Thread

1. jimbo456 · 1790253899 · focus · HN ↗

   We need to move beyond just banning these glasses - all smart glasses of all kinds - to breaking up these companies. Undo the acquisitions of Insta and Whatsapp - I don't care that will be expensive, thats a shareholders problem.

   1. howunfortunate · 1790257706 · focus · HN ↗

      > I don't care that will be expensive, thats a shareholders problem.

      "I have no empathy for the two-thirds of Americans who will lose their personal savings that they need to retire" really undermines your case.

      Edit: thoughtful tradeoffs against the stock market are reasonable. "I don't care" is not a carefully weighed tradeoff

      1. toomuchtodo · 1790261995 · focus · HN ↗

         93% of equities are held by the top 10% of households. Most middle class wealth in the US is primary residence real estate. The stock market isn’t the economy. No one is entitled to wealth, nor it maintaining it's value.

         > As of 2022, about half of households with a worker age 55 and older had no retirement savings, and 32% had no retirement savings or a defined benefit plan.

         The scaremongering about equity values and your average person’s holdings and exposure is not grounded in facts and reality. It’s simply scaremongering.

         <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=49357337">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=49357337 (citations)

Unofficial Hacker News client; not affiliated with Y Combinator.