Re:Modeling a Wealth Tax
by theplague42 on Tuesday August 18, 2020 @11:31AM
(#24199891)
You don't think billionaires have political power? What about the tax breaks states use to entice Amazon to build a new HQ? What about Elon Musk trying to shape public opinion against rail transit?
The US literally just elected a billionaire with no prior political experience to the Presidency four years ago!
Re:Modeling a Wealth Tax
by BurningFrog on Tuesday August 18, 2020 @11:35AM
(#24199945)
What I said is they're far from being a ruling class.
Of course they have some political power.
To me, the ruling class is the Ivy League graduate class. They run and rule this country to their benefit.
The Billionaires have fabulous lives, sure, but I don't think they have much political power at all.
If anything, I see them as one of the few counterweights to the real political power.