Posted on 09/30/2025 10:36:33 AM PDT by E. Pluribus Unum
You don’t fight poverty by punishing wealth.
Zohran Mamdani, the person who defeated Cuomo in the primaries and is now seen as a mayoral contender for New York—the beating heart of capitalism—recently declared in an interview: “I don’t think we should have billionaires.”
Mamdani is not alone in this view. The visible edge of economic populism—the slogans, the soundbites—often conceals an intellectual iceberg beneath: ideas inherited from defunct economists, or sometimes living ones. One such idea with deep roots is limitarianism: the belief that there should be a cap on personal wealth.
Thomas Piketty defines it as “the idea that we should set a maximum on how much resources one individual can appropriate.” Its most articulate modern advocate is Ingrid Robeyns, whose recent book, Limitarianism: The Case Against Extreme Wealth, calls for a global wealth cap, which she suggests could be set around $10 million per person.
But limitarianism rests on an old intellectual error. An error common not only on the Left but even among some classical liberals too: the mistaken division between “production” and “distribution.” The assumption is that production happens through economic forces and that distribution is purely political, so policymakers can reshape who gets what without damaging how much is created.
This assumption leads to the view of the economy as a fixed pie. If one person has a large slice, others must go hungry. As Percy Shelley put it in Queen Mab (1813), “The rich have become rich by the toil of the poor… they increase in wealth by the misery of the workers.” While that may describe life under socialism, it misunderstands how wealth is generated in a capitalist system.
In capitalism, you can grow rich by making the pie bigger: creating products, companies, jobs and innovations that benefit not only yourself, but millions of others. This insight was...
(Excerpt) Read more at fee.org ...
Oh, he understands. He knows exactly what he’s doing.
Mamdani just got married at the family's "palace" in Uganda that was protected by armed guards during the lavish three-day celebration.
-PJ
You don’t have to understand wealth when Mommy and Daddy are filthy rich (and will get richer when Junior becomes mayor of NYC). That’s the boy’s problem. He’s a silverspooner like Sandy Cortez, Alfalfa Harris and Jazzy My Little Pony Crockette.
We should also limit that no football team can score more points than that colleges, or city’s baseball team.
We should limit that no marathon runner should run faster than the disabled.
It is not fair that there are inequities in society.
He’s just another Marxist and fail to understand one thing
You don’t fight poverty by punishing wealth
It’s been proved many times he’s just another BS grinder pimping I’m here to save the day to all the suckers to stupid to get it.
If this idea were applied in the USA, Elon Musk would never have been able to create Tesla, SpaceX and Starlink.
Or our Constitutional Republic or America and Americans.
“He’s just another Marxist and fail to understand one thing
You don’t fight poverty by punishing wealth”
He understands that perfectly well. What makes you think he wants to fight poverty?
Yes the purpose pf the revolution is power, the purpose of power is power!
“If this idea were applied in the USA, Elon Musk would never have been able to create Tesla, SpaceX and Starlink.”
Of course. Mamdani knows this as well.
Excellent point.
Nearly all the 1960s SDS types in leadership were from upper class or from upper middle class families.
One fraud was Jerry Rubin who told followers to ruin their career futures by getting arrested and living in parks at night to overthrow the system.
He already had one family inheritance of an ongoing trust fund payoff to him of monthly checks totaling $50,000 a year.
Lots of tie-dyed T shirts and jeans with that money.
Followup. He shaved and has his hair cut and styled and became an investment advisor, wearing three piece suits later on. One day he was trying to cross a Manhattan street and was hit by a car and killed.
Unless you are Dear Leader for life, then it's OK!
“He understands that perfectly well. What makes you think he wants to fight poverty?”
Exactly! His only job is to destroy whatever he can.
Mamdani strikes me as another Obama. He didn’t get where is now without the help of some people/organizations in the shadows behind him.
Indian Muslims were the designed 5th column agents of the British empire. They were sent to create a completely controlled buffer, and a target, between the locals and the British. That’s how his ancestors got to Uganda
Adi Amin kicked his family out of Uganda. His parents drifted among London and Commonwealth Countries (of course), before suddenly landing in elite, left-wing circles in the USA - at Columbia and in Hollywood
Mamdani himself didn’t become a US citizen until a mere 7-8 years ago.
He has all the hallmarks of a rump UK empire / Davos 5th columnist, being implanted in America’s largest city.
His only sell is himself everything is on the table for it.
If he had any brains he would hide his Marxism until after being elected.
Hint ever notice how the democrats do it.
Their financial advisors have watched what they have done to Trump and figured out there is no safe haven in New York.
What was left are the Inherited Wealthy and the New Wealthy, whose advisors are telling them to get out of New York now. As the handwriting is on the wall.
Most of the New Wealthy will listen to their advisors while most of the Inherited will keep their heads in the sand; these M will try to plunder when the revenue planed was already much less than anticipated.
A few of the Inherited, pulling their heads out of the sand, will attempt to bolt when M takes power.
But the poor who can't afford to move will suffer the most as the few jobs left are taken by Illegals.
It is so predictable.
Billionaires, like Bill Gates and Jeff Bezos give a lot of money to charitable foundations. Listen to what a friend of mine has to say:
Thanks to a charitable foundation my chemotherapy is paid for. Without that, two times a day, I could not survive. If you eliminate billionaires I’m dead. Then I would have to hope for the government to decide if I live or die, and seeing that I’m an old White male, it’s obvious which way that decision will go.
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