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575 points gausswho | 1 comments | | HN request time: 0s | source
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John23832 ◴[] No.44509670[source]
What consumer does this serve at all? What citizen does this serve at all?

This only serves to allow firms to erect effort barriers to keep rent seeking fro their customers. The "gotcha" that the Khan FTC didn't "follow the rules making process" is parallel construction.

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thrance ◴[] No.44509742[source]
It serves the current administration's in-group: the ultra-wealthy.
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marcusverus ◴[] No.44512499[source]
Why would the ultra-wealthy be this administration's in-group? Trump won voters with under 100K income, while Harris won those over 100K.[0] Among high-net-worth individuals, Harris had a 10 point lead among those with $1-5mm in net worth and a ~2 point lead with those >$5m, according to the only polling I could find that specifically targeted high-net-worth individuals.[1] It's possible that the "ultra-wealthy" buck this trend, but I haven't seen any data that suggest such a thing.

[0] https://ropercenter.cornell.edu/how-groups-voted-2024

[1]https://www.independent.co.uk/news/world/americas/us-politic...

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TheCoelacanth ◴[] No.44512924[source]
Trying to extrapolate the behavior of people with $100 billion from the behavior of people with $5 million is clearly nonsense. That's as big of a difference as between someone who makes $20 million per year and someone at the global extreme poverty line of $2.66 per day.

Of the five richest people in the world, 80% were personally sitting right behind Trump at his inauguration.

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1. sssilver ◴[] No.44513277[source]
More like “five richest people in the US according to their tax returns”. Nobody has counted the money of the Saudi Prince, the president of Russia, and a few dozen other characters like these.

Intuitively it feels like their wealth would eclipse Elon Musk.