i am a lover of capitalism... and lover of bitcoin. i do however think Mamdani's victory is a direct result of the extreme and growing wealth disparity evolving in this county... as well as his rejection of fundamentalist, apartheid states.
Your analysis is correct. Anthony fights against labor and champions the elite welfare class. Socializing costs, privatizing profits. The working class be damned. Anthony was a privileged kid with a self-described "hallway education" who did right for himself. He stood on the shoulders of those who've sacrificed their well being for his privilege and he now looks down upon them and spits.
Spoken like a total loser. "extreme and growing wealth disparity evolving in this county" , LOL! Hey clown, wealth inequality is a good thing...it means society is rewarding those who provide the most to society. I grew up with nothing, and you don't see me whining about inequality. Besides, do you have a problem with reading comprehension, or are you just slow? Read the article! It wasn't the poor that voted for Mamdani...it was the relatively wealthy!
"you are right. lets give all the tax cuts to the wealthy and government subsidies to corporations"
LOL. The bottom 41-47% of Americans have no Federal tax liability at all. For you, that means they pay no net taxes. Since your little mind still doesn't get it, that means that the bottom half of the population are the ones getting the greatest tax breaks, since they pay nothing. If there is a problem, it's that the wealthy are being discriminated against by having to pay enormous taxes, while nearly half of the US working population pays nothing. A fair system would tax everyone above the poverty level the same rate. The wealthly would still pay more, but at least they would be treated equally, by paying the same rate (i.e. for the slow, at 10% rate for all means someone making $50,000 would pay $5,000, while someone making $500,000 would pay $50,000, or 10x more than the other person).
Sorry your life hasn't turned out very well, but it's not the fault of the wealthy or corporations. So stop your whining.
"According to data from the Tax Policy Center and IRS, in recent years, around 40-47% of U.S. households have owed no federal income tax due to low income, tax credits (like the Earned Income Tax Credit and Child Tax Credit), deductions, or exemptions."
While it's true that roughly 41–47% of Americans don't owe federal income tax, it's misleading to claim they pay “no net taxes” or contribute nothing. Most of these households do pay other forms of taxes—such as payroll taxes, sales taxes, property taxes, and excise taxes—which often take a proportionally larger bite out of their incomes than wealthier Americans face.
For example, payroll taxes (which fund Social Security and Medicare) are automatically deducted from workers' paychecks starting at the first dollar earned and are not offset by credits or deductions. This means a full-time worker earning $30,000 contributes meaningfully to the federal system—even if they receive a refund on income tax.
Additionally, it's disingenuous to suggest people in lower income brackets are “whining” by pointing out economic disparities. Wages have stagnated for decades while corporate profits and CEO pay have skyrocketed. Many of the tax breaks and loopholes benefiting the wealthy are embedded in a system they’ve had disproportionate influence over shaping.
Framing the conversation as “your life didn’t turn out well, so stop blaming the rich” ignores structural inequality, generational poverty, unequal access to education, and skyrocketing costs of living that affect economic mobility. It’s not about personal failure—it’s about a system that increasingly favors capital over labor.
And just to be clear: I’m relatively well-off myself. Yet, when I look at my effective tax rate, it’s staggering to realize that **both my housekeeper and my gardener pay a higher percentage of their income in taxes than I do**. That’s not whining—that’s a structural imbalance worth questioning.
Fred is speaking from a place of privilege and entitlement. He knows nothing about the struggles of the working class.
As a restaurant worker, the kitchen staff would sometimes come to me for help. They would show me their paycheck and wonder why so much federal, state, and local taxes were taken out. They were immigrants. They didn't have a social security number. Instead, they had a TID (Tax Identification) number. They worked 60 hours a week, didn't have a pot to piss in, no health insurance, no paid holidays, and no sick days.
Funny how minimum wage kitchen staff are forced to pay federal taxes. According to Fred's 47% rule, they don't pay a cent. "Show me their paycheck! Prove it!" You don't have to prove a damn thing, just as Donald Trump didn't have to prove that he payed $750 a year in taxes, just as Anthony Pompliano doesn't have to prove he didn't steal money when working with Sam Bankman-Fried and FTX. The oligarchy has no rules. There are no consequences.
