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You are so unbelievably wrong that it is quite simply incredible to behold. I'm talking about where this is going to lead (specifically the JOBs act). We deny

You are so unbelievably wrong that it is quite simply incredible to behold. I'm talking about where this is going to lead (specifically the JOBs act). We deny people many rights for the simple reason that they abuse a lot of them. Or conversely, they get abused by others who use those rights for personal gain. This is such a bad idea and it kills me that I know that it's going to happen anyway. Unsophisticated investors should not be able to invest in start-ups - at all - ever. They can barely handle regulated houses, bonds and equities - and you're throwing things at them that even VCs can't handle - what is wrong with you? This is bad - it will happen - and I will watch it burn for the same reason that shoe shine boys shouldn't be recommending stocks - they just don't know what the hell they are doing.

jcampbell1 14y ago
> We deny people many rights for the simple reason that they abuse a lot of them. There is a vast amount of elitism embedded in your thought process. I don't fully disagree with your view point, but that line of reasoning scares me. We sell the poor lottery tickets hand over fist, but I get to buy a $2800 lottery ticket with better odds.
- confluence 14y ago
  You don't give inexperienced people guns. That's just stupid - they'll shoot themselves in the foot. Oh wait this is America - carry on. Lottery tickets are heavily regulated industries with defined probabilities, players and outcomes conditional on government oversight. These tickets aren't.
  - jcampbell1 14y ago
    I am missing your point about firearms. I am from the south where is it tradition to give a person their first firearm on their 10th birthday. I don't know anyone that has shot themselves in the foot... except for my neighbor who shot his foot off while climbing down from a deer stand. He now has a prosthetic foot. He gets around fine as far as I can tell. As for the lottery being regulated, do you really believe that it is okay given the terrible odds? If the lower class are suggested to bet on the lottery, and I invest startups, how are the poor ever going to escape poverty?
    - confluence 14y ago
      > I am from the south where is it tradition to give a person their first firearm on their 10th birthday How's that working out for yah? http://en.wikipedia.org/wiki/Gun_violence_in_the_United_States#Violent_crime_related_to_guns http://en.wikipedia.org/wiki/Gun_violence_in_the_United_Stat... Yay dead people! You don't give unsophisticated people access to firearms - they get dead. Same with most investment options - do not allow people to trade derivatives, over lever their houses or borrow for stocks. > believe that it is okay given the terrible odds? No I don't - but its regulated and small stable losses in comparison to unsophisticated losses that destroy lives in housing, equities and bonds. This will expand those losses. > how are the poor ever going to escape poverty? Have you ever been poor? Here is how you escape poverty - you don't. I'm not kidding. There is no such thing as social mobility - it's false to argue that the poor can in any way benefit from this. http://en.wikipedia.org/wiki/Socio-economic_mobility_in_the_United_States http://en.wikipedia.org/wiki/Socio-economic_mobility_in_the_...

jcampbell1 14y ago

> We deny people many rights for the simple reason that they abuse a lot of them. There is a vast amount of elitism embedded in your thought process. I don't fully disagree with your view point, but that line of reasoning scares me. We sell the poor lottery tickets hand over fist, but I get to buy a $2800 lottery ticket with better odds.

confluence 14y ago
You don't give inexperienced people guns. That's just stupid - they'll shoot themselves in the foot. Oh wait this is America - carry on. Lottery tickets are heavily regulated industries with defined probabilities, players and outcomes conditional on government oversight. These tickets aren't.
- jcampbell1 14y ago
  I am missing your point about firearms. I am from the south where is it tradition to give a person their first firearm on their 10th birthday. I don't know anyone that has shot themselves in the foot... except for my neighbor who shot his foot off while climbing down from a deer stand. He now has a prosthetic foot. He gets around fine as far as I can tell. As for the lottery being regulated, do you really believe that it is okay given the terrible odds? If the lower class are suggested to bet on the lottery, and I invest startups, how are the poor ever going to escape poverty?
  - confluence 14y ago
    > I am from the south where is it tradition to give a person their first firearm on their 10th birthday How's that working out for yah? http://en.wikipedia.org/wiki/Gun_violence_in_the_United_States#Violent_crime_related_to_guns http://en.wikipedia.org/wiki/Gun_violence_in_the_United_Stat... Yay dead people! You don't give unsophisticated people access to firearms - they get dead. Same with most investment options - do not allow people to trade derivatives, over lever their houses or borrow for stocks. > believe that it is okay given the terrible odds? No I don't - but its regulated and small stable losses in comparison to unsophisticated losses that destroy lives in housing, equities and bonds. This will expand those losses. > how are the poor ever going to escape poverty? Have you ever been poor? Here is how you escape poverty - you don't. I'm not kidding. There is no such thing as social mobility - it's false to argue that the poor can in any way benefit from this. http://en.wikipedia.org/wiki/Socio-economic_mobility_in_the_United_States http://en.wikipedia.org/wiki/Socio-economic_mobility_in_the_...