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If your lower end is someone who would be placed into financial hardship by losing 50% of their net worth and your higher end is Elon Musk, you use only the two
by davesque 9y ago
If your lower end is someone who would be placed into financial hardship by losing 50% of their net worth and your higher end is Elon Musk, you use only the two most extreme examples to make your point. There are plenty of lower-tier rich (millionaires) who would stand to gain far more and lose far less (relatively speaking) than the average person by taking risks.
Also, I'm not really sure just what point you're trying to make. Much of what you say seems to corroborate the author's opinion.
- colemannugent 9y ago" someone who would be placed into financial hardship by losing 50% of their net worth" would include most people in my estimation. Since privilege is relative, I used someone who is privileged relative to most people. The author claimed that "only the privileged can take risks", I demonstrated a situation where that isn't true. Aside from that sentence, I mainly agreed with the author.
- sidlls 9y agoThe lower end extreme on this scale isn't financial hardship for risking 50% of net wealth, it's someone who has no net wealth and little income. In America especially that person's risk profile typically includes "avoid getting a cold" and "start a business" barely registers as a thing.