Workers are the backbone of the U.S. economy and yet their labor is derided and spit on. They are "low educated." They are "lazy." The amount of racism and patronizing BS never ceases. I refuse to play nice in the sandbox anymore. Evidently so are millions of other disenfranchised workers across the country.
Fred won't argue with facts so he points fingers and screams, as if raising his voice gives credibility to his rants. I would like to see Fred wash dishes for a week in a busy restaurant kitchen. I would like to see Fred pick asparagus for a day on a farm. That's work. These are people at noble jobs making the lives around them better every day. No one cares. In America, your value, even your goodness under the eyes of God, is judged by how much money you have.
In the end, the working class is losing. The oligarchy controls and divides us, MAGA vs. Woke. The corrupt Zionist oligarchy mocks Zohran Mamdani. United Healthcare continues to make billions while sending Americans to their graves. Their shareholders demand it. It will only get worse. God help us... and I don't believe in God.
Lol. You keep changing the subject because you keep losing the argument. No matter how much you try to twist yourself into a pretel lying, the FACT remains that nearly half of the US population pay no net Federal taxes. I am fully aware about the other taxes (duh), which is why a clearly said "Federal". Maybe you have trouble with reading comprehension, which is why you needed AI to write you response, lol.
I never said these people "contribute nothing", LIAR.
I also never said "people in lower income brackets are “whining”, LIAR. I said you were.
"And just to be clear: I’m relatively well-off myself. Yet, when I look at my effective tax rate, it’s staggering to realize that **both my housekeeper and my gardener pay a higher percentage of their income in taxes than I do**" LIAR. So you are telling me you've asked these people what their total income is and how much taxes they pay??? The only way you could know if that is true is if you demanded to see their personal tax returns. Yeah, that's a believable story! You aren't even a very good liar, apparently.
Besides, unless your gardener and housekeeper are in the the top 53-59% of wage earners, they are paying no net Federal taxes at all, so again, LIAR. Your little story about them paying more is just bs you copied from Warren Buffett who makes the same bs claim about his secretary. What he didn't tell people is that he pays himself a small salary (less than half his secretary's salary) to avoid income taxes. He also doesn't tell you that he pays his "poor secretary" over $400,000/year. If he really cared about her income taxes, he could pay her mostly in stock options so she could pay taxes at the capital gains rate instead of income tax rate. But he doesn't do that for her because 1) He doesn't care and 2) it makes a nice propaganda story for him. Besides, if you think your gardener and cleaner aren't suffering so much, pay them more! Of course, you won't do that, because like most whiners about income inequality, you really don't care. You're just jealous of people who earn more than you, and you want them to pay more (but not you), right? So f off with your lies and communist propaganda.
If I'm am wrong, post the business phone numbers of your gardener and housekeeper you use for this sob story. Like any business, they would surely appreciate the free advertisement. Then we will contact the IRS to make sure you are paying their medicare and SS taxes you are required to pay, as required by law for your household employees earning more than $2,800/year. If you won't do that, we will just asssume you either making this story up, or not paying their taxes.
There’s no argument here to lose. We have both benefited from a system that is objectively structured to serve the interests of the wealthy and corporations. It’s a system shaped by disproportionate political influence and designed to preserve that imbalance. That is why Mamdani won the primary.
I don’t regret my own success. But I can at least acknowledge the reality of the system that enabled it. The fact that you refuse to even entertain that truth, while lashing out at anyone who does is telling. And frankly, it's sad.
“When the rich rob the poor, it’s called business. When the poor fight back, it’s called violence.” – Mark Twain
Capitalism is under attack because capitalism is destroying the world. Capitalism has, as its feature, the subjugation of labor to ensure the power and riches of the oligarchy. Zohran Mamdani's primary win is a testament of the working class to fight back, to end the predatory corruption and greed that capitalism has squeezed out of everyday New Yorkers.
Housing is unaffordable. Quality healthcare is available only to the rich. Under the ruse of capitalism, United Healthcare murders the masses for profit. Shareholders demand it. Palantir provides AI to deny lifesaving medical procedures.
Our food and water are poisoned with chemicals to minimize costs and maximize profits, meanwhile, the wealthy buy luxury organics at Erewhon, unaffordable for the masses, by design. Palantir and Erewhon are capitalist success stories, the kind that Anthony Pompliano champions.
