Mamdani, the presumptive Democratic nominee to be the next mayor of New York and a self-identified democratic socialist, said Sunday billionaires contribute to inequality.
You can have a person be full-time managing the billionaire’s case, still a very strong net win.
And even if hypothetically the cost of tracking their wealth outpaced the income generated by the tax, it’s still a societal positive by reducing inequality, which is the root of most problems.
You can have a person be full-time managing the billionaire’s case, still a very strong net win.
And even if hypothetically the cost of tracking their wealth outpaced the income generated by the tax, it’s still a societal positive by reducing inequality, which is the root of most problems.