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by vinyl7 1312 days ago
A decade of money printing left investors with more money than they knew what to do with, so they threw it at anything related to current thing chasing the next FANG (which by the way, hasn't really happened since the last crash...probably because the startup market is saturated). It was a good thing after the 2008 crash and we needed to revive the economy, but it went on for far far too long and now we have a bunch of overvalued/unprofitable/scam companies.
1 comments

The corollary to this is that the average citizen is likely to believe that the average billionaire cheated their way into money. The recently passed prop 1 in MA is likely just the start of efforts to tax/regulate the activities of wealthy individuals.
Would the average individual be wrong about that? Is there a single billionaire who's beloved by their employees?
The costco cofounder James Sinegal is possibly the only one that comes to mind off the top of my head.
The dude who owns the company I work for is (probably) a billionaire and people who work here generally like him.

I don’t know if I’d go so far as to say beloved but he doesn’t really do anything that would make people dislike him.