Anthony Pompliano is a part of this elite oligarchy. He once served bravely in our military, only now to back the Zionist genocide and the military industrial complex. Death = Profits. I believe in Bitcoin but I'm also a socialist and when Anthony's prejudice for predatory "free-market" capitalism was questioned, instead of responding with data, Anthony responded with an ad hominem attack. "You're a loser in the peanut gallery." ...so much for Anthony's book learning.
Zohran Mamdani is the hammer we need. Power never concedes without retaliation. We will never back down. It will be difficult. The rich control our elections, our police, our housing, our food, and our bodies. The rich control the guns. The rich control us.
State sponsored terrorism is rampant. ICE arrests the helpless, a gardener in Orange County, Ca.,his three sons serving in the marines, an elderly woman selling tamales on a sidewalk. Yes, this is the capitalism that Anthony champions. We must join the fight with Zohran Mamdani. We must defeat the oligarchy.
Your question is an attempt at straw manning. I will not bite. There is no country that is a utopia. Secondly, the oligarchy conflates socialism with social welfare as a scaremongering tactic, a weapon to ensure that the exploitative capitalist model continues without laws, enforcement, and without consideration for worker and human rights. You have a computer. You are a cyborg. Do your own research.
When wealth inequality is allowed to reach the tipping point, revolutionary changes occur, whether rational or not. The angry disenfranchised don’t care that resulting socialism will fail miserably because they are already miserable. What’s amazing is the rich don’t protect their privilege by re-balancing things before it’s too late. History shows the rich are as blind or unconcerned to this inevitable outcome as the disenfranchised are to what terrible alternative they are creating.
Hey Pomp, take it from a “white woman” who loves both capitalism and bitcoin… perhaps we just don’t trust the white men who have blatantly proven time and again they (1) simply don’t respect women, in general, and (2) think the rules don’t apply to them.
What if our votes have nothing to do with shame and guilt (wtf? - such arrogance!). Perhaps we’re just sending a message that, indeed, we CAN think for ourselves.
There is an enormous stretch between “Marxist indoctrination” and deliberately sending the strong message that Cuomo, and reckless DOGE-like “capitalism” are not the right answers.
P.S. we do agree about intellectual rot across the country- likely just not in the same way.
" take it from a “white woman” who loves both capitalism and bitcoin… perhaps we just don’t trust the white men who have blatantly proven time and again they (1) simply don’t respect women, in general, and (2) think the rules don’t apply to them."
Are you gay, ugly, overweight? Or maybe all three?
Anthony writes as if we're all in an echo chamber, beholden to his almighty wisdom. He is after all, rich, which by definition means he is right. This is the information age. Alternative data is instantly available. We are no longer beholden to the patronizing, oligarchic propaganda Anthony promotes. Like "woke," "capitalism," "Marxism," and "socialism" are words that mean everything and nothing. For Anthony, "capitalism good," everything else, "bad." He knows that his form of capitalism serves his own greedy interests. He doesn't give a shit whether or not his propaganda is destroying the working class. He's a narcissist. "Me, me, and me."
I'm not agreeing with Pomp here, he is biased like all humans. Your comment however, "perhaps we just don’t trust the white men who have blatantly proven time and again they (1) simply don’t respect women, in general, and (2) think the rules don’t apply to them" is just another projection of your own beliefs and likely unresolved trauma.
The majority of white men respect women. Just like the majority of white women respect men; otherwise marriage and business wouldn't exist. Issues are never a race/gender/etc. issue, but the beliefs that a human has in their head. These are human problems.
I don't blame you for your comment, as I mentioned, Pomp is biased. Making comments like you said above only perpetuates racism and sexism.
Meh, maybe, maybe not. It's still early and we don't know why the voters voted the way they did.
So comments like: "I feel very confident in saying this is an outgrowth of decades of university-level Marxist indoctrination via the universities that has been coupled with a never ending onslaught of mainstream propaganda that has convinced educated liberals (especially the white ones and, more specifically, the white women) that they should feel great shame, revolt against the principles of capitalism and degrade their lives by supporting socialist policies as a form of implicit reparations." - that's just narrative wishcasting. That's what the author *wants* to believe, it's the narrative they want to push onto others.
