I like the subtle re-framing Zohran does here. The liberal thing of "Billionares shouldn't exist" is silly and makes post people that say it look dumb. It's an easy tagline but 1 billion is also a bad metric.

BUT you do have to ask - what's the marginal benefit of Zuck/Bezos/Gates having their 100th or 200th billion dollars? Surely society would be better of if 80% of that billion went to something else? Obviously not easily done (or done at all?) since most of it is just in a company that they started, but idk

ZOHRAN MAMDANI: “I don't think that we should have billionaires.” https://t.co/optpzkp28w

Open Source Intel

I like the subtle re-framing Zohran does here. The liberal thing of "Billionares shouldn't exist" is silly and makes post people that say it look dumb. It's an easy tagline but 1 billion is also a bad metric.

BUT you do have to ask - what's the marginal benefit of Zuck/Bezos/Gates having their 100th or 200th billion dollars? Surely society would be better of if 80% of that billion went to something else? Obviously not easily done (or done at all?) since most of it is just in a company that they started, but idk

https://x.com/Osint613/status/1939351985079394555

It's fundamentally hard to tax wealth growth when it's all in a founder's company. When do they actually get taxed? I assume they borrow against their stock, but how does that get taxed?

it doesn't, this is why/how "billionaires don't pay taxes"