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Americans want to own homes, build wealth, and have economic opportunity. So some are voting for socialists like Mamdani because he has recognized these anxieties and identified a villain (but not a real solution). What is most likely to help? Socialism consistently makes everyone equally poor. The experiment has been run already! You don’t build prosperity by attacking the entrepreneurs, businesspeople, or investors who create it. We do not want to be Maoist China, the Soviet Union, Venezuela, Cuba, East Germany, North Korea. This is a very bad club of outcomes. The next decade will create more business owners than the last century. AI gives anyone with entrepreneurial spirit cheap access to extraordinary human capital. Reindustrialization will bring back productive work. Broad asset ownership can put millions more Americans on the path to wealth. And every dollar will go further as economic productivity surges. Ordinary Americans will suffer if irresponsible politicians, educators and malicious international influence campaigns create 100M Marxists. It will prosper with 100M more Bogleheads. We can be a nation of wealthy owners. @MerriamWebster definition of “democratic socialism” along with Denmark's Prime Minister (Lars Løkke Rasmussen) stating clearly that his country is not socialist, but as a robust capitalist free-market economy supported by a strong welfare safety net https://t.co/Y2Xcckh5qH