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by olefoo 5804 days ago
The billionaire welfare class would be the ones who:

1. have their liabilities capped by statute (see BP, GE, Peabody, etc. )

2. have their debts made whole by government action (see most financial companies in 2008)

3. have ownership of or share fractional ownership in a US Senator

4. Are the beneficial owner of a defense contractor.

5. from a long way off look like oligarchs

1 comments

#3 made me LOL

Is there an exchange for senators? Do they have ticker symbols?

I forgot about liability caps. Those are huge.

> Is there an exchange for senators?

It's called K street, I believe. But, it's a strictly private equity game, capitalism at it's most unfettered; if you know what I mean.

Nit pick: actually, capitalism would be about succeeding without a government teat to suck on. :)