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" ... Another Bitcoin adopter jolted into action by the pandemic is $483 million (sales) business intelligence software company MicroStrategy. Michael Saylor, the 55-year-old chief executive of the publicly traded company, spent $1.1 billion buying Bitcoin in 2020, borrowing $650 million of it. The digital asset, currently worth $2.6 billion, sits on the Tysons Corner, Virginia–based company’s balance sheet alongside more mundane stores of value like Treasury bills. Saylor, outspoken and controversial since he briefly became a multibillionaire during the first internet bubble in 1999, sees it as a hedge against the federal government’s easy-money policy, which he figures is devaluing the dollar at a rate of 15% per year. ... "
" ... Becoming wealthy and a multibillionaire is great. It's the American way. The United States is one of the few places in the world where you can start out with nothing or immigrate from another country and become highly successful and rich. People, like Bezos, Musk, the founders of Google and Apple (as well as similar titans of industry), often offer valuable services and products that benefit consumers and make our lives easier and more productive. It's not the wealth in itself that’s troubling. The fear is that a small group of people are now controlling the lion's share of wealth, power, political connections and control, while the vast majority of the population is either just getting by or hanging on by their fingernails. ... "
" ... Jack Ma, the multibillionaire founder of tech companies Alibaba and Ant Group, went missing after criticizing China’s financial system by calling for changes and reforms. Since he’s made these comments, Ma has not been seen in public for about two months. ... "
" ... My inbox was filled with statements from purportedly nonpartisan outfits celebrating Biden’s victory. The Emerson Collective, bank-rolled by multibillionaire founder Laurene Powell Jobs, blasted out a statement from Jobs cheering Biden’s “remarkable breadth of support from across the nation,” asserting that “we now have the opportunity to work for the systemic solutions we know we need,” and allowing “we will let out the breath we have been holding in for so long.” ... "
" ... Over the past few decades, the tax code has favored the wealthy. During the late 1980s, President Ronald Reagan drastically reduced the tax rates for top earners, but the top income levels remained the same. The result is that under the current tax code, the same tax rate could apply to both the CEO of a "mom and pop" store and the CEO of a multibillionaire company. ... "