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> In other words, you agree with the parent on the facts. People lost their money, but presumably "it serves them right" cause they were rich and tried to dodge
by bildung 7y ago
> In other words, you agree with the parent on the facts. People lost their money, but presumably "it serves them right" cause they were rich and tried to dodge taxes - which is totally besides the point.
People willfully risked risked their capital to target above-average returns. That didn't work out, which, when looked at from a distance, is perfectly fine - other market participants made better decisions, end of story. What isn't perfectly fine is people then trying to socialize their losses afterwards. You can't have a cake and eat it, too.