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I believe that stealing from financial systems should be less harshly punished than stealing directly from people, small businesses etc. Whole point of financi
by KptMarchewa 4y ago
I believe that stealing from financial systems should be less harshly punished than stealing directly from people, small businesses etc.
Whole point of financial system is risk management, while corner shop owners should not deal with theft risk at all.
- MichaelCollins 4y agoI bet more than one corner shop worker had money in FTX.
- KptMarchewa 4y agoSure. If you put your money slightly outside regulated banks, you implicitly accept the risk of losing it.
- from 4y agoI mean yes it's true that JP Morgan isn't going to go bankrupt if they cash some bad checks but at the end of the day that's money that could go to opening new branches, hiring employees, paying bonuses or depositors more interest. The cost to society is the same it's just distributed over a larger number of people.