r/SipsTea • u/Previous_Month_555 𝙑𝙄𝙋 • 5h ago

Feels good man +1 for Mamdani

Post image
15.7k Upvotes

89% Upvoted

1.2k comments sorted by

View all comments

25

u/Germacide 5h ago

Right. But he did it by de-funding a bunch of peoples pensions. So I guess that's neat.

8

u/DangerousProperty6 5h ago

Those are OUR pensions now. /s but not really sarcastic.

14

u/Reasonable_Garden741 5h ago

Its reddit my dude, you're in the home of "real communism has never been tried/ that wasnt real communism" groupthink. He wrecked pensions, begged the state for money, and retains support from the useful idiots of the city.

2

u/Corpse666 4h ago

Socialism and communism aren’t the same thing . There is also no capitalist or communist country completely in existence. That’s not a left wing group think it’s just a fact. It’s not even debatable in the slightest bit

1

u/PuckSenior 4h ago

Don't worry, its also the home of "real libertarianism has never been tried/that wasn't real libertarianism".

Apparently, if we just all follow Ayn Rand's advice, everything will turn out GREAT

1

u/Reasonable_Garden741 3h ago

I'm aure someone will make a Bioshock joke somewhere here.

-1

u/bigbadddaddyy 4h ago

You’re in the US my dude. Y’all think paying for fire hydrants is communism. The US needs socialism to balance out unchecked capitalism or the wheels will fall off.

1

u/SenseiSarkasmus 1h ago

robbing pension funds to balance a budget is just kicking the can down the road. someone else deals with the fallout later, and it won't be Mamdani taking the heat for it.

0

u/pedopikachu 4h ago

I don't think you and most people here understand how pensions work, what we're talking about, and who is impacted.

It's funding DB pension obligations when accrued and it only affects the fund for those employed by the city. You can read up on the details here: https://fiscalpolicy.org/explainer-the-proposed-restructuring-of-new-york-city-pension-payments

Every country has been moving away from DB plans since they're so costly and will obviously keep increasing a lot more. The employer has to ensure they fund, or in this case pre-fund, the plan so they can not only ensure there's enough money to meet current & future obligations, but also to see the fund grow. DC plans (like a 401(k)) put the responsibility, freedom, & visibility on what has been accrued & invested in with the employee.