In a recent appearance on “TMZ Live,” Daymond John weighed in on growing calls to eliminate billionaires, arguing instead that the ultra-wealthy play a vital role in job creation and economic growth.
During the interview, Daymond John asserted that billionaires contribute substantially to society through philanthropy, investments, and by generating employment. He challenged critics asking, “What’s the big deal?” — insisting that the wealthy are often unfairly blamed while their economic contributions go unrecognized.
When confronted with perspectives from younger audiences pushing for wealth redistribution, Daymond John responded bluntly — suggesting detractors consider joining public service, arguing that those same government employees sometimes face pay freezes during shutdowns.
He emphasized that no rational entrepreneur would reject scaling a business with potential for millions in returns, and suggested many outspoken critics would “go radio silent” if they ever reached billionaire status themselves.
Through his statements, Daymond John reinforced his long-held belief in capitalism’s power to reward innovation and drive progress — suggesting that vilifying wealth overlooks the complex ecosystem of risk, investment, and job-creation behind success.
