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I'm not sure why it's socially acceptable to convince people to part with their money for things they don't need, or to risk their money in games of chance, but
by nopassrecover 16y ago
I'm not sure why it's socially acceptable to convince people to part with their money for things they don't need, or to risk their money in games of chance, but not to encourage them to invest in the potential of an idea.
If the problem is misrepresentation of what they are investing in then there are already laws to protect against this, just as there are laws (at least in Australia) protecting consumers from false advertising or spurious sales claims.
- asanwal 16y agoI do agree in theory. But just because people can be fooled into wasting their money in other ways doesn't mean we should encourage it in new ways. That said, I'd be all for this if the laws worked. The reality is that although criminals, if found, may be prosecuted, the victims of these crimes rarely (can't think of one case) get their money back. The unscrupulous types will blow it on fancy cars, homes, and a lavish lifestyle which means what goes in rarely is left when the legal system takes its course.