Just as likely (as far as we know so far), it was a leftish version of a MAGA revolt against the status quo.
I appreciate Pomp’s conservative view. Nonetheless, funny to see the view that norms and budget will moderate a socialist NYC mayor — the same rationale many conservatives used to vote for Trump and against Kamala.
Absolutely 1000% correct = "the promise of capitalism is equal opportunity, rather than equal outcome".
what's a bit more nuanced is how the 'finger of government' comes down to help certain outcomes versus others.
I say this as a true fiscal conservative (which today would make me a Libertarian I think) who thinks freedom and equal opportunity are the pillars we should strive for. That's not what we have.
Back when the government was trying to help society rebuild (from the end of WWII all the way through 1979) - and created the "American Dream" as an outcome; high earners, median earners and low wage earners were all sharing equally in the growth of the USA's GDP and productivity. Reagan's policies (while socially conservative and highly nationalistic) were horrible for average to lower income folks and the 'trickle down' public narrative while being thoroughly debunked economically has somehow never been debunked in the public discourse.
I am no fan of socialism or public handouts for nothing but the structure of the last 45 years has made wealth inequality so disparate that our society as a whole is in jeopardy. Fear of civil war or societal collapse is how you end up having highly educated (and let's face it - self loathing) voters prioritize Mamdani. Do they really want a socialist - I'd say no way. But they are in effect voting to swing the pendulum back the opposite way --- probably too much -- but that's the option.
Socialism = WORKERS share in the profits of those who own the capital.
Our country was built on the backs, blood, and death of slavery. The ownership of their labor was stolen from them. This continues today with the abolition of worker's rights, unaffordable housing, and with no access to quality healthcare. Subsidies and "quantitative easing" is nothing more than social welfare for the rich. Socialize costs, privatize profits. This is predatory capitalism. It's destroying our country and our planet. It must end.
Again, another straw man argument. Instead of arguing the point with data, you shift the argument from the failure of capitalism to individual responsibility. If you steal taxpayer money to subsidize a failing business, you're a winner. If you're an asparagus picker and can't afford healthcare, you're a loser. It's your fault.
Same here. I voted for Mamdani and did not rank Cuomo. Bitcoin is Bitcoin, serving neither predatory capitalism nor socialism. It's astounding to see the heads spin at the NYSE and on CNBC at the result of Mamdani's primary win. They are clutching their pearls, bitching and crying and throwing hissy fits. They expose the apparatus of power and corruption. Islamophobia is in full swing. Zionism and predatory capitalism is under siege. Billionaires must cease to exist. Period.
Anthony, I subscribed to your newsletter a few years ago because at the time you had the best Bitcoin content available, in my opinion. However, in the last year or so you have spent more time advocating for conservative politics and your own business ventures than discussing Bitcoin. I urge you to return to your core message, because while I respect your business success and understand your political desire to maintain the status quo for yourself and your rich friends, I DON’T WANT TO READ ABOUT IT. Bitcoin, bitcoin, bitcoin please or you will lose this subscriber.
P.S. I think it’s hysterical that when the statistics show that uneducated people vote for Cuomo and highly educated people vote for Mandani, then you support the ridiculous notion that our education system must be faulty. Really? Isn’t the simpler answer just that better educated people are better able to think about the issues and make a better choice? We don’t like to use words like “smart” to describe the better educated because that implies the uneducated are “dumb”, which they’re not, but sometimes to make a smart choice you have to be able to think better and education helps with that.
i am a lover of capitalism... and lover of bitcoin. i do however think Mamdani's victory is a direct result of the extreme and growing wealth disparity evolving in this county... as well as his rejection of fundamentalist, apartheid states.
Your analysis is correct. Anthony fights against labor and champions the elite welfare class. Socializing costs, privatizing profits. The working class be damned. Anthony was a privileged kid with a self-described "hallway education" who did right for himself. He stood on the shoulders of those who've sacrificed their well being for his privilege and he now looks down upon them and spits.
