4 ms·
The people who make money doing this will spend the money on goods and services, which in turn benefits the people involved in providing them.
by aay4 14y ago
The people who make money doing this will spend the money on goods and services, which in turn benefits the people involved in providing them.
- Estragon 14y agoActually, the HFT people are more likely to sock their winnings away. Anyway, "I take money from people so that I can increase the national GDP by spending it" is not much of an argument for a socially valuable way of life.
- PKop 14y agoSock money away where, in their mattress? No, in the bank, money market, investments, etc. thereby increases the available funds for others to start businesses, take out loans, provide liquidity to the market. "Take money from people", you mean engage in a mutually beneficial and agreed upon transaction where you take money and give a product or service... yea not the same as theft.
- Estragon 14y agoI don't agree with "mutually beneficial" in either case, and "agreed upon" is murky in the case of HFT and at least somewhat misleading in the case of domain squatting. And "I take money from people to increase available funds for others' business purposes" is not much of an ethical argument, either.
- andrewfelix 14y agoYou're referring to "trickle-down economics" which is largely bunk.
- anc7937 14y agoNo, that's not. You have no idea what you're talking about. Keynesian economics, for instance, uses a similar example to justify government spending. You seriously should stop resorting to trite talking points and buzzwords you really don't understand because you're just corroding the conversation.
- andrewfelix 14y ago>"You have no idea what you're talking about." >"You seriously should stop resorting to trite talking points and buzzwords" Who's corroding the conversation? Keep it civil buddy.