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Right. It means when you invest in random ass companies and you get scammed, you can afford to lose the money. Someone with less money getting scammed with visi
by tehjoker 6y ago
Right. It means when you invest in random ass companies and you get scammed, you can afford to lose the money. Someone with less money getting scammed with visions of dollar signs in their eyes isn't playing a bourgeois parlor game, they're playing with their housing, job, car, etc.
To me, the previous SEC rule is just an acknowledgment of the real aristocratic underpinnings of an advanced capitalist economy.