Spoken like a total loser. "extreme and growing wealth disparity evolving in this county" , LOL! Hey clown, wealth inequality is a good thing...it means society is rewarding those who provide the most to society. I grew up with nothing, and you don't see me whining about inequality. Besides, do you have a problem with reading comprehension, or are you just slow? Read the article! It wasn't the poor that voted for Mamdani...it was the relatively wealthy!
you are right. lets give all the tax cuts to the wealthy and government subsidies to corporations
"you are right. lets give all the tax cuts to the wealthy and government subsidies to corporations"
LOL. The bottom 41-47% of Americans have no Federal tax liability at all. For you, that means they pay no net taxes. Since your little mind still doesn't get it, that means that the bottom half of the population are the ones getting the greatest tax breaks, since they pay nothing. If there is a problem, it's that the wealthy are being discriminated against by having to pay enormous taxes, while nearly half of the US working population pays nothing. A fair system would tax everyone above the poverty level the same rate. The wealthly would still pay more, but at least they would be treated equally, by paying the same rate (i.e. for the slow, at 10% rate for all means someone making $50,000 would pay $5,000, while someone making $500,000 would pay $50,000, or 10x more than the other person).
Sorry your life hasn't turned out very well, but it's not the fault of the wealthy or corporations. So stop your whining.
"According to data from the Tax Policy Center and IRS, in recent years, around 40-47% of U.S. households have owed no federal income tax due to low income, tax credits (like the Earned Income Tax Credit and Child Tax Credit), deductions, or exemptions."
While it's true that roughly 41–47% of Americans don't owe federal income tax, it's misleading to claim they pay “no net taxes” or contribute nothing. Most of these households do pay other forms of taxes—such as payroll taxes, sales taxes, property taxes, and excise taxes—which often take a proportionally larger bite out of their incomes than wealthier Americans face.
For example, payroll taxes (which fund Social Security and Medicare) are automatically deducted from workers' paychecks starting at the first dollar earned and are not offset by credits or deductions. This means a full-time worker earning $30,000 contributes meaningfully to the federal system—even if they receive a refund on income tax.
Additionally, it's disingenuous to suggest people in lower income brackets are “whining” by pointing out economic disparities. Wages have stagnated for decades while corporate profits and CEO pay have skyrocketed. Many of the tax breaks and loopholes benefiting the wealthy are embedded in a system they’ve had disproportionate influence over shaping.
Framing the conversation as “your life didn’t turn out well, so stop blaming the rich” ignores structural inequality, generational poverty, unequal access to education, and skyrocketing costs of living that affect economic mobility. It’s not about personal failure—it’s about a system that increasingly favors capital over labor.
And just to be clear: I’m relatively well-off myself. Yet, when I look at my effective tax rate, it’s staggering to realize that **both my housekeeper and my gardener pay a higher percentage of their income in taxes than I do**. That’s not whining—that’s a structural imbalance worth questioning.
-this from a capitalist
Fred is speaking from a place of privilege and entitlement. He knows nothing about the struggles of the working class.
As a restaurant worker, the kitchen staff would sometimes come to me for help. They would show me their paycheck and wonder why so much federal, state, and local taxes were taken out. They were immigrants. They didn't have a social security number. Instead, they had a TID (Tax Identification) number. They worked 60 hours a week, didn't have a pot to piss in, no health insurance, no paid holidays, and no sick days.
Funny how minimum wage kitchen staff are forced to pay federal taxes. According to Fred's 47% rule, they don't pay a cent. "Show me their paycheck! Prove it!" You don't have to prove a damn thing, just as Donald Trump didn't have to prove that he payed $750 a year in taxes, just as Anthony Pompliano doesn't have to prove he didn't steal money when working with Sam Bankman-Fried and FTX. The oligarchy has no rules. There are no consequences.
Workers are the backbone of the U.S. economy and yet their labor is derided and spit on. They are "low educated." They are "lazy." The amount of racism and patronizing BS never ceases. I refuse to play nice in the sandbox anymore. Evidently so are millions of other disenfranchised workers across the country.
Fred won't argue with facts so he points fingers and screams, as if raising his voice gives credibility to his rants. I would like to see Fred wash dishes for a week in a busy restaurant kitchen. I would like to see Fred pick asparagus for a day on a farm. That's work. These are people at noble jobs making the lives around them better every day. No one cares. In America, your value, even your goodness under the eyes of God, is judged by how much money you have.
