19 February 2022

Quote of the Day

These people want to be treated both as the financial leaders of the future and as cutesy “aw shucks, they’re just like you and me” artisans. They want to keep doing cool parties with confused celebrities and have their wealth and power totally unscrutinized.

To be completely clear, this is identical to how every massively wealthy person operates. The ultra-rich use varying means to obfuscate or entirely hide their wealth or use obtuse mechanisms within the tax code to escape liability. They create networks of shell corporations to hide money - something the average person does not have the means to do, of course - and then get mad when that source of money is revealed.

Ed Zitron

(Emphasis Original)

Mr. Zitron is talking about the incomprehensible (to me, at least, they appear to be a brazenly transparent scam) of the Bored Ape Yacht Club, but this is also the behavior of the rich more generally. 

This is a destructive pathology shared by many, if not most, of the wealthy.

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