When Steve Jobs died, Occupy Wall Street was in full effect. Yet those who were fighting for wealth equality and the end of the banking oligarchy held a moment of silence in honor of the Apple co-founder, who had a net worth of $7 billion.
Jobs “didn’t believe in charity," writes Joel Kotkin in The Daily Beast. Apple (AAPL) was a company that "had more cash in hand than the U.S. Treasury while doing everything in its power to avoid paying taxes...Jobs was being celebrated by those who should have been fighting against him."
Kotkin believes that tech gurus are America’s newest set of oligarchs. They hurt competition and hold great influence with government officials. They don’t create many U.S. jobs, they don’t pay much in taxes, and yet 72% of Americans express positive feelings for their industry.
Auto executives flying in private jets set the American public into a rage in 2008 and yetRead More »from Tech Titans Are the New Masters of the Universe, Be Afraid: Kotkin