4 ms·
I realize the guy is getting downvoted for being so callous, but I agree with the sentiment. You earn what people are willing to pay you, and generally people o
by skizm 9y ago
I realize the guy is getting downvoted for being so callous, but I agree with the sentiment. You earn what people are willing to pay you, and generally people only pay for things if they get something in return.
In theory the bank literally provided so much value to the country that when the citizens could not pay to keep the institution going the government stepped in and paid to keep them in business.
Also I'd argue the original point was that "earn" means someone is willing paying you, meaning the bank robber example doesn't apply.
/2cents
- TimJYoung 9y agoYou should really do some more reading on what exactly transpired leading up to, and during, the bank meltdowns in 2008-2009. The banks "provided value" like a person with a gun to your head is "providing life".
- mturmon 9y ago"earn what people are willing to pay you, and generally people only pay for things if they get something in return" I'm sorry, no: this is taking some Econ 101 assumptions about supply and demand curves, and turning them around and claiming them as obvious empirical truths. In my experience, people are also willing to pay whatever other people are willing to pay for something. It's not always rational, and cartels and monopolies are major, perhaps dominant, parts of our economic system.