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ck2yesterday at 4:43 PM1 replyview on HN

yeah but America 1926 didn't have a billion dollars a day being extracted from the economy by a totally useless war (that is going to start again in 60 days)

or a President extracting billions from his own government for a plane, golf, inexplicable illegal destruction and renovations to national sites

the government was also not purposely imploding academia, science and medicine

there are also now over a THOUSAND billionaires "silo-ing" their wealth, barely paying any taxes and trying to eliminate the cost of employing anybody

we cannot recover this decade, maybe not even next century, and that assumes this horror show doesn't have a "part 2"


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Schiendelmanyesterday at 4:46 PM

You might be surprised to hear that wealth concentration was worse a hundred years ago than it is now. It's very easy to assume otherwise when the numbers are so much larger now across the board.

https://americanbusinesshistory.org/superwealth-a-historical...

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