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.
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.
Good, I agree.
He has painted a target on his own back though and he should be careful, lest he gets JFK’d or RFK’d.
We shouldn’t. And he thinks that too. Cool.
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.
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.
Hoarding = mental illness = billionaires
Lmao that’s because we shouldn’t have billionaires
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.
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.
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.
god he’s so hot
It’s inspiring to see Americans are still fighting the good fight.
He’s absolutely right. Billionaires should not exist.
Wealth concentration is bad for everyone but the wealthy. https://inequality.org/facts/
IDK even they don’t seem happy. Elon seems fucking miserable. I mean, I don’t feel bad for them, but knowing that literally everyone thinks the world would be a better place without you can’t feel great.
And one of the reasons why there’s so much more wealth inequality now is what conservatives have done to the tax code. Take a loot at this chart on the highest tax bracket over time.
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?
