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> instead of going into politics and then getting rich, which seems to be standard-operating-procedure these days. I can't think of a single billionaire who m
by ajross 3y ago
> instead of going into politics and then getting rich, which seems to be standard-operating-procedure these days.
I can't think of a single billionaire who made their wealth while in politics, or after. You can come out of politics and get a kushy low-seven-figure lobbying job, at best. Maybe if you were really senior (congressional leadership, VP, president) you can write a few books and give a bunch of speeches and get to the tens of millions in income, but that's as far as it goes.
Basically "politics" produces maybe 5-6 people per decade able to pull what a median FAANG acquihire founder gets. That sounds... pretty democratic to me, really.
- rsynnott 3y ago> I can't think of a single billionaire who made their wealth while in politics, or after. Common in extremely corrupt authoritarian regimes; Putin would be an obvious example. But yeah, less common in democracies; I'm struggling to think of a modern example.