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How do you craft a law to make this illegal though? And then how do you enforce the law? How do you bring these companies to justice? A fool and his money are
by jbob2000 7y ago
How do you craft a law to make this illegal though? And then how do you enforce the law? How do you bring these companies to justice?
A fool and his money are easily parted. If those students didn't blow their tuition on MLM garbage, they'd have blown it on something else. I'm sure there's a kid somewhere who blew his tuition making ridiculous option trades based on something he read on r/wallstreetbets.
- Matticus_Rex 7y agoI don't think that's necessarily true. I know plenty of smart people who just didn't know enough about MLMs and had a bunch of people around them who were doing them, and got sucked in. They're smarter now, but these things are really toxic and cult-like.
- badrequest 7y agoSimple, if you receive income that is a royalty from the sale of products you sold to the person who ultimately sold them, it's taxed at 100%.
- imadethis 7y agoSo no more wholesalers? No more commission for sales reps selling through partners?
- mysterypie 7y agoIf that were the law, then the MLM's simple workaround would be to pay you a recruiting fee based on the success of the people you recruit. If the people you recruit sell a lot, you get a bigger fee because you did a better job at recruiting. I imagine it'll be tough to craft a law to target MLMs because if it's too broad it'll hit many kinds of legitimate business and if too narrow they'll creatively bypass the rules.
- learc83 7y agoThe IRS deals with people trying to exploit loopholes like that all the time. The law isn't a programming language.
- solotronics 7y agoThe companies that make routers sell their products to us this way, through VARs.
- bdcravens 7y agoReselling isn't nefarious; network marketing is.
- hedvig 7y agoI don't get this common mindset here that people should just be left to the wolves. It's disgusting
- owenmarshall 7y agoBecause lots of people here are the wolves, or think that they’re smart enough to become them.
- bdcravens 7y agoA negative attitude toward those who are gullible enough to be sold on a dream, even though a very small % actually succeed. Ironic being this site is geared towards developers at startups.
- LeftHandPath 7y ago> A fool and his money are easily parted. If those students didn't blow their tuition on MLM garbage, they'd have blown it on something else. I'm sure there's a kid somewhere who blew his tuition making ridiculous option trades based on something he read on r/wallstreetbets. Just because you're getting downvoted, doesn't mean you're wrong. Caveat emptor. That said, the kids who make the options trades probably lose more than the ones who fall for the MLM scams...
- aww_dang 7y agoAt least there is a chance for success with day trading. You might even learn something along the way. I notice that most people who are deep into MLMs usually don't have any sales experience. If they had invested the same effort generating leads for a business at least they would learn sales skills they could use to create their own businesses. Not to mention that they would be paid a fair rate for their work instead of loosing money.
- deleted 7y ago[deleted]