This Is the Problem With Oligarchy Right Here - The American Prospect
In an opinion column for The American Prospect, Ryan Cooper takes the sudden resignation of Nvidia CEO Jensen Huang — after leaked affairs, including one with a Chinese spy he allegedly used to smuggle chips into China — as an object lesson in oligarchy: the scandal wiped out some $800 billion in market value, and a divorce could leave Lori Huang, a decent person by all accounts, roughly the 30th-richest person in the world. Cooper cites Nicole Shanahan's billion-dollar divorce settlement and funding of Robert Kennedy Jr. to argue that billionaires' indiscretions can have world-historic consequences, and says taxing billionaire fortunes out of existence would prevent disasters like Pennsylvania babies dying of measles.
