You should be ashamed of yourselves -- you're socialists or supposed to be," he said referring to Blair and his Labor government. Elton says this like being a socialist is a good thing!
Of course, Elton John the millionaire, does not practice personal socialism, or else he wouldn't be a millionaire.
Elton sorta practices socialism on a personal level. Though he has made many millions, he has spent more. On the brink of bankruptcy he went to the Queen to bail him out.