News for hackers. Stuff that matters.
Re:11% of the world’s billionaires have held or sought polit... by camhart on Friday November 03, 2023 @02:51PM (#38133219)
> risk of using political office for personal gain remains.

It may remain, however that doesn't mean the temptation isn't crippled.

A 1 billion net worth person is less likely to be tempted by a $50,000 "enrichment" opportunity compared to someone making $174,000 with a net worth of less than 100k.

Re:11% of the world’s billionaires have held or sought polit... by jjoonathan on Friday November 03, 2023 @02:54PM (#38133271)
A 1% chance of a 1% change in a $1B portfolio is worth $100k. Do you think it would be difficult to arrange for that 1% chance of a 1% change through plausibly deniable policy changes? Do you think it would be possible to achieve larger swings at higher reliability? How much do you think those plausibly achievable swings would be worth on a $1B portfolio?

Working for a living and owning things for a living provide very different incentive landscapes that are often opposed to one another. Assets pay you in proportion to how much you own, so "owning things for a living" is roughly synonymous with a net worth above a line that lands somewhere between $10M and $100M depending on how you draw the line. In any case, if you work for a living, you definitely do not want to be represented by politicians who own things for a living.

Re:11% of the world’s billionaires have held or sought polit... by phatskat on Friday November 03, 2023 @03:07PM (#38133541)
I don’t know about that - people in positions of wealth are fairly likely to shoplift. If you make $200k a year, why shoplift an $80 bottle of liquor? I would think the same holds true when considering your given scenario.
Re:11% of the world’s billionaires have held or sought polit... by rsynnott on Friday November 03, 2023 @02:58PM (#38133364)
I mean, you'd think, but look at the petty corrupt bullshit Trump got up to! Going to his hotels with his secret service people... then overcharging them for rooms. Like, just ridiculous, and not a consequential amount of money for him, but he still _did it_.
Re:11% of the world’s billionaires have held or sought polit... by stronglikedan on Friday November 03, 2023 @03:03PM (#38133468)
> but he still _did it_

Did he? Probably not, when you look at all the facts.

Re:11% of the world’s billionaires have held or sought polit... by rsynnott on Friday November 03, 2023 @03:11PM (#38133641)
Eh? I mean you could argue about how _important_ it was (personally I would class it as somewhat important, but very, _very_ funny; it's just so petty), but it did clearly happen; there's not much doubt about that.
Re:11% of the world’s billionaires have held or sought polit... by itsyaboi on Friday November 03, 2023 @04:48PM (#38134797)
I had not heard of this and was curious as to the context.

https://www.nbcnews.com/politics/donald-trump/trump-organiza...

According to the NPR article, the SS has a $200 per-diem limit for hotel expenses and by staying with Trump at his hotel (where rooms run about $1k/night), exceeded this limit.

This raises the question: how do accommodations work for president's entourages when traveling? I have a hard time believing that they restrict themselves to Holiday Inn tier establishments. Hotel rooms in larger cities can easily run $500/night, especially on a short notice.

Re:11% of the world’s billionaires have held or sought polit... by adolph on Friday November 03, 2023 @03:06PM (#38133518)
That is very exclusionary to would-be bribes^H^H^H^H^H^Hdonations from people of lesser means.

As an alternative I propose the Aztec method. While they are in office, the elected is given every possible luxury and upon leaving their sacrifice is ceremonialized in a very public way so that all know the elected did not perform their duty for personal gain.

Re:11% of the world’s billionaires have held or sought polit... by jrflowers on Friday November 03, 2023 @05:12PM (#38135073)
> A 1 billion net worth person is less likely to be tempted by a $50,000 "enrichment" opportunity

This is a good point. People act rationally all of the time, plus nobody has ever become a billionaire by compulsively capitalizing on every opportunity to gain wealth.