fact that the rich are getting richer and the poor are getting poorer. He looks at this from a lifestyle perspective. Presumably, a billionaire has 1000 different chairs, while an average middle-class person has one chair. He neglects the fact that a billionaire has only one butt, which is the same as an average middle-class person, and he can sit in only one chair at a time. Or for another analogy, a billionaire presumably eats several thousand times more food than the average middle-class person. All of this is obviously ridiculous. Either, as I said earlier Bernie does not understand economics or he's appealing to the middle-class to outlaw billionaires; i.e. establish socialism.
The fact is that past a certain point of economic capability there is no lifestyle advantage in having a lot of money. I don't want a yacht. It's too much trouble. It might be nice to have somebody serve me iced tea, but I can get that in a restaurant. If I want to see water at the same time, I can find a waterfront restaurant or take a cruise. The cruise ship business is big. Lots of people go on cruises, and they are by no means all billionaires.
If one is a billionaire, he has responsibilities. He owns substantial portions of companies. He is obligated to run those companies in a constructive manner, so that they can meet the payroll to supply employees with the necessary funds for food, send their kids to college andhelp buy the family boat or RV. In spite of what Bernie Sanders may imply, being a billionaire is not all fun and games.
If it's not all fun and games, what is the advantage of being a billionaire? The answer is simple. It's power. Having lots of money allows a person to do big things, such as establish a national irrigation systems, improve flood control, or pour advertising money into swinging elections. Is there something wrong with swinging elections? Most people will say yes, but all will agree that billionaires are probably not stupid or they would not be billionaires. This would then lead to the question of whether standard elections should be left to the very limited and demonstrated knowledge or lack thereof of the average voter, or should election judgments be made on a more rational and knowledgeable basis.
Bernie Sanders can continue to tout socialism, which is obtainable by an average low information voter coming to the polls with the intention of how best he can fill his pockets with money. However, any such result of that voter action is nonsustainable. Socialism has been proven time and again to be a complete failure, with the unfortunate pain of having it fail over a period of time. It's in the same category as everybody is nice and there really are no bad people. That's a dream state of unreality. We have to look at the world as it is. Some billionaires may do wrong with the power, but most do not. I say hooray for billionaires as a class. We need more of them, with their ability to continue building this great country.