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Couldn't agree more. Average Joe is swindled by con-men into bad deals and/or is subject to events outside his control: should have known better/worked more H
by andrepd 4y ago
Couldn't agree more.
Average Joe is swindled by con-men into bad deals and/or is subject to events outside his control: should have known better/worked more
Huge company in the business of risk management fucks up: bad luck, the taxpayer will cover you, no civil or criminal responsibility will come to anyone regardless of the magnitude of the fallout
- rockemsockem 4y agoI don't think startups can be honestly called huge businesses. If you're referring to SVB, then yeah no bailout for them, but the petition isn't calling for that. Isn't it possible to think that both small businesses/startups and average joes deserve to be bailed out when shit goes sideways?
- somsak2 4y agoit depends on your definition of bailout. in my mind, if the government has to step in to do anything to make sure that people aren't fucked, that's a bailout. i also don't think either average joe or bigco necessarily deserve to be bailed out. if i see a tv on fb marketplace and send the asking price to the seller only later to find out that they're scamming me, should i be bailed out for that? if so nobody has any incentive to take basic risk-aversion precautions in economic dealings.
- andrepd 4y ago> Isn't it possible to think that both small businesses/startups and average joes deserve to be bailed out when shit goes sideways? Sure! Either both of them or none of them, that's the point! But we see bailouts for "systemically critical" banks, but not for the average joe.