In the end, the working class is losing. The oligarchy controls and divides us, MAGA vs. Woke. The corrupt Zionist oligarchy mocks Zohran Mamdani. United Healthcare continues to make billions while sending Americans to their graves. Their shareholders demand it. It will only get worse. God help us... and I don't believe in God.
Lol. You keep changing the subject because you keep losing the argument. No matter how much you try to twist yourself into a pretel lying, the FACT remains that nearly half of the US population pay no net Federal taxes. I am fully aware about the other taxes (duh), which is why a clearly said "Federal". Maybe you have trouble with reading comprehension, which is why you needed AI to write you response, lol.
I never said these people "contribute nothing", LIAR.
I also never said "people in lower income brackets are “whining”, LIAR. I said you were.
"And just to be clear: I’m relatively well-off myself. Yet, when I look at my effective tax rate, it’s staggering to realize that **both my housekeeper and my gardener pay a higher percentage of their income in taxes than I do**" LIAR. So you are telling me you've asked these people what their total income is and how much taxes they pay??? The only way you could know if that is true is if you demanded to see their personal tax returns. Yeah, that's a believable story! You aren't even a very good liar, apparently.
Besides, unless your gardener and housekeeper are in the the top 53-59% of wage earners, they are paying no net Federal taxes at all, so again, LIAR. Your little story about them paying more is just bs you copied from Warren Buffett who makes the same bs claim about his secretary. What he didn't tell people is that he pays himself a small salary (less than half his secretary's salary) to avoid income taxes. He also doesn't tell you that he pays his "poor secretary" over $400,000/year. If he really cared about her income taxes, he could pay her mostly in stock options so she could pay taxes at the capital gains rate instead of income tax rate. But he doesn't do that for her because 1) He doesn't care and 2) it makes a nice propaganda story for him. Besides, if you think your gardener and cleaner aren't suffering so much, pay them more! Of course, you won't do that, because like most whiners about income inequality, you really don't care. You're just jealous of people who earn more than you, and you want them to pay more (but not you), right? So f off with your lies and communist propaganda.
If I'm am wrong, post the business phone numbers of your gardener and housekeeper you use for this sob story. Like any business, they would surely appreciate the free advertisement. Then we will contact the IRS to make sure you are paying their medicare and SS taxes you are required to pay, as required by law for your household employees earning more than $2,800/year. If you won't do that, we will just asssume you either making this story up, or not paying their taxes.
There’s no argument here to lose. We have both benefited from a system that is objectively structured to serve the interests of the wealthy and corporations. It’s a system shaped by disproportionate political influence and designed to preserve that imbalance. That is why Mamdani won the primary.
I don’t regret my own success. But I can at least acknowledge the reality of the system that enabled it. The fact that you refuse to even entertain that truth, while lashing out at anyone who does is telling. And frankly, it's sad.
“When the rich rob the poor, it’s called business. When the poor fight back, it’s called violence.” – Mark Twain
Capitalism is under attack because capitalism is destroying the world. Capitalism has, as its feature, the subjugation of labor to ensure the power and riches of the oligarchy. Zohran Mamdani's primary win is a testament of the working class to fight back, to end the predatory corruption and greed that capitalism has squeezed out of everyday New Yorkers.
Housing is unaffordable. Quality healthcare is available only to the rich. Under the ruse of capitalism, United Healthcare murders the masses for profit. Shareholders demand it. Palantir provides AI to deny lifesaving medical procedures.
Our food and water are poisoned with chemicals to minimize costs and maximize profits, meanwhile, the wealthy buy luxury organics at Erewhon, unaffordable for the masses, by design. Palantir and Erewhon are capitalist success stories, the kind that Anthony Pompliano champions.
Anthony Pompliano is a part of this elite oligarchy. He once served bravely in our military, only now to back the Zionist genocide and the military industrial complex. Death = Profits. I believe in Bitcoin but I'm also a socialist and when Anthony's prejudice for predatory "free-market" capitalism was questioned, instead of responding with data, Anthony responded with an ad hominem attack. "You're a loser in the peanut gallery." ...so much for Anthony's book learning.
