Message from @Dr.Wol
Discord ID: 470654179434692611
But 80 billion is a mind boggling amount
be played very dirty, and destroyed other companies in the process
but in the end, he did deserve it
What's the metric for 'deserve'?
did he do criminal acts that he hasn't attoned for?
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
after he destroyed Netscape
¯\_(ツ)_/¯
he didn't steal it,
didn't con it
all the money he earned is from people willing to work for him at their salaries,
and consumers willing to pay for his product
Ultimately thats true, or at least close enough to the truth
Which is why i said in the capitalist system it ultimately doesnt matter if you 'deserve' it, thats how the system works
exactly
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.
well tahts the beauty of capitalism,
People decide themselves if they want it
nobody is forcing people to buy the best graphics cards etc for their pc
or most fancy iphones
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
¯\_(ツ)_/¯
More favorable example for the non-capitalists is predatory lending
It's legal, you sign the loan, you can read the letter of what you're being offered, and accept it
But it's certainly not contributing to society to have alot of people bait people into predatory loans, and then profit off their misfortune.
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
there can't always be a protector/parent/nanny around
Its like Thomas Sowell said, something along the lines of
"You can't subsidise stupidity, and expect people to become more responsible"
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.
true
I think that is a big issue that isn't factored in schools
Ultimately though, Yeah, you cant cure stupid.
you might be able to cure it, by letting people fall, and climb back up
or well, not stupid, Recklessness
Im not sure i'd call it reckless
Alot of predatory loans come in the form of payday loans and such
People cant quite make ends meet, they take the loan, they inevitably fail to pay it quite on time
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
by thinking "oh this will fix my issues, *sign*"
Well they probably figure they can pay it in time
But then they fail, and the penalty is very high.
Payday loans have interest rates approaching 30%~
I think ive seen even higher.