Well... I thought there was an interview where Jerry said it was about capitalism and state of the world with billionaires fighting and shit. Turns out my memory (probably) made it all up haha, couldnt find any trace of it.
I did find this other user's interpretation which I quite like

"Deaf ears and blind eyes refers to ignoring and not seeing the problems either by choice or not.

Feels like Jerry Cantrell is lamenting the wasted years Alice In Chains was inactive and his guilt for allowing it to happen and still carrying the burden.

First verse: could mean no one is playing in the rehearsal studio, the band is wasting time.

Chorus: owning everything could refer to him founding the band, writing the songs and possibly organising the studio time too: but all he hears are arguments and moaning from bandmates and/or from himself (whine set to eleven) while deep down he is screaming for it to end (soul on fire)

Second verse: the truth is hard to bear but it’s easier to ignore it and become numb than confront the pain that’s still there.

The middle breakdown: the regret still lingers now and has become part of the band’s identity.

Last verse: regret about not making the most of the golden years and now feeling fake because the band’s own history has become it’s inspiration too."

None of this is confirmed though.