Hacker News with Generative AI: Billionaires

The Stone Soup Theory of Billionaires (asomo.co)
In recent years there’s been a strong outbreak of the Great Man Theory of History. This is the idea that single powerful or inspired men - literally men - create history and should be adored, or, on the flip side, reviled.

Billionaires, History, Economics, Social Commentary

11 points by Dogwash24 4 days ago | 6 comments

Elon Musk's PAC spent an estimated $200M to help elect Trump (apnews.com)
WASHINGTON (AP) — Elon Musk’s super PAC spent around $200 million to help elect Donald Trump, according to a person familiar with the group’s spending, funding an effort that set a new standard for how billionaires can influence elections.

Politics, Elections, Billionaires, Super PACs

9 points by donsupreme 8 days ago | 1 comments

America's billionaires are worth a record $6T (usatoday.com)
America’s billionaires are now collectively worth a record $6 trillion. Their wealth has more than doubled since the passage of the landmark Tax Cuts and Jobs Act in 2017.

Economy, Wealth, Billionaires, Taxes

9 points by paulpauper 8 days ago | 3 comments

Jeff Bezos, Elon Musk and the Billions of Ways to Influence an Election (nytimes.com)
The world’s richest men have their own rocket fleets, their own media and their own schemes to succeed with Donald J. Trump.

Politics, Elections, Billionaires, Media, Influence

12 points by 2OEH8eoCRo0 22 days ago | 1 comments

You May Be Paying a Higher Tax Rate Than a Billionaire (propublica.org)
The very richest Americans win at the tax game no matter which measure you use. ProPublica has published an article, based on a vast trove of never-before-seen IRS information, that reveals the pittance in taxes the ultrawealthy pay compared with their massive wealth accumulation.

Taxes, Wealth Inequality, Finance, Billionaires

16 points by rurp 26 days ago | 10 comments

Of course we can tax billionaires (pluralistic.net)
Billionaires are pretty confident that they can't be taxed – not just that they shouldn't be taxed, but rather, that it is technically impossible to tax the ultra-rich.

Taxation, Billionaires, Wealth Inequality

19 points by ssklash 36 days ago | 8 comments

San Francisco's Next Election Is a Referendum on Billionaires (buttondown.com)
San Francisco’s Next Election Is a Referendum on Billionaires

Politics, San Francisco, Billionaires, Referendums

6 points by giraffe_lady 51 days ago | 0 comments

Epic's 81-Year-Old Billionaire to Keep Her Health Data Empire Private Forever (forbes.com)

Health, Business, Privacy, Billionaires, Tech

3 points by 0xa2 52 days ago | 1 comments

Billionaires and the Evolution of Overconfidence (forkingpaths.co)
To understand billionaires, you need to understand horizontal inequality, illusory control, self-selection bias, quantified self-worth, and the evolution of overconfidence.

Billionaires, Psychology, Inequality, Self-Perception, Overconfidence

16 points by onemoresoop 70 days ago | 5 comments

The Texas Billionaire Who Has Greenpeace USA on the Verge of Bankruptcy (wsj.com)

Greenpeace, Environmentalism, Texas, Billionaires, Lawsuits

10 points by JumpCrisscross 74 days ago | 2 comments

Kiwi billionaire Peter Thiel eyes possible shift to New Zealand (nzherald.co.nz)

New Zealand, Billionaires, Immigration

12 points by timack 93 days ago | 6 comments

Billionaire Carl Icahn settles for using company to secure personal loans (westerninvestor.com)

Finance, Business, Billionaires, Loans

4 points by voisin 94 days ago | 0 comments

Billionaires and the Evolution of Overconfidence (forkingpaths.co)