Zohran Mamdani's ‘no billionaires' dream fits HIS goal — to make us all live in equal… misery

New York Post

19 hours ago

Zohran Mamdani isn't a socialist in name only; he'd truly love to turn New York into a socialist 'utopia' — first, by doing away with billionaires.
As he put it Sunday: 'I don't think that we should have billionaires.'
Let's be clear here: Most billionaires earned their wealth by providing goods and services that enough other people wanted so much that they freely paid that much for them.
The world is enormously better off with PCs and iPhones, thanks to billionaire Steve Jobs and Apple.
Yes, the odd Alexander Soros may just be spending inherited wealth, but Jeff Bezos, Elon Musk et al have enriched humanity far more than themselves.
Mamdani may be confused by guilt over his own inherited privilege, or perhaps he figures he makes up for it by crusading for 'equality.'
In that vision, the success of the wealthy (or perhaps their existence?) comes at the expense of everyone else.
Problem is, every society that's operated on that assumption has found itself growing . . . poor, as witness Venezuela today or Cuba for the last six decades.
In those countries, only the ruling 'socialists' live in luxury.
Heck, even Israel (Mamdani's archenemy) found out the hard way that socialism doesn't work.
Make villains out of those who got rich working in medicine, finance, manufacturing or whatever, and everyone loses out.
Plus, please note: The top 1% here in NYC pony up fully half the city's income-tax revenue; without that, Mamdani couldn't begin to fund his lavish spending plans.
The equality that this nation is founded upon is equality before the law: 'equal opportunity, not equal outcomes.
It's beyond juvenile: As ex-Soviet chess grandmaster Garry Kasparov tweeted, 'Capitalism's unequal distribution of prosperity is far better than socialism's equal distribution of misery.'
Nations that transition from communism or socialism to free markets and the rule of law make huge economic gains.
Should Mamdani get to chase his redistributionist dreams, 'billionaires' and even millionaires will voluntarily flee Gotham, before he can pilfer their money. They'll take their tax revenue — and jobs — with them.
'New York is not going to be the capital of capitalism anymore,' predicts Boca Raton, Fla., Mayor Scott Singer, who says he's had talks with numerous business moguls about relocating to his city if Mamdani wins.
You can bet other mayors and governors across the country are talking to Big Apple business leaders too.
Mamdani may manage to impose a veneer of 'equality' — but everyone will live in misery.