Skip to content

Comment on America’s 50 Largest Inherited-Wealth Dynasties Accelerate Inequality

Comments

Dynastic families have seen their wealth grow significantly during the COVID-19 pandemic
Dynastically wealthy families wield a great deal of political power, and use it to further their interests.

I've been saying this pretty much since the start of lockdowns and restrictions. For the past year, we have essentially legislated the transfer of more power and wealth to those already wealthy and powerful. When the dust starts to settle, it will become clearer just how much has changed, and maybe the theoretical questions of "was this worth it"? will become more practical.

Does "this" = low taxes on the wealthy? Or allowing lobbying?

"This" = mandating most regular folks put their lives on hold, while the rich and powerful get to continue with their schemes.

Most regular people's lives go towards making those same people wealthier and more powerful.

I'm not clear that putting those lives on hold acts in one direction or another.

That doesn't matter. You consume their content, and buy their goods. In fact, those two things have increased massively over the past year.

AboutSource Built by g1lg1l

Hackerly is an independent reader for Hacker News, built on the public HN API. Not affiliated with Y Combinator.