Let’s begin with a simple truth: hyperinflation is real. In some countries, being a billionaire—or even a trillionaire—means absolutely nothing. Zimbabwe is a prime example, where astronomical currency values once bought little more than a loaf of bread.
So when New York mayoral candidate Zohran Kwame Mamdani says, “I don’t think that we should have billionaires,” he’s not talking about wealth in the monetary sense. He’s talking about power.
We currently operate under a fiat currency system, and history has shown that fiat-based systems are vulnerable to collapse. In fact, the creation of the European Union was largely driven by the failure of individual European currencies and the need to combat hyperinflation.
At the root of inflation lies government mismanagement—of money, of markets, and of regulation. Billionaires exist because we have central banks, which control the supply of money. Contrast this with Bitcoin, a deflationary asset. As more fiat dollars are required to purchase one Bitcoin, each unit—called a Satoshi—gains more relative value.
That’s why when people like Mamdani advocate for caps on wealth or income, the issue isn’t financial—it’s about consolidating political power. Price controls and income ceilings don’t empower the public—they strip individuals of economic agency and transfer power to politicians and bureaucrats.
In countries where hyperinflation reigns, a billion dollars might not buy you anything. What matters isn’t the number in your bank account, but your ability to own, control, and use your property and resources freely. That’s the foundation of capitalism—property rights.
Governments, however, love to regulate and control property because controlling property is how they control people. Power-hungry leaders want to be in a position where they can say “jump”—and citizens feel compelled to ask, “how high?”
So when Mamdani campaigns on going after billionaires, he’s not targeting corruption—he’s targeting a class of individuals who threaten his vision of power. And if you support his efforts, thinking you’re sticking it to the rich, you’re actually handing over your own freedom.
Here’s the danger: once the political class has permission to confiscate or limit wealth from one group, it’s only a matter of time before they come for you. History shows this clearly—socialist regimes never stop at the elites. The definition of “too much” eventually expands to include the middle class, entrepreneurs, dissenters, and anyone who doesn’t tow the party line.
In such systems, personal loyalty to the leader becomes currency. People shout praises like “Zohran Mamdani gave me free money!” But if you disagree with him on any issue, those same beneficiaries might turn against you. It becomes a loyalty cult, not a democratic society.
We’ve seen this story unfold around the world. In Cuba, cemeteries are filled with revolutionaries who fought for “the people,” yet the average Cuban still struggles to survive. The government controls the money—and ensures that no one earns more than it allows. That’s not fairness. That’s tyranny.
Socialism is censorship in disguise. When the government controls your wealth, your speech, your job, and your future—it owns you. You no longer live in a free society, but in a managed one, where success depends not on effort, but on political compliance.
If you value liberty and personal freedom, consider making Jesus Christ your Lord and Savior today.