3 ms·

Risk taking should be penalized harshly when the risk is high, that’s the nature of risk. If it pays off good, it was a good move but if it was bad one let the

• JumpCrisscross 8mo ago
  > Risk taking should be penalized harshly when the risk is high, that’s the nature of risk If the odds (and pay-outs) are 10,000:1 and you cap pay-outs at 1,000:1, you've made a high-risk/high-reward risk unworkable in your economy. Systems that target a distribution tend to wind up in that mode, with the risk takers taking their risks (and producing their rewards) outside the system. Keeping distributions stable means capping upsides. There are better ways to redistribute wealth.