Mamdani, the presumptive Democratic nominee to be the next mayor of New York City and a self-identified democratic socialist, on Sunday said billionaires contribute to inequality.
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.
not surprised considering his other views but glad to see his courage in sticking to his principles against a very biased media landscape. even his rap was fun af. this guy never misses.
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.
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
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.
Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
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
The whole billionaire thing is completely arbitrary. It used to be that being a millionaire was a big deal. With inflation, in a couple more years we'll have trillionaires, if Mohammed bin Salman hasn't become the first one already.
If you make more than most people, regardless of how much that is, you should be heavily taxed.
What is the other sides' argument for why we SHOULD have billionaires?
Genuinely asking if they have anything tough to contend with or is it just another critical avoidance of theirs?
Well now they're definitely got to pull all the stuff out to try and prevent him from winning. I mean they already were but now they're going to try even harder I guess?
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.
By any measure, the exidtence of that great of a disparity in wealth in a society is evidence of the failure of the systems on which that society is built.
It's akin to if you were responsible for caring for a field of crops, and you ended up with a field in which two or three plants were enormous, bloated and overgrown. a few were more or less healthy, snd the rest were weak and shriveled and starving.
I am looking forward to rewatching the action mockumentary film about your future president, "Zohran the Destroyer", 30 years from now. The part with him using a morningstar to tear down Mar-a-Lago is great!
There should be a tax that ramps up more and more the closer you are to be worth 1 billion dollars. If you are worth 999.999 million 100% of your income is taxed so you never reach 1 billion. And guess what? Your quality of life will not be affected in any way whatsoever.
Because they wouldn't miss a 90% tax on their highest bracket, and they aren't going away, so why not turn them into the resource they should have stayed.
I mean there's lots of other problems that have gotten far worse in the past decades to make the wealth inequality ridiculous, but a good starting point is MAGA. Bring back the high taxes on those who can afford it, to fund helping those in need.