Investors: "rich people deserve to be rich because they take risks by investing"
Government: *bails out bank's clients but not the investors*
Investors:
Investors: "rich people deserve to be rich because they take risks by investing" 22 comments
@rgulick @malwaretech I think the problem is the resulting panic starts a tsunami - and if the person on the street don't make payroll or some other thing - they'll shoot first and ask questions later. @rgulick @malwaretech Rich people take risks by investing because they have money they can take risks with. What happens in Vegas, stays in Vegas, isn't it? @malwaretech anyone that say rich people "deserves" to be rich isn't serious. I don't mind people being rich, but I also don't see it as a problem if they lose money. @ekg @malwaretech @malwaretech @malwaretech only issue I have is that there are pension funds and other saving funds that invest in these doomed to fail schemes. The funds take massive bonuses when the scheme "increases in value" but it's the man on the street holding the can when the thing goes south. @malwaretech This is why I have a strict hierarchy in mind when the conversation about bankruptcy comes up. Paid back/off in this order: No bonuses or other compensation can be an exception. The people who explicitly took the risks should be the ones most likely to lose when things go South. @malwaretech also, the only people who can invest in the first place are those who are already rich. The richer they are, the more exclusive investment opportunities they get, i.e. opportunities that are simply not available to anyone who's not extremely rich. @malwaretech rich people are only rich because they fixed the game, when that fails they always fall back on the very government they abuse, degrade, refuse to pay into & actually pay other people to constantly break the governments power down so they can hurt people & get richer through environmental destruction so they don't have to work too hard at making what they do, because working smarter & safer is a mugs game that cuts into the profit margins too much. @malwaretech SOME rich people have earned their wealth others have been given wealth. Trump was gifted $400,000,000 by his corrupt/racist father before he was old enough to work, not to mention - take risks to become wealthy. @malwaretech this is how it should be the government should **never** bail out investors |
@malwaretech
Yup. It ain't a risk if there's a safety net.