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by swiftcoder 28 days ago
> That requires explanation of a mechanism that would generate wealth for yourself (and your selected friends) and no one else

I mean, there are a bunch of direct mechanisms for that, from the legal (preferred stock classes), through the grey (letting your buddies invest pre-IPO), to the less-legal (insider trading)

Sitting on a bunch of real estate in a desirable location like NYC isn't a bad mechanism either.