12 ms·
> The people who engage in fraud at this scale create far more human misery than your average mugger, though I think both should be adequately punished. Not co
by lmm 3y ago
> The people who engage in fraud at this scale create far more human misery than your average mugger, though I think both should be adequately punished.
Not convinced. I lost about $50k to mortgage shennanigans and about $800 to being mugged. Guess which one gives me nightmares years down the line.
- vishnugupta 3y agoMugging is a bad example because it's not just about financial theft but for a brief period a credible threat to your life itself, so the trauma is clearly bound to scar you for a long time. Perhaps 800$ fraud on Amazon/Ebay is a more appropriate example.
- lmm 3y agoThe whole point was someone claiming that we should see large fraud as equivalent to violence. I don't think anyone's denying that a large fraud is worse than a small fraud, but that's not the point in dispute.
- CPLX 3y agoAgreed, violence has its own characteristics, and there certainly are qualitative differences. But as Stalin said, quantity has a quality all its own. When you steal large amounts of money like SBF did it’s different, but that doesn’t make it better.