Billionaires or Democracy: Choose One

mentalgear 15 points 3 comments October 29, 2026
www.thenation.com · View on Hacker News

Discussion Highlights (3 comments)

mentalgear

> the billionaires complaining about Prop 40’s one-time 5 percent tax have seen their wealth surge by an average of 65 percent during the past 20 months and have paid only 0.26 percent of their wealth in state income taxes over five recent years. But the opposition’s playbook has nothing to do with morality or the merits. It is about whether concentrated wealth can override the will of the majority and drown out our votes.

FrankWilhoit

False choice. The actual choices are two: 1. between capitalism and the rule of law 2. between technology and tradition

metalman

Actualy it's both, Billionaires Democracy : who ever has the most money gets the biggest vote.

Semantic search powered by Rivestack pgvector
10,991 stories · 103,785 chunks indexed