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‘This isn’t the first time industrialists have turned to handouts. One year before the nation would collapse in the Great Depression, the world’s first billionaire gave out dimes to schoolchildren.’ www.wsj.com/economy/musk...

wsj.comBillionaires Stave off the Pitchforks With Payouts to One Kid at a TimeSince John D. Rockefeller handed out dimes, the world’s richest have given away their money in very different ways. Now they are bypassing charity—and writing a new social contract.

24/10/26, 5:09 pm86 reposts235 likes

Mr.Eddie8976

@mreddie8976.bsky.social

Yes, but at least *those* billionaires were willing to at least give some of their money away Carnegie gave away 90% of his wealth during his lifetime. He built universities, libraries, etc. How much philanthropy are Musk, Zukerberg, and all the rest of the billionaire bros doing? ANY????

father-hennepin.bsky.social

@father-hennepin.bsky.social

Yeah giving each child in the US $160 is not going to stave off pitchforks. It’s actually an insultingly low amount of bribe. Also, aren’t there liquidity restrictions on the share?

Casual Observer

@casualobserver2.bsky.social

Imagine the world's first trilloinaire giving anything to those in need. Bastard

nonrev

@nonrev321.bsky.social

Watch out for this. At some point the oligarchs will realize the tide in congress is turning against their astronomical wealth and they will try and smooze their way into the publics sympathy. Don't let them do it

Chicago Will Win

@confunctionist.bsky.social

Here, have a hit.