this post was submitted on 09 Sep 2023
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Politics

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Billionaire Leon Cooperman was on the verge of tears while speaking about his concern about "the lefties" and their progressive outlook on capitalism.

"I've lived the American dream. I'm trying to convince people like [Senators] Elizabeth Warren, Bernie Sanders and AOC (Rep. Alexandria Ocasio-Cortez)—don't move away from capitalism. Capitalism is the best system," Cooperman said on CNBC's Squawk Box on Friday while holding back tears. "I get choked up when I talk about it because basically, my father came to America at the age of 12 as a plumber's apprentice. No education."

"I went to public school in the Bronx, high school in the Bronx, college in the Bronx. I started my career in Wall Street the day after I got my MBA from Columbia. I had no money. I couldn't afford a vacation. I made a lot of money. I'm giving it all back," Cooperman said before co-anchor Rebecca Quick stepped in as he choked up.

"Giving it all back?" Give me a fucking break, asshole.

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[–] BricksDont@beehaw.org 3 points 1 year ago (2 children)

I don't think the US needs to go full socialist (mostly because I think it's impossible and as you said, still corruptible), but we need to lean more towards socialism to start clawing our way back to having a middle class. If we could get affordable universal healthcare and affordable colleges, I would be beyond thrilled. Even though these are things that many, many other countries have had for a long time.

I think a universal basic income would also make a ton of sense, as we potentially enter the era of AI taking over a lot of our jobs. At some point, hopefully we become so efficient at "work" that we can use UBI to help people survive who want to do something outside the usual 9-5 (or who have been automated out of their job).

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