What Zohran Mamdani doesn’t understand about wealth

Source: Foundation for Economic Education
by Mani Basharzad

“Zohran Mamdani, the person who defeated Cuomo in the primaries and is now seen as a mayoral contender for New York — the beating heart of capitalism — recently declared in an interview: ‘I don’t think we should have billionaires.’ Mamdani is not alone in this view. The visible edge of economic populism—the slogans, the soundbites—often conceals an intellectual iceberg beneath: ideas inherited from defunct economists, or sometimes living ones. One such idea with deep roots is limitarianism: the belief that there should be a cap on personal wealth.” (09/30/25)

https://fee.org/articles/what-zohran-mamdani-doesnt-understand-about-wealth/