Rep. Beto O'Rourke (D-Texas) said Monday that he will not share any of the record $38 million his campaign raised in the third quarter of the year with other Democratic candidates.

"No, we're going to spare no expense," he said. 

"Folks contributed to this race because they want us to win this race. If they want to contribute to another campaign, of course they're welcome to do that."

Recent polling has shown O'Rourke trailing Sen. Ted Cruz (R-Texas) by as many as nine percentage points ahead of next month's election, while Democrats in states like Missouri, Florida, and Indiana are in tighter races.

On "America's Newsroom" Tuesday, economics professor Brian Brenberg wondered what happened to the Democratic principle of redistribution of wealth championed by O'Rourke and so many other progressives.

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"I just love how people who from a policy perspective believe in redistribution don't want to share any of their money when somebody else needs it," Brenberg joked. "He's hoovering all the money. 'No, you can't have it. I don't believe in that when it comes to my own politics, only when it comes to your money.'"

Matt Bennett, senior vice president and co-founder of Third Way, said O'Rourke is correct that he should use campaign contributions on his own campaign.

"People know how to give to Claire McCaskill. If they want to give to Claire McCaskill, they should," Bennett said. "He needs to spend it on his race. The race is not as close as we hoped it would be, but it's not out of reach. And that's a lot of money."

He said Republicans didn't think they could win some of the states won by President Trump in 2016, like Pennsylvania. 

Republican strategist Josh Holmes said Democrats will understandably be frustrated with O'Rourke if he loses by a wide margin and essentially "set fire" to millions of dollars.

"I think this is not going to work out great for Beto," Holmes said.

Watch the "America's Newsroom" panel discussion above.

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