The Enormous Power of the New Plutocracy: This Is How Our Billionaire Life and Democracy Are Conditioned Like Musk, Bezos or Zuckerberg

El Pais

Lean Left

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On May 5, 1789, King Louis XVI of France inaugurated the General States. The institution met that year with the aim of addressing the problem of galloping inflation and bankruptcy in the accounts of the monarchy, indebted to the eyebrows for lack of income. It is that neither the nobility nor the clergy paid taxes. Not because they lacked the money. If they did not pay it was for something simpler and absurd: that was their privilege.