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> That’s partly testament to long-standing advantages vast wealth affords. Bolstered by years of strategic diversification and family offices that can rival inv
by ed25519FUUU 6y ago
> That’s partly testament to long-standing advantages vast wealth affords. Bolstered by years of strategic diversification and family offices that can rival investment banks in their scope and sophistication, the 0.001% can weather economic and social turmoil.
Interesting how this article points to their tactic being some kind of sophisticated investing strategy, and not the federal reserve bailing out stocks and lowering interest rates to prop up property prices.
The whole article reads like a desperate attempt to keep people from realizing our own government props up these rich families at taxpayer expense.
- cosmiccatnap 6y agoYour fallacy is in assuming that because we are talking about A it requires us to acknowledge B. Both are problems but one is the root cause. How do you think they accumulate the power needed to bankroll legislation to their advantage in the first place?