Funny how "The Economy" is always doing great when billionaires are making money, but as soon as workers ask for a living wage, suddenly "The Economy" is in a fragile state and we must all practice "restraint."
Billionaires don’t create jobs. Stop repeating that myth. Without billionaires, people would still build, design, teach, produce, sell, and buy things. Billionaires don’t create human productivity, they capitalize on it and concentrate the profits.
Weird how the median person living in social democracies have double the wealth and access to things like universal healthcare, year long maternity leave, mandatory pto, full worker protections, and guaranteed sick leave. We just spend our taxes on bombs and billionaires.
When RENT goes up and SALARIES stay stagnant, that's simply a transfer of wealth from people who work for a living to people who own things for a living.
The establishment vets their candidates to make sure they are obedient to the ruling class' mass murdering and globally destructive interests.
That's nothing to brag about 🙄
The Blackstone Group is the largest private owner of rent-stabilized apartments in New York City, not small mom and pop landlords.
Valued at $137 billion (not including the $1.3 trillion in assets they control), Blackstone is headed by Stephen A. Schwarzman, whose total yearly compensation exceeds $1 billion.
The idea of the "mom and pop" landlord being priced out of business because of a rent freeze is a myth. Small independent landlords (owning 10 or fewer units) make up only 1.2% of the ownership of rent-stabilized units. Meanwhile large corporations own 87% of those units, with mega corporations like Blackstone Group (owning 1000 or more units) controlling 56% of the market.
Mega corporations like Blackstone are pushing the myth of the small independent landlord to hide the fact that they and other mega corporations control the vast majority of NYC rentals.
And honestly, fuck them.
Inflation is treated like a joke at the top while ordinary people deal with rising rent, medical bills, and basic costs of living. When economic “growth” comes with worsening living conditions for most people, it exposes a corrupted system that prioritizes profits over people.
California is a great example of what happens when you push toothless, liberal centrism to its extremes. Working people suffer, living conditions degrade, and far right extremism thrives.
BREAKING: @SenRubenGallego just introduced the ROBINHOOD Act.
Billionaires avoid ever paying capital gains tax by borrowing against their assets instead of selling them.
The ROBINHOOD Act would make them pay taxes on the loans they take out.
No more loophole. No more cheating.
This sounds nice, but it's a great way to undermine the welfare state.
The strongest welfare states in the world (the Nordics) tax everyone, including nurses. And they give everyone universal healthcare, childcare, pensions, education in return.
When the middle class has skin in the game, they defend the system. When welfare is 'just for the poor', it becomes a poor program: stigmatized, underfunded, easy to gut.
That's why billionaires keep pushing this idea. The real scandal isn't that this nurse pays $12k.
It's that Jeff Bezos pays $0.