My first reaction is, so what? My next reaction is, what is his point? But more important what does he want to do?
Let’s do some math. Assume each of those 62 people has $50 billion (which is an overstated amount). That means their total worth is $3,100,000,000,000 (trillion). Now divide that money by the 3.6 billion people and each individual receives $861.11.
Now what? What has changed, what have we accomplished? Nothing has changed in any of those individual’s lives.
I suppose we could also have governments confiscate those funds and redistribute them in some manner. Oh wait, that’s what government has been doing for centuries and where has that gotten us?
Naive Bernie also ignores the consequences of taxing all that wealth (or preventing it from being accumulated). Like less innovation, slower economic growth, fewer jobs, slowed human advancement; little things like that.
And remember, that wealth is not cash sitting in a drawer, it’s in all forms of investments; stock, real estate, art and more. Also think about the charities and other worthy causes that wealth currently supports. What havoc would result from confiscating that wealth?
Bernie’s Tweets may rile up some people, but there is little substance beyond the shock effect.