He’s absolutely right. Billionaires should not exist.
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Wealth concentration is bad for everyone but the wealthy. https://inequality.org/facts/
Bill Ackman, a billionaire hedge fund manager who has backed President Donald Trump in the past, on Thursday pledged to use his money to bankroll a challenger to Mamdani in the general election.
Case in point.
And how did he get those billions? How many peoples necks did he have to step on to climb his way up. It's not so much what you do with your billions, it's how you got them that makes you evil. The only exception to this is probably Bezos ex wife, maybe.
"Employees are the rungs on the ladder of success. Don't hesitate to step on them." -Rule of acquisition #211
She was working for a hedge fund when she met him and they were married for 26 years. She may have given away $19 billion of her fortune, but her net worth is still $36 billion, the same as the original divorce settlement.
This might induce me to donate to Mamdani’s campaign. I live in fucking Illinois btw.
They should have one of these next to each city-owned grocery store.
"Here at Zohran Grocers, we're chopping prices down to size! Don't lose your heads over these great deals!"
Wholly agreed. There are no ethical billionaires. Fight me.
Nope! What you said is perfectly acceptable in polite society and in fact I agree. We should hang out sometime maybe.
Imagine life was a game. You lived for 2025 years. You worked 260 days / year. You made the median US salary.
You would need to relive that process 3,145 times to match an Oligarch.
That amount of wealth is unethical while humanity suffers. No one can really fathom “1b dollars.”
Oooooh! He said the thing!
Centrists already hated him, and now he said their gods shouldn't exist.
"Centrist" is just a masquerade for Republicrats to pretend to still be on the left.
This needs to become the mainstream opinion. Billionaires and ultra wealthy shouldn't exist. There is no trickling down or any of that stolen wealth coming back into the hands of average people.
Greed needs to be treated as an addiction just like alcoholism or gambling.
Mamdani added in his response: “I have already had to start to get used to, get used to the fact that the president will talk about how I look, how I sound, where I’m from, who I am, ultimately, because he wants to distract from what I’m fighting for, and I’m fighting for the very working people that he ran a campaign to empower, that he has since then betrayed.”
Goddamn, this reads like a response that came from a real socialist playbook. Don't take the bait on the culture war bullshit, say it's distraction from helping workers. Wow.
Here in the UK 78% of people support a 2% wealth tax on net assets worth more than £10 million yet our spineless neoliberal government is more focused on cutting disability benefits and bombing starving children.
Before the oligarchs say this is "violence".
This can be done peacefully. Just enact a law that taxes everything above like 999 million (or a fewer amount, to be debated on), and if you don't comply, that's tax evasion and you go to jail. Complelete peaceful (other than the tax-person we'd have to send to arrest the rich for non-complance), comply and everyone is happy.
Voila, no more billionaires, and that wealth redistributed will let everyone become a millionaire. Everyone is happy, maybe the 1% cries that they now have a few less yachts and mansions, but like, they can still enjoy that one house, same as everyone else would also have.
You know what? I don't want it peaceful. They've stomped on people there entire lives, forced others to rely on social programs, dig through trash, and work to the bone.
I want a comeuppance, I want blood, and I want it to be that of every fucking billionaires' head rolling off the guillotine
Even the billionaires would be better off without billinaires. It their relative ranking was the same they would still have more money than they could spend but it would now come with clean air, water, land, better infrastructure, a healthier world, happier people to interact with.
Yes! Let’s stop this modern day slavery.
I'm not against people having money, but to have a thousand times more than most people can make in their entire lifetime is just taking it too far. There should be a cap after which you pay 90% tax or something
Check the progressive taxation we had in the US after WW2 when, barring the racism/sexism/otherisms, the US actually thrived and single income families could manage being middle class, and owning a nice home. Reagan fucked us, but if it hadn't been him it would have been another terrible regressive.
All these conservative lapdogs continue to fuck us all with their single issue voting and sticking it to the libs.
I'm pretty judgy right now so imo anybody voting for GOP candidates in the US is either gullible, brainwashed, semi/fully mentally deficient, or is so racist or scared of other people's peepees that they will vote against their own best interests.
Problem is billionaires don't make "income" and it's quite difficult to even know what they own, let alone how to tax something like unrealized gains on stock holdings that they are using as leverage to get loans
Lmao that's because we shouldn't have billionaires
The wealth of the rich is still growing and it will continue to grow automatically until the middle class ceases to exist. If we do not take the assets back, it will become impossible for normal working people to ever buy a house, or have any economic power over their own lives at all - nevermind the political control or the media manipulation.
Extreme wealth concentration is THE biggest issue facing society. Mamdani is absolutely right.
Once you go beyond $100,000,000, there is no measurable difference in lifestyle. However, power accumulates. That amount of power shouldn't be in the hands of so few.
He is right.
Imagine a "billionaire" in the wild: An animal sitting on a vast horde of food that it could never eat while others starved around it ... yea, it would not last long.
Imagine a "billionaire" in a living body. A corporate money making entity would basically be a cancer that had to be removed to save the life of the patient.
Based as fuck. The fact that the establishment players disagree is extremely telling.
He's going to be assassinated, isn't he?
Nah, the mainstream media will just stop reporting on him, the social media algorithms will be tweaked to hide him, and when it comes to the election, people will go "Ugh, who is that Muslim sounding guy? I'm voting for Barron Trump."
No wealth above a certain amount should be inherited. There is no moral justification for absurd amounts of intergenerational wealth.
One of my favorite hypotheticals is that once someone gets to a billion money they get a trophy that says "I won capitalism" and anything over the limit goes to folk who need it.
Knowing greed, people would certainly find ways around it, but a gal can dream
This guy sounds pretty based!
One cannot reign innocently: the insanity of doing so is evident. Every king is a rebel and a usurper.
-Louis Antoine de Saint-Just, 1792
Or, put in modern terms: There is no such thing as an innocent billionaire.
Alright, now I HAVE to donate to his campaign.
Here's the link for those who need to do the same after hearing this: https://www.zohranfornyc.com/
It takes a lot of mental gymnastics to believe that's a controversial opinion. Most people will never meet a billionaire in their lifetime, let alone become one.
They could just stop impeding progress and let the working class have things like healthcare and a living wage. Guess that's too much to ask and they would prefer guillotines?