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So a lot of today's billionaires are solidly rooted in historical imperialism and the pillaging of people and nations (i.e old money). Maybe not new YC startu
by siliconc0w 6y ago
So a lot of today's billionaires are solidly rooted in historical imperialism and the pillaging of people and nations (i.e old money). Maybe not new YC startup-billionaires but they tend to get their capital from the former. Also they tend to get a lot more compensation for their time/effort than most employees - even early ones that took similar risks and worked just as hard due to lopsided startup equity and the games played with it. Also there are entire classes of billionaires that got there through leveraging negative impacts to society they didn't have to pay for, government collusion, monopolies or other unfair business practices, or regulatory capture (due to regulations they got through bribed politicians) to think of a few.