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I believe the problem comes when finance does unethical things to maximise profits. Outside of finance for example, I'm fine with everyone trying to get the hi
by blowski 10y ago
I believe the problem comes when finance does unethical things to maximise profits.
Outside of finance for example, I'm fine with everyone trying to get the highest salary they can. But if you do it by telling lies about your colleagues then you don't deserve it. You earn a payrise by adding value to the production line, not by elbowing people out of the way so you take more than your fair share.
This applies to finance. If you're adding value to the system, you deserve your millions. If you're just exploiting loopholes and golf-buddy connections to move money into your bank account, then you deserve all the vitriol that comes your way.
- untilHellbanned 10y agoPlease give an example of a finance guy adding value to the system.
- lucozade 10y ago> Please give an example of a finance guy adding value to the system Finance guys lend money to relatively impoverished inventors to bring their inventions to fruition. Finance guys make deals with corporations to remove financial risks e.g. foreign exchange, interest rate, corporate default, that the corporation doesn't have the expertise to be exposed to. Finance guys insure me against certain catastrophic events that would bankrupt my family should they occur uninsured. I've also heard that finance guys keep the white, fluffy cat and secret volcano residence franchises afloat but that may be apocryphal.
- untilHellbanned 10y agohttps://news.ycombinator.com/item?id=12577405 https://news.ycombinator.com/item?id=12577405