this post was submitted on 29 Jun 2025
2087 points (99.2% liked)

News

30798 readers
3373 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
(page 2) 50 comments
sorted by: hot top controversial new old
[–] [email protected] 16 points 1 week ago (2 children)
load more comments (2 replies)
[–] [email protected] 43 points 1 week ago

He is right.

Imagine a "billionaire" in the wild: An animal sitting on a vast horde of food that it could never eat while others starved around it ... yea, it would not last long.

Imagine a "billionaire" in a living body. A corporate money making entity would basically be a cancer that had to be removed to save the life of the patient.

[–] [email protected] 48 points 1 week ago (2 children)

Once you go beyond $100,000,000, there is no measurable difference in lifestyle. However, power accumulates. That amount of power shouldn't be in the hands of so few.

load more comments (2 replies)
[–] [email protected] 7 points 1 week ago

I like this guy.

[–] [email protected] 1 points 1 week ago
[–] [email protected] 11 points 1 week ago

I don't think we should have the situations and lack of regulation that leads to billionaires, especially as it will likely continue to drain/erode the quality-of-life for everyone else to eventually lead to trillionaires...

[–] [email protected] 34 points 1 week ago (2 children)

One cannot reign innocently: the insanity of doing so is evident. Every king is a rebel and a usurper.

-Louis Antoine de Saint-Just, 1792

Or, put in modern terms: There is no such thing as an innocent billionaire.

[–] [email protected] 16 points 1 week ago

You don't become a billionaire without exploitation.

load more comments (1 replies)
[–] [email protected] 0 points 1 week ago

I've said this for years, even before getting my brain dirty. Back then I used to say no millionaires should exist, but with the current price of everything, I could at least see an argument now.

But I'm still leaning towards no millionaires should be allowed to exist.

Even 6 digits is actually too many outside of just having a savings hoard if you have a bunch of people to split an inheritance into.

House prices should be 5 digits anyway.

[–] [email protected] 43 points 1 week ago (1 children)

The wealth of the rich is still growing and it will continue to grow automatically until the middle class ceases to exist. If we do not take the assets back, it will become impossible for normal working people to ever buy a house, or have any economic power over their own lives at all - nevermind the political control or the media manipulation.

Extreme wealth concentration is THE biggest issue facing society. Mamdani is absolutely right.

load more comments (1 replies)
[–] [email protected] 35 points 1 week ago (1 children)

Hoarding = mental illness = billionaires

[–] [email protected] 7 points 1 week ago (1 children)

well I have mental illness and some hoarding but I'm not a billionaire, so I don't think this equation works 😔✊

[–] [email protected] 3 points 1 week ago

Hoarders are drawn to hoard certain things that make sense to them - cats, newspapers, old cars, guitars (my personal issue), etc.

If whatever you are hoarding starts impacting those around you, you are encouraged to get professional help, but if you are a business person, and hoard money, then you are considered successful, and they put you in charge.

If Cats could become legal tender, weird old ladies would take over the world.

load more comments
view more: ‹ prev next ›