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None of that applies to individually wealthy people, who have a long history of going bankrupt.

by kortilla 8mo ago

overfeed 8mo ago
Who was the last billionaire that went bankrupt, involuntarily?
- linkregister 8mo ago
  this is so trivial to find that the first web search hits are pop news listicles. Here's the first result. https://finance.yahoo.com/news/10-billionaires-went-broke-154453290.html https://finance.yahoo.com/news/10-billionaires-went-broke-15...
  - overfeed 8mo ago
    On the list: people who were convicted of crimes[1], and were barely billionaires (not worth tens or hundreds of billions). 1. Against rich/powerful people
    - linkregister 8mo ago
      The definition of a billionaire is someone with a net worth exceeding one billion dollars.
      - overfeed 8mo ago
        I am aware; "barely" is exclusively used to describe items that surpass the threshold. I don't even know thr point you're arguing as the intro to the listicle concurs with my main argument: >> It is very rare for a person to achieve the status of billionaire and then lose it.
  - jiggawatts 8mo ago
    "Filed for bankruptcy" != "out of money" in the ordinary plebeian sense. These are the kind of criminals where the judges will let them stay under home arrest in their twenty-bedroom mansion, have their chauffeur drive them around in a car worth more than my entire life savings, etc... because it would be "unconscionable" for them to lose the life that they're accustomed to. I.e.: Affluenza. Just look at Prince Andrew or whatever he's called now. He raped children and his rightful punishment would be to sit in a jail cell with no access to anything even resembling his lavish digs, instead he's luxuriating in a lifestyle you and I would envy. I can list far, far more examples of billionaires or mere hundred-millionaires living luxuriously after committing capital crimes or "going bankrupt" than not. Find me an ex-billionaire living out of a motor home, then I'll cede your point.
    - antonvs 8mo ago
      > These are the kind of criminals where the judges will let them stay under home arrest in their twenty-bedroom mansion… Another egregious example of this sort of thing: > Robert H. Richards IV was convicted of rape, the wealthy heir to the Du Pont family fortune […] received an eight-year prison sentence in 2009 for raping his toddler daughter, but the sentencing order signed by a Delaware judge said “defendant will not fare well” in prison and the eight years were suspended. — https://www.cnn.com/2014/04/02/justice/delaware-du-pont-rape-case https://www.cnn.com/2014/04/02/justice/delaware-du-pont-rape... Talk about a two-tier justice system.
fzeroracer 8mo ago
Which ones? The Sacklers are a prime example of how impossible it is to actually go bankrupt; considering they harmed millions of people, had the government step in and still remain one of the wealthiest families in the US.
- linkregister 8mo ago
  x=1 when n=1, therefore all x=n
  - deleted 8mo ago
    [deleted]

None of that applies to individually wealthy people, who have a long history of going bankrupt.

overfeed 8mo ago

Who was the last billionaire that went bankrupt, involuntarily?

linkregister 8mo ago
this is so trivial to find that the first web search hits are pop news listicles. Here's the first result. https://finance.yahoo.com/news/10-billionaires-went-broke-154453290.html https://finance.yahoo.com/news/10-billionaires-went-broke-15...
- overfeed 8mo ago
  On the list: people who were convicted of crimes[1], and were barely billionaires (not worth tens or hundreds of billions). 1. Against rich/powerful people
  - linkregister 8mo ago
    The definition of a billionaire is someone with a net worth exceeding one billion dollars.
    - overfeed 8mo ago
      I am aware; "barely" is exclusively used to describe items that surpass the threshold. I don't even know thr point you're arguing as the intro to the listicle concurs with my main argument: >> It is very rare for a person to achieve the status of billionaire and then lose it.
- jiggawatts 8mo ago
  "Filed for bankruptcy" != "out of money" in the ordinary plebeian sense. These are the kind of criminals where the judges will let them stay under home arrest in their twenty-bedroom mansion, have their chauffeur drive them around in a car worth more than my entire life savings, etc... because it would be "unconscionable" for them to lose the life that they're accustomed to. I.e.: Affluenza. Just look at Prince Andrew or whatever he's called now. He raped children and his rightful punishment would be to sit in a jail cell with no access to anything even resembling his lavish digs, instead he's luxuriating in a lifestyle you and I would envy. I can list far, far more examples of billionaires or mere hundred-millionaires living luxuriously after committing capital crimes or "going bankrupt" than not. Find me an ex-billionaire living out of a motor home, then I'll cede your point.
  - antonvs 8mo ago
    > These are the kind of criminals where the judges will let them stay under home arrest in their twenty-bedroom mansion… Another egregious example of this sort of thing: > Robert H. Richards IV was convicted of rape, the wealthy heir to the Du Pont family fortune […] received an eight-year prison sentence in 2009 for raping his toddler daughter, but the sentencing order signed by a Delaware judge said “defendant will not fare well” in prison and the eight years were suspended. — https://www.cnn.com/2014/04/02/justice/delaware-du-pont-rape-case https://www.cnn.com/2014/04/02/justice/delaware-du-pont-rape... Talk about a two-tier justice system.

fzeroracer 8mo ago

Which ones? The Sacklers are a prime example of how impossible it is to actually go bankrupt; considering they harmed millions of people, had the government step in and still remain one of the wealthiest families in the US.

linkregister 8mo ago
x=1 when n=1, therefore all x=n
- deleted 8mo ago
  [deleted]