Zohran Mamdani is the hammer we need. Power never concedes without retaliation. We will never back down. It will be difficult. The rich control our elections, our police, our housing, our food, and our bodies. The rich control the guns. The rich control us.
State sponsored terrorism is rampant. ICE arrests the helpless, a gardener in Orange County, Ca.,his three sons serving in the marines, an elderly woman selling tamales on a sidewalk. Yes, this is the capitalism that Anthony champions. We must join the fight with Zohran Mamdani. We must defeat the oligarchy.
Can you provide an current example of a socialist country where this eutopia exists?
Your question is an attempt at straw manning. I will not bite. There is no country that is a utopia. Secondly, the oligarchy conflates socialism with social welfare as a scaremongering tactic, a weapon to ensure that the exploitative capitalist model continues without laws, enforcement, and without consideration for worker and human rights. You have a computer. You are a cyborg. Do your own research.
More communism isn't going to fix that tho 😂
Another straw man swipe. Typical.
You sound like an idiot. Neither communism or socialism has ever produced a wealthy society. WTFU.
When wealth inequality is allowed to reach the tipping point, revolutionary changes occur, whether rational or not. The angry disenfranchised don’t care that resulting socialism will fail miserably because they are already miserable. What’s amazing is the rich don’t protect their privilege by re-balancing things before it’s too late. History shows the rich are as blind or unconcerned to this inevitable outcome as the disenfranchised are to what terrible alternative they are creating.
Let them eat cake.
Hey Pomp, take it from a “white woman” who loves both capitalism and bitcoin… perhaps we just don’t trust the white men who have blatantly proven time and again they (1) simply don’t respect women, in general, and (2) think the rules don’t apply to them.
What if our votes have nothing to do with shame and guilt (wtf? - such arrogance!). Perhaps we’re just sending a message that, indeed, we CAN think for ourselves.
There is an enormous stretch between “Marxist indoctrination” and deliberately sending the strong message that Cuomo, and reckless DOGE-like “capitalism” are not the right answers.
P.S. we do agree about intellectual rot across the country- likely just not in the same way.
" take it from a “white woman” who loves both capitalism and bitcoin… perhaps we just don’t trust the white men who have blatantly proven time and again they (1) simply don’t respect women, in general, and (2) think the rules don’t apply to them."
Are you gay, ugly, overweight? Or maybe all three?
Anthony writes as if we're all in an echo chamber, beholden to his almighty wisdom. He is after all, rich, which by definition means he is right. This is the information age. Alternative data is instantly available. We are no longer beholden to the patronizing, oligarchic propaganda Anthony promotes. Like "woke," "capitalism," "Marxism," and "socialism" are words that mean everything and nothing. For Anthony, "capitalism good," everything else, "bad." He knows that his form of capitalism serves his own greedy interests. He doesn't give a shit whether or not his propaganda is destroying the working class. He's a narcissist. "Me, me, and me."
I'm not agreeing with Pomp here, he is biased like all humans. Your comment however, "perhaps we just don’t trust the white men who have blatantly proven time and again they (1) simply don’t respect women, in general, and (2) think the rules don’t apply to them" is just another projection of your own beliefs and likely unresolved trauma.
The majority of white men respect women. Just like the majority of white women respect men; otherwise marriage and business wouldn't exist. Issues are never a race/gender/etc. issue, but the beliefs that a human has in their head. These are human problems.
I don't blame you for your comment, as I mentioned, Pomp is biased. Making comments like you said above only perpetuates racism and sexism.
Meh, maybe, maybe not. It's still early and we don't know why the voters voted the way they did.
So comments like: "I feel very confident in saying this is an outgrowth of decades of university-level Marxist indoctrination via the universities that has been coupled with a never ending onslaught of mainstream propaganda that has convinced educated liberals (especially the white ones and, more specifically, the white women) that they should feel great shame, revolt against the principles of capitalism and degrade their lives by supporting socialist policies as a form of implicit reparations." - that's just narrative wishcasting. That's what the author *wants* to believe, it's the narrative they want to push onto others.
Just as likely (as far as we know so far), it was a leftish version of a MAGA revolt against the status quo.
Well said.
