Cliff Asness and Michael Mendelson, of AQR Capital Management, wrote in the Saturday Wall Street Journal‘s Letters section decrying Progressive-Democratic Party candidate for New York City mayor Zohran Mamdani’s statement that we “shouldn’t have billionaires.”

The money part of their letter, though, is their closer:

We are tempted to end by saying, with considerably more evidence than Mr Mamdani, that “we shouldn’t have socialists.” The country would be better off without such noxious and destructive ideas. But unlike him, we know we don’t get to decide who exists and who doesn’t.

Right on.