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by nocorpwelfare 2281 days ago
This is acceptable as long as the billionaires all take big haircuts this time. In 2008, they paid themselves huge bonuses while Main St. got evicted. Not happening this time!

Pitchforks, torches, and nooses if necessary.

2 comments

You're welcome to participate on HN, but please don't use it for political warfare. That's destructive of the intellectual curiosity this site attempts to organize around. This is in the site guidelines, which we'd appreciate if you'd read and follow: https://news.ycombinator.com/newsguidelines.html.

Also, it's not great to use a politically provocative username. That ends up having a politically provocative effect on every thread the account posts to. If you want to stick around and use HN as intended, we can rename the account for you if you email hn@ycombinator.com.

Do you have some data to back up the theory that they all paid themselves huge bonuses? Most billionaires lost huge amounts of money as their wealth was in the market and in real estate so when that crashed so did their net worth. The ones who paid themselves bonuses were the wall street bankers who received bailouts from TARP. To be clear less then 20% of the worlds billionaires made their fortunes via finance.
https://www.nytimes.com/2009/07/31/business/31pay.html

> Thousands of top traders and bankers on Wall Street were awarded huge bonuses and pay packages last year, even as their employers were battered by the financial crisis.

> Nine of the financial firms that were among the largest recipients of federal bailout money paid about 5,000 of their traders and bankers bonuses of more than $1 million apiece for 2008, according to a report released Thursday by Andrew M. Cuomo, the New York attorney general.

> At Goldman Sachs, for example, bonuses of more than $1 million went to 953 traders and bankers, and Morgan Stanley awarded seven-figure bonuses to 428 employees. Even at weaker banks like Citigroup and Bank of America, million-dollar awards were distributed to hundreds of workers.

The amount of economic waste involved in people having silly arguments over their perceptions of reality would likely be a horrifying large number if one was to see it.

If a million, a billion, and a trillion are all equal, or equal to whatever big number you want them to be at any given moment, then what's the point of discussing anything?
Is this in reference to my comment? If so, I'm not seeing what you're getting at...