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So you think only the rich should be allowed to start their own company too? Quitting a job without having another one lined up is also pretty risky. This argu
by magila 8y ago
So you think only the rich should be allowed to start their own company too? Quitting a job without having another one lined up is also pretty risky.
This argument taken to its logical conclusion leads to serfdom. You might even say it's The Road to Serfdom.
- tryptophan 8y agoStarting a company requires lots of money up-front, which poor people don't have anyways. Investing in a high risk startup could theoretically be done for like $100 to buy .0001% if regulations encouraged this sort of thing. It's the ease of access to things people don't understand and could lose all their money on that these regulations are meant to combat. I feel like your argument is very "assume spherical cow", but I take a more pragmatic "this is what would probably happen 99% of the time" approach to this.
- magila 8y agoStarting a company doesn't necessarily require a large amount of capital. Think self-employed people creating LLCs. Such single member companies are not at all uncommon and, just like with any type of business, most of them fail. So if your argument is that non-rich people should not be allowed to engage in financially risky behavior, surely self-employment is off the table too.
- pavel_lishin 8y ago> I feel like your argument is very "assume spherical cow" And "either end welfare, or ban risky investments" is a nuanced study of the spectrum?