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A comment on Modeling a Wealth Tax. Parent comment

Re:Modeling a Wealth Tax by zasz on Tuesday August 18, 2020 @01:01PM (#24201160)
Bill Gates's mother was on the board of IBM, which helped lead to IBM making a deal with Microsoft. This isn't very different from landed aristocracy marrying only other aristos to maintain power and wealth within their networks.
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Re:Modeling a Wealth Tax by BurningFrog on Tuesday August 18, 2020 @01:50PM (#24201792)
She was not on the IBM board.

She was on United Way's executive committee with the IBM CEO.

https://en.wikipedia.org/wiki/Mary_Maxwell_Gates

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Re:Modeling a Wealth Tax by xutopia on Tuesday August 18, 2020 @02:07PM (#24202051)
Fair point but Gates' parents actually helped create the computer club by financing it. They weren't middle class.
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Re:Modeling a Wealth Tax by BurningFrog on Wednesday August 19, 2020 @10:22AM (#24210649)
Sure.

But the IBM deal wasn't a corrupt insider affair either.

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Re:Modeling a Wealth Tax by vinay_ys on Tuesday August 18, 2020 @01:45PM (#24201724)
The same kind of deal making happens in the VC/PE world? Isn't it true that you not only get money investments from VC/PE firms but also get connections and deal-making with their portfolio companies. In that way it is quite similar. Either you are in the club or you are not.
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