what is the meaning of this song?

Question

I am a huge Elton John fan and have many theories of what this song may mean...any ideas?

~Levon~

; Music by elton john & Bernie Taupin


Levon wears his war wound like a crown
He calls his child jesus
`cause he likes the name
And he sends him to the finest school in town

Levon, levon likes his money
He makes a lot they say
Spend his days counting
In a garage by the motorway

He was born a pauper to a pawn on a christmas day
When the new york times said God is dead
And the wars begun
Alvin tostig has a son today

And he shall be levon
And he shall be a good man
And he shall be levon
In tradition with the family plan
And he shall be levon
And he shall be a good man
He shall be levon

Levon sells cartoon balloons in town
His family business thrives
Jesus blows up balloons all day
Sits on the porch swing watching them fly

And jesus, he wants to go to venus
Leaving levon far behind
Take a balloon and go sailing
While levon, levon slowly dies

Answer 1

Think of Levon as the type who started out poor and worked his way up to be rich. He had such a high opinion of himself that he named his child Jesus, implying that his self importance rivaled that of God's. While Levon was obsessed with always making more money, Jesus doesn't want to inherit his father's life, but wants to set out on his own. But I could be all wrong.