The phrase “tax the rich” can be “just as hateful as some disgusting racial slurs”, according to the New York City billionaire Steve Roth, who said that the top 1% should be “praised and thanked”.

Speaking on his company’s quarterly earnings call on Tuesday, Roth, the CEO of Vornado Realty Trust, expressed his support for fellow billionaire and the CEO of Citadel, Ken Griffin, who was singled out in the 15 April announcement by New York’s mayor, Zohran Mamdani, of the state’s first “pied-à-terre” tax on second homes valued at more than $5m. In a video, Mamdani announced the policy in front of Griffin’s penthouse, which he said was purchased for $238m.

“We are all shocked that our young mayor would pull this stunt in front of Ken’s home and single him out for ridicule,” Roth said. “This was both irresponsible and dangerous.”

Edit: Mamdani’s video that sparked this: https://www.youtube.com/watch?v=FLKZnVB4F9k

  • CileTheSane@lemmy.ca
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    20 minutes ago

    Man with more money than he could possibly use in his life is upset at the suggestion that some portion of the money he will never used could be used to help other people.

    Being a billionaire is a sign of mental illness and needs to start being treated as such.

  • Clutter@sh.itjust.works
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    1 hour ago

    Mamdani is choosing the lesser evil here my dear rich person… The other options is: we kill you.

  • skisnow@lemmy.ca
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    5 hours ago

    Just to highlight that as a real estate magnate, his entire empire is built on rent-seeking, i.e. accumulating wealth by the hoarding of a limited resource, without having created anything of value.

    This billionaire did not create a billion dollars of value for society, even indirectly; he only took it from others.

  • fodor@lemmy.zip
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    4 hours ago

    That’s pretty funny because the phrase doesn’t actually have a negative meaning. It’s a policy proposal at face value and at depth and that’s it. Doesn’t say the rich or bad people, although many of them are, doesn’t say that nobody should be rich, doesn’t even say how much they should be taxed.

    And certainly nobody should be thanking the top 1%. We all know that they got there by lying and cheating and stealing and inheriting wealth.

  • nonentity@sh.itjust.works
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    7 hours ago

    Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

    Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.