Bernie Sanders and Alexandria Ocasio-Cortez held a massive rally in Denver on March 21, 2025, drawing over 30,000 enthusiastic supporters. This event marked one of Sanders’ largest crowds to date. The rally was part of their campaign against what they call "oligarchy." They argue that America is suffering from the excesses of billionaires, and they propose steep taxes, including an 8 percent wealth tax and a 70 percent marginal tax rate, as solutions to this issue.
The pair’s message resonates with many of their supporters, who feel strongly about wealth inequality. However, critics suggest that their focus on certain wealthy individuals, particularly those who lean conservative, overlooks the contributions of billionaires who support liberal causes. For example, Warren Buffett and George Soros, both wealthy figures, are often exempt from their criticisms.
The term "oligarchy" has evolved over time. Originally, it referred to a small group of wealthy individuals wielding power, but now it often describes corrupt business leaders in authoritarian regimes, like Russia and China. In these countries, wealth is frequently associated with bribery and corruption. In contrast, many billionaires in the U.S. are seen as innovators who create jobs and drive the economy forward.
Critics of Sanders and Ocasio-Cortez argue that their approach is selective. They claim that if the two truly opposed concentrated wealth, they would also challenge left-leaning billionaires who support Democratic causes. Instead, they focus on figures like Elon Musk and Jeff Bezos while ignoring the financial power held by nonprofit organizations and wealthy liberal donors.
The rally’s atmosphere was charged with excitement, but some worry that the rhetoric of punishing the wealthy could have negative consequences. Taxing the rich too heavily could drive job creators out of the country, as seen in France when high taxes led many wealthy individuals to relocate. This could harm the middle class, which relies on the jobs created by these companies.
Sanders and Ocasio-Cortez present their campaign as a fight for working people. However, their critics argue that their tactics may ultimately hurt the very individuals they claim to support. The concern is that a culture of resentment toward wealth could stifle innovation and job creation in the U.S.
As the rally concluded, some attendees expressed hope for a future where wealth is more evenly distributed. However, the debate over the best path forward continues, with many wondering if the current approach will lead to the desired changes or if it might backfire.