I appreciate Pomp’s conservative view. Nonetheless, funny to see the view that norms and budget will moderate a socialist NYC mayor — the same rationale many conservatives used to vote for Trump and against Kamala.
Absolutely 1000% correct = "the promise of capitalism is equal opportunity, rather than equal outcome".
what's a bit more nuanced is how the 'finger of government' comes down to help certain outcomes versus others.
I say this as a true fiscal conservative (which today would make me a Libertarian I think) who thinks freedom and equal opportunity are the pillars we should strive for. That's not what we have.
Back when the government was trying to help society rebuild (from the end of WWII all the way through 1979) - and created the "American Dream" as an outcome; high earners, median earners and low wage earners were all sharing equally in the growth of the USA's GDP and productivity. Reagan's policies (while socially conservative and highly nationalistic) were horrible for average to lower income folks and the 'trickle down' public narrative while being thoroughly debunked economically has somehow never been debunked in the public discourse.
I am no fan of socialism or public handouts for nothing but the structure of the last 45 years has made wealth inequality so disparate that our society as a whole is in jeopardy. Fear of civil war or societal collapse is how you end up having highly educated (and let's face it - self loathing) voters prioritize Mamdani. Do they really want a socialist - I'd say no way. But they are in effect voting to swing the pendulum back the opposite way --- probably too much -- but that's the option.
Socialism is not the same as social welfare.
Capitalism = owners of capital own the profits.
Socialism = WORKERS share in the profits of those who own the capital.
Our country was built on the backs, blood, and death of slavery. The ownership of their labor was stolen from them. This continues today with the abolition of worker's rights, unaffordable housing, and with no access to quality healthcare. Subsidies and "quantitative easing" is nothing more than social welfare for the rich. Socialize costs, privatize profits. This is predatory capitalism. It's destroying our country and our planet. It must end.
Get a life David...your communist propaganda has been proven false for decades. Everything you post is a lie.
Sorry things didn't work out for you. It's not the fault of capitalism...it's you.
Again, another straw man argument. Instead of arguing the point with data, you shift the argument from the failure of capitalism to individual responsibility. If you steal taxpayer money to subsidize a failing business, you're a winner. If you're an asparagus picker and can't afford healthcare, you're a loser. It's your fault.
You are a straw man, lol. Facts don't matter to you. If they did, you wouldn't be a socialist.
Who’s John Galt?
I voted for him and didn't rank cuomo. Lets go bitcoin. bitcoin dont care about politics. good post though and i love your content
Same here. I voted for Mamdani and did not rank Cuomo. Bitcoin is Bitcoin, serving neither predatory capitalism nor socialism. It's astounding to see the heads spin at the NYSE and on CNBC at the result of Mamdani's primary win. They are clutching their pearls, bitching and crying and throwing hissy fits. They expose the apparatus of power and corruption. Islamophobia is in full swing. Zionism and predatory capitalism is under siege. Billionaires must cease to exist. Period.
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Well done Pomp. Ignore the the pathetic loser-leftists below who blame their life failures on everything but themselves.
ANTHONY
" IT IS SANITY versus INSANITY.
EMPOWER SANITY.
DISEMPOWER INSANITY.
' BITCOIN IS SANITY.
SANITY IS CONTAGIOUS.
BE SANITY ' ... "
~ WILLIAM IAIN JONES
Anthony, I subscribed to your newsletter a few years ago because at the time you had the best Bitcoin content available, in my opinion. However, in the last year or so you have spent more time advocating for conservative politics and your own business ventures than discussing Bitcoin. I urge you to return to your core message, because while I respect your business success and understand your political desire to maintain the status quo for yourself and your rich friends, I DON’T WANT TO READ ABOUT IT. Bitcoin, bitcoin, bitcoin please or you will lose this subscriber.
P.S. I think it’s hysterical that when the statistics show that uneducated people vote for Cuomo and highly educated people vote for Mandani, then you support the ridiculous notion that our education system must be faulty. Really? Isn’t the simpler answer just that better educated people are better able to think about the issues and make a better choice? We don’t like to use words like “smart” to describe the better educated because that implies the uneducated are “dumb”, which they’re not, but sometimes to make a smart choice you have to be able to think better and education helps with that.
Great Content 👍