You just described what capitalism rewards people for doing, not socialism, isn't behaving like a socialist, he is behaving like a capitalist.
Just like the 0.1% of the worlds wealth right now, he is trying to defend and grow his power base by attacking the very foundation on which he generated his wealth. This is the correct analogy here, the richest 0.1% in the world right now are not socialist, never were, they are capitalist and always have been. You are letting his name confuse you.
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