• saltesc@lemmy.world
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    7 days ago

    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.

  • splonglo@lemmy.world
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    6 days ago

    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.

  • Suavevillain@lemmy.world
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    6 days ago

    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.

    • x0x7@lemmy.world
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      6 days ago

      They will just live in other countries if being a billionaire is illegal.

      • EldenLord@lemmy.world
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        6 days ago

        Lol, no. This is a strawman argument. Billionaires will absolutely not give up their precious connections and real estate to live on a private island or move away. Even if 50% would do that (lmao never) the tax would still be a huge benefit. Even without the money, not having these greedsacks meddling with local politics and laws would be a dream.

      • buddascrayon@lemmy.world
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        6 days ago

        That’s fine, billionaires do not add to an economy, they drain it. So if they leave it will remove a useless burden on the economy and whatever country is dumb enough to take them in can deal with them instead. Meanwhile, if they are pulling money from our country we can find ways to tax it and prevent them from draining our resources (and yes, money is a resource like any other).

  • Et Al@lemmy.world
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    6 days ago

    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.

  • Fandangalo@lemmy.world
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    7 days ago

    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.”

    • Fedizen@lemmy.world
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      6 days ago

      Mossad, Maga fascists, NYPD, All the billionaires all gonna be chomping at the bit to kill this guy to set an example.

  • SocialMediaRefugee@lemmy.world
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    6 days ago

    I agree there is no reason why an individual should have that much economic power. There is no justification for that amount of wealth in so few hands.