Message from @Dr.Wol

Discord ID: 470654179434692611


2018-07-22 18:05:38 UTC  

But 80 billion is a mind boggling amount

2018-07-22 18:05:38 UTC  

be played very dirty, and destroyed other companies in the process

2018-07-22 18:06:10 UTC  

but in the end, he did deserve it

2018-07-22 18:06:23 UTC  

What's the metric for 'deserve'?

2018-07-22 18:06:38 UTC  

did he do criminal acts that he hasn't attoned for?

2018-07-22 18:06:57 UTC  

he violated certain anti-trust laws, and went to court, with the courts finding him guilty, and forcing him to give up his CEO position

2018-07-22 18:07:08 UTC  

after he destroyed Netscape

2018-07-22 18:07:32 UTC  

¯\_(ツ)_/¯

2018-07-22 18:07:35 UTC  

he didn't steal it,
didn't con it

2018-07-22 18:07:53 UTC  

all the money he earned is from people willing to work for him at their salaries,
and consumers willing to pay for his product

2018-07-22 18:08:25 UTC  

Ultimately thats true, or at least close enough to the truth

2018-07-22 18:08:59 UTC  

Which is why i said in the capitalist system it ultimately doesnt matter if you 'deserve' it, thats how the system works

2018-07-22 18:09:04 UTC  

exactly

2018-07-22 18:09:24 UTC  

Whether you contribute to peoples lives or not, so long as you managed to make the money within the letter of the law, the system accepts that.

2018-07-22 18:09:44 UTC  

well tahts the beauty of capitalism,

People decide themselves if they want it

2018-07-22 18:09:54 UTC  

nobody is forcing people to buy the best graphics cards etc for their pc

2018-07-22 18:10:01 UTC  

or most fancy iphones

2018-07-22 18:10:40 UTC  

the people decide what they want to buy

And if the market offers, people can buy it
If the market isn't there and people want it, Someone will get funding to get into that market and people will buy it

2018-07-22 18:11:02 UTC  

¯\_(ツ)_/¯

2018-07-22 18:11:24 UTC  

More favorable example for the non-capitalists is predatory lending

2018-07-22 18:11:40 UTC  

true

2018-07-22 18:11:40 UTC  

It's legal, you sign the loan, you can read the letter of what you're being offered, and accept it

2018-07-22 18:12:16 UTC  

But it's certainly not contributing to society to have alot of people bait people into predatory loans, and then profit off their misfortune.

2018-07-22 18:12:43 UTC  

thats a grey area for me

Because it sucks when people get suckered into that and become endebted

On the other hand, those people are adults, they should be responsible

2018-07-22 18:12:54 UTC  

there can't always be a protector/parent/nanny around

2018-07-22 18:13:34 UTC  

Its like Thomas Sowell said, something along the lines of
"You can't subsidise stupidity, and expect people to become more responsible"

2018-07-22 18:13:45 UTC  

I agree with the last bit, but i feel like this is a good example of where regulation is warranted. Stoping it entirely probably isnt worth it, but making it harder to do, and trying to inform people if they're being suckered is good.

2018-07-22 18:13:54 UTC  

true

2018-07-22 18:14:08 UTC  

I think that is a big issue that isn't factored in schools

2018-07-22 18:14:14 UTC  

Ultimately though, Yeah, you cant cure stupid.

2018-07-22 18:14:43 UTC  

you might be able to cure it, by letting people fall, and climb back up

2018-07-22 18:14:54 UTC  

or well, not stupid, Recklessness

2018-07-22 18:15:16 UTC  

Im not sure i'd call it reckless

2018-07-22 18:15:27 UTC  

Alot of predatory loans come in the form of payday loans and such

2018-07-22 18:15:43 UTC  

People cant quite make ends meet, they take the loan, they inevitably fail to pay it quite on time

2018-07-22 18:16:21 UTC  

yeah but i meant it in the sense of, stupid people will always be stupid,
But they can be careful and not dive stupidly into such deals

2018-07-22 18:16:34 UTC  

by thinking "oh this will fix my issues, *sign*"

2018-07-22 18:16:49 UTC  

Well they probably figure they can pay it in time

2018-07-22 18:17:18 UTC  

But then they fail, and the penalty is very high.

2018-07-22 18:17:28 UTC  

Payday loans have interest rates approaching 30%~

2018-07-22 18:17:38 UTC  

I think ive seen even higher.