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Starting 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
by tryptophan 8y ago
Starting 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?