There is 50+ years of evidence that we will not become multi-planetary without private funding. The only reason NASA was funded enough to get to the moon in the first place was because of the cold war. Very unlikely it would have happened otherwise.
It's ridiculous you could even bring up the cold war without acknowledging the major scientific and engineering breakthroughs done by communist societies.
I'd say there's significant argument that it is indeed impossible. Democratic governments as a rule do optimize for cost where currency is created by fiat. Private capital generally does in order to stay in business and not go bankrupt. There's tons of recent evidence showing that existing space business is incredibly inefficient in cost.
Alternatively, you could allow billionaires to donate some of their billions, untaxed, into non-profits which they control and which have humanity-benefiting goals like space colonisation or clean energy or medical programs.
There could be problems, however, with these non-profits hoarding vast amounts of resources long after the billionaire dies, at which point a wealth tax on the non-profit's unused assets might make sense.
he doesn't pay income tax cuz he usually have income, no salary. he just has stock, and he lives off debt against the stock. he will be forced to sell stock to pay a wealth tax. he will have less control over his companies.
Presidents come to office, scrap the previous adminstration's space goals, create their own new goals and then their's are scrapped by the next admin before they come to fruition. It takes more than 8 years (the max a president can serve) to really follow through on an ambitious vision for space.
Billionaires can stick with it longer.
George HW Bush wanted to go Mars then scrapped it when he got the price tag. In 04, George W Bush wanted to go to the moon by 2020. Obama scrapped the moon 2020 plan and planned to go to Mars by 2030. Trump is sending them back to the moon then Mars.
This argument really doesn't hold water.
For a start it implies that becoming a multi-planet species would be impossible without Musk or Bezos holding vast personal wealth. There is no reason to believe that.[1]
It also implies that Bezos couldn't possibly fund Blue Origin if he was worth (say) a paltry $100 billion, instead of his current $190 billion.
[1] You could, for example, use some of the money from a "billionaire tax" to fund NASA.