2 ms·

I find your comment offensive. This is a condescending attitude that keeps people outside the financial class on the fringe and destroys their ability to take

by catcow 8y ago

I find your comment offensive. This is a condescending attitude that keeps people outside the financial class on the fringe and destroys their ability to take control of their lives. If you treat people like children they will forever remain children. As a struggling low-income millennial, FATCA and accredited investor requirements have easily set me back a decade.

mrep 8y ago
> As a struggling low-income millennial, FATCA and accredited investor requirements have easily set me back a decade. How? Are you wanting to be one of the scammers because those are practically the only people that would get rich if we got rid of these laws? Almost everyone would make less returns than an index fund and a lot would even lose more money to the scams than they would make from the good investments. There would be a few outliers who just got plain lucky but if you want to be one those people, just play the lotto or go to vegas where your odds would be better.
- catcow 8y ago
  I'm not trying to get rich. I'm just trying to survive. Making money in finance is not about luck. It takes hard, consistent, painstaking work. I have a serious disability that is not recognized as such by the government. No one will hire me. I am completely isolated from civil society. The only way I can make money and pay for my medical expenses is to start my own businesses. I can only start businesses in unregulated markets because the barrier to entry is impossibly high elsewhere. Without Uber/Lyft or cryptocurrency I would probably be dead. Like seriously not alive. Gone. Not existing anymore as a human. So when people whine about how they've been scammed because they made ignorant decisions and got involved with things that they shouldn't have, I do not feel sorry for them. They got greedy, gambled, and lost. That's on them. I am not gambling. I am making legitimate transactions with people who need my services. Just because some people scam does not mean that I am. What has happened to me just happened through no choice of my own, and it feels like regulators are doing everything they can to keep me down, all in the name of protecting people who refuse to put in the work to make wise decisions. People who have more than me. People who are healthier than me.
deleted 8y ago
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by catcow 8y ago

mrep 8y ago

> As a struggling low-income millennial, FATCA and accredited investor requirements have easily set me back a decade. How? Are you wanting to be one of the scammers because those are practically the only people that would get rich if we got rid of these laws? Almost everyone would make less returns than an index fund and a lot would even lose more money to the scams than they would make from the good investments. There would be a few outliers who just got plain lucky but if you want to be one those people, just play the lotto or go to vegas where your odds would be better.

catcow 8y ago
I'm not trying to get rich. I'm just trying to survive. Making money in finance is not about luck. It takes hard, consistent, painstaking work. I have a serious disability that is not recognized as such by the government. No one will hire me. I am completely isolated from civil society. The only way I can make money and pay for my medical expenses is to start my own businesses. I can only start businesses in unregulated markets because the barrier to entry is impossibly high elsewhere. Without Uber/Lyft or cryptocurrency I would probably be dead. Like seriously not alive. Gone. Not existing anymore as a human. So when people whine about how they've been scammed because they made ignorant decisions and got involved with things that they shouldn't have, I do not feel sorry for them. They got greedy, gambled, and lost. That's on them. I am not gambling. I am making legitimate transactions with people who need my services. Just because some people scam does not mean that I am. What has happened to me just happened through no choice of my own, and it feels like regulators are doing everything they can to keep me down, all in the name of protecting people who refuse to put in the work to make wise decisions. People who have more than me. People who are healthier than me.

deleted 8y ago

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