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

asking what the marginal benefit to the individual assumes the thing that generates the benefit would exist if the ‘benefit’ were not there. imo if you implements caps on wealth creation, the very wealth you are trying to cap will dissapear.

also: taxing a few billis seems like the wrong thing to focus when the gov just passed trillion dollar budgets this weekend (and printed out of thin air, not by selling to willing buyers).

Yeah to me it's one part of a more responsible, balanced taxing + budget culture. The issue is the same people who think the government is wasting money are passing the unbalanced budgets and giving tax cuts while complaining about government waste.