4 ms·

The billionaire welfare class would be the ones who: 1. have their liabilities capped by statute (see BP, GE, Peabody, etc. ) 2. have their debts made whole

by olefoo 16y ago

The billionaire welfare class would be the ones who: 1. have their liabilities capped by statute (see BP, GE, Peabody, etc. ) 2. have their debts made whole by government action (see most financial companies in 2008) 3. have ownership of or share fractional ownership in a US Senator 4. Are the beneficial owner of a defense contractor. 5. from a long way off look like oligarchs

api 16y ago
#3 made me LOL Is there an exchange for senators? Do they have ticker symbols? I forgot about liability caps. Those are huge.
- olefoo 16y ago
  > Is there an exchange for senators? It's called K street, I believe. But, it's a strictly private equity game, capitalism at it's most unfettered; if you know what I mean.
  - api 16y ago
    Nit pick: actually, capitalism would be about succeeding without a government teat to suck on. :)