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Hmm, Musk, Bezos, Huang, and Zuckerberg are all younger than 65...[1] 1: https://www.newsweek.com/americas-12-richest-men-worth-combined-2-trillion-1995950 htt

Hmm, Musk, Bezos, Huang, and Zuckerberg are all younger than 65...[1] 1: https://www.newsweek.com/americas-12-richest-men-worth-combined-2-trillion-1995950 https://www.newsweek.com/americas-12-richest-men-worth-combi...

big_youth 8mo ago
They are both true? Between the ultra rich and the elderly there are scraps for everyone else.
- blacksmith_tb 8mo ago
  True - though I would say that the elderly have had a chance to earn and invest longer than the young, so it's not exactly like that's a nefarious plot. But a better tax structure would make that less glaring (same for the multibillionaires, only more so).
cucumber3732842 8mo ago
Those guys own squat compared to the assets the boomers own personally and fractionally. That said, they do get to exercise infinitely more control and power than a bunch of old people who own non-voting shares and real property that's only valuable at the whim and pleasure of the local regulators.
exabrial 8mo ago
Also Taylor Swift, Beyonce, Rihanna and may others the generation adores.
- accrual 8mo ago
  Beyonce is currently in the news for firing a stage manager of 20 years with no severance.
Barrin92 8mo ago
Total household wealth in the US is about ~170 trillion dollars. Those 12 own about 1% of all US wealth. Not shabby for a dozen people but the main issue of American society isn't the handful of people who hit the news but mostly the top 19% below them. Richard Reeves wrote a good book on the topic: https://en.wikipedia.org/wiki/Dream_Hoarders https://en.wikipedia.org/wiki/Dream_Hoarders It's the upper middle class that fills educational institutions, prevents the construction of new property, hogs most of the old property and in general has impacted the upward mobility of the lower classes. Musk has a lot of issues, but he's not really getting in the way of people getting richer themselves.
- erelong 8mo ago
  Upper middle absolutely causes a lot of problems; surprised more people aren't focused on them
  - fuzzfactor 8mo ago
    IOW alot of the parents of the young people who are complaining quite a bit themselves.
    - fuzzfactor 8mo ago
      Sorry, on HN I wasn't expecting any attention from somebody who is fully convinced that no young people have parents, or something like that.
  - lunar-whitey 8mo ago
    It’s easier for the top 10% to blame the top 0.1% and absolve themselves, in spite of the knowledge that this changes nothing. Americans especially are averse to the idea that the middle class owes anything to anyone.
- thegreatpeter 8mo ago
  All US billionaires make up like 8 trillion
SilverElfin 8mo ago
The ultra rich are also a problem. Wealth makes it easy to get wealthier. You can take unlimited risks. Copy the ideas of startups. Act in anti competitive ways. Live off loans. Etc

big_youth 8mo ago

They are both true? Between the ultra rich and the elderly there are scraps for everyone else.

blacksmith_tb 8mo ago
True - though I would say that the elderly have had a chance to earn and invest longer than the young, so it's not exactly like that's a nefarious plot. But a better tax structure would make that less glaring (same for the multibillionaires, only more so).

cucumber3732842 8mo ago

Those guys own squat compared to the assets the boomers own personally and fractionally. That said, they do get to exercise infinitely more control and power than a bunch of old people who own non-voting shares and real property that's only valuable at the whim and pleasure of the local regulators.

exabrial 8mo ago

Also Taylor Swift, Beyonce, Rihanna and may others the generation adores.

accrual 8mo ago
Beyonce is currently in the news for firing a stage manager of 20 years with no severance.

Barrin92 8mo ago

Total household wealth in the US is about ~170 trillion dollars. Those 12 own about 1% of all US wealth. Not shabby for a dozen people but the main issue of American society isn't the handful of people who hit the news but mostly the top 19% below them. Richard Reeves wrote a good book on the topic: https://en.wikipedia.org/wiki/Dream_Hoarders https://en.wikipedia.org/wiki/Dream_Hoarders It's the upper middle class that fills educational institutions, prevents the construction of new property, hogs most of the old property and in general has impacted the upward mobility of the lower classes. Musk has a lot of issues, but he's not really getting in the way of people getting richer themselves.

erelong 8mo ago
Upper middle absolutely causes a lot of problems; surprised more people aren't focused on them
- fuzzfactor 8mo ago
  IOW alot of the parents of the young people who are complaining quite a bit themselves.
  - fuzzfactor 8mo ago
    Sorry, on HN I wasn't expecting any attention from somebody who is fully convinced that no young people have parents, or something like that.
- lunar-whitey 8mo ago
  It’s easier for the top 10% to blame the top 0.1% and absolve themselves, in spite of the knowledge that this changes nothing. Americans especially are averse to the idea that the middle class owes anything to anyone.
thegreatpeter 8mo ago
All US billionaires make up like 8 trillion

SilverElfin 8mo ago

The ultra rich are also a problem. Wealth makes it easy to get wealthier. You can take unlimited risks. Copy the ideas of startups. Act in anti competitive ways. Live off loans. Etc