3 ms·
If a layperson stops paying rent they may be evicted and indebted for the back rent that they didn't pay. If a large wealthy person stops paying for rent, the
by naet 3y ago
If a layperson stops paying rent they may be evicted and indebted for the back rent that they didn't pay.
If a large wealthy person stops paying for rent, the landlord might worry about a long and expensive legal and settle for a lot less than was owed.
The layperson is less likely to have the capital to prolong a legal battle and so is more likely to get stuck with the bill.
There are other economies of scale. If I stop paying for Google cloud my account quickly gets deactivated, but when Twitter stops paying they don't shut off service right away, they try to keep the client around and might offer discounts. If payment continues to be denied they may eventually shut off the service and settle for a portion of the cost of services extended during that time as above.
- iJohnDoe 3y ago@naet 100% this. Well said. Wealthy people are given a ton of leeway until all the leeway immediately stops. You’ll see this throughout history. Elizabeth Holmes, etc. A point made elsewhere, wealthy landlords have zero sympathy for those that cannot pay their bills. Their mightier than thou attitude that they didn’t get where they are in life by giving anything away for free or themselves getting any free lunches, so why should they cut anyone slack if they don’t pay their bills. However, they’ll be the first to not pay their bills if if the going gets tough because they have the knowledge of how the systems works.