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Honest question: we have unlimited examples of corporations run amok. What examples of law abiding billionaires run amok have we lately? I'm sure they exist but
by jammygit 8y ago
Honest question: we have unlimited examples of corporations run amok. What examples of law abiding billionaires run amok have we lately? I'm sure they exist but all I can think of is funding ventures that harm the public good (eg, taking all the nice beach front property, lobbying for oil and gas subsidies, legal bribery, or in an extreme case funding extremist organizations).
Most of the excesses seem to be a matter of not outlawing bad things. Is the wealth itself actually harming anybody?
Edit: I guess there is the snowball effect where previous winners have competitive advantages in new competitions, or else outright rent seeking behaviours. I'm also curious about those aspects.
- deleted 8y ago[deleted]
- c256 8y agoIt’s not billionaires, but: search the internet for “college admissions scandal”. Note that the people involved already have better schools, more free time for extracurriculars, tutors, test prep, better environmental factors, etc.