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Comment by Retric | Hacker News Reader

It's not that it's easier to make money scamming poor people. It's just easier to make money scamming people period.

Rich people and poor people tend to fall for the exact same scams. The Vast majority of VC's are really running get quick scams to separate people / institutions with money from it. And if you dig into it so is much of the banking sector.

EX: Morgage backed security's are really AAA. See savings and loan crisis part 237: http://en.wikipedia.org/wiki/Savings_and_loan_crisis Yes, the banking sector collapsed twice in 15 years, look out 2020. Or roll back to the stock market crash of 1973-74 where the dow lost over 45% of its value. Followed by 14% annual inflation!

Budweiser is a classic example of non scam product targeting that demographic. And there plenty of others. Just think bingo card creator not twitter.

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> The Vast majority of VC's are really running get quick scams to separate people / institutions with money from it.

What you're saying is a calumny against VC's. VC's have helped create plenty of businesses and assets that investors value and have poured money into - like the whole Bitcoin ecosphere. Why, I have heard the top VC's, angels, and even YCombinator high mucky mucks raving about Bitcoin. If people listened to you, they might not pour their money into such valuable assets like Bitcoins.

Was that sarcasm?

Budweiser is swill that passes for beer in the USA, because it is cheaper than what most of the world recognizes as beer -- until savvy people made microbrews popular in USA, and they are not in grocery stores.

http://crookedtimber.org/2007/05/10/in-praise-of-budweiser-c...

You're being downvoted because America produces plenty of fine beer domestically, not just microbrews but major brands like Samuel Adams as well.

The Boston Beer Company (maker of Samuel Adams) is still technically a craft/micro brewery, since they produce (intentionally) less than 6 million barrels annually. The entire craft brew industry produces less than 8% of all domestic beer.

Calling Sam Adams a "major brand" is a bit of a stretch.

>what most of the world recognizes as beer

All over the world you can find people drinking similar lagers. Bubbly, mild flavor, easy to drink. They have mainstream appeal. Quilmes, Singha, Asahi, King Fisher, Labatt, Skol, Tsingtao, etc. There are too many to name. You can find at least one in every country I've been to. I would say Budweiser is one of the better examples of this style.

Where I come from, people call Budweiser "sulandirilmis at sidigi" which translates as "watered-down horse piss."

Which bums me out because I don't mind the taste!

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