NHacker Next
  • new
  • past
  • show
  • ask
  • show
  • jobs
  • submit
American capitalism is run by millionaires, not billionaires (economist.com)
zug_zug 13 hours ago [-]
I feel like the title needs to be clarified -- the premise of this article is that they also found people with 25-50m who were causing corruption.

So it should be called "Some Multi Milloinaires are corrupt too!"

Doesn't mean that billoinaires aren't, because billoinaires obvious couldn't care less about your local car dealerships, they'd be operating at a much higher level (e.g. preventing the import of cars from China, forcing their nonsense stocks into your retirement account, being president).

12 hours ago [-]
brianjking 12 hours ago [-]
yes, yes, yes.
pinewurst 14 hours ago [-]
1shooner 7 hours ago [-]
>Barrels of newspaper ink have, for instance, been spilled over the political influence of Elon Musk, who may soon become the world’s first trillionaire. Far fewer have been dedicated to explaining why most American states ban or severely limit carmakers, including Tesla, from selling vehicles directly to customers.

This is a terrible example. Musk has changed the laws in 15 states to exempt Tesla specifically from these bans.

12 hours ago [-]
Ancalagon 14 hours ago [-]
You mean except the billionaire in the presidency man-handling the oil crisis?
nobody77 10 hours ago [-]
People who are not a billionaire or millionaire are corrupt too. So boring the kids are still complaining about people who have more money than them.
tug2024 14 hours ago [-]
[dead]
GenericDev 8 hours ago [-]
[dead]
nobody77 10 hours ago [-]
People who are not a billionaire or millionaire are corrupt too. It's so boring the kids are still complaining about people who have more money than them. The only person that is keeping you down is yourself.
zeruch 10 hours ago [-]
" It's so boring the kids are still complaining about people who have more money than them" That's not what they are complaining about; they are complaining about them rigging the system further in their favor to the detriment of everyone else.

There is a crucial difference there, and history easily explains why if one bothers.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact
Rendered at 10:47:27 GMT+0000 (UTC) with Wasmer Edge.