Hacker News new | ask | show | jobs
by casey2 6 days ago
It's not so much risktaking that's the problem with Reaganomics. It's the risktaking+socalizing costs. If we let billionaires fail there wouldn't be as many of them. Joel Schreiber, Adam Neumann, Miguel McKelvey all billionaires yet nil contribution to society, arguably slight contribution to a small group of insiders. Clearly that's not a a stable situation in regards to resource allocation, the terrifying thing is that the gamblers and scamees of the world know this, they just want to lose all their money as a group and obtain a collective casus