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Re:Mastercard DNS Error Went Unnoticed for Years by hinkley on Wednesday January 22, 2025 @01:41PM (#42796089)
No. There’s prestige and power in running high profile companies.

It’s a middle class fantasy that money is power. Look at the Cheeto. How many times has he been bankrupt? What does he say about bankruptcy? He knows he’ll be fine because power brings money, not the other way around.

Taxing billionaires will help the economy absolutely, but it won’t control the billionaires, because a lot of their deals aren’t denominated in hard currency. We don’t know how to tax favors or threats.

Re:Mastercard DNS Error Went Unnoticed for Years by wat10000 on Wednesday January 22, 2025 @02:48PM (#42796747)
Money is definitionally power. Its sole purpose is to convince other people to do things you want them to do. Thats what power is.

There are other sources of power besides money, but money is definitely one kind.

Consider Twitter. Musk managed to get institutions to put up a fabulous amount of money, but he still had to pay a massive amount himself. If he had $1,000 in the bank and nothing else, that deal would never have happened. Heck, even with $1 billion it wouldn’t have happened. As it was, he got to take a couple dozen billion units of monetary power and convert them into massive non-monetary power.

Re:Mastercard DNS Error Went Unnoticed for Years by hinkley on Wednesday January 22, 2025 @02:58PM (#42796854)
Money is the cover charge, to get access. Have you not seen how old money treats new money?
Re:Mastercard DNS Error Went Unnoticed for Years by wat10000 on Wednesday January 22, 2025 @03:15PM (#42796997)
Have you ever seen the difference in a plumber’s behavior when you pay them versus when you don’t?

Like I said, money isn’t the only power. But power is the only thing money is.

Re:Mastercard DNS Error Went Unnoticed for Years by hinkley on Wednesday January 22, 2025 @03:52PM (#42797367)
Give the plumber $2 million and he still won’t be taken seriously at the country club. He can try to buy influence from local politicians, but that only works until an older family disagrees with him and offers something better. Like a job for their niece. Or not to publish those pictures from that party.
Re:Mastercard DNS Error Went Unnoticed for Years by wat10000 on Wednesday January 22, 2025 @05:11PM (#42798067)
Not sure how many times I have to acknowledge non-monetary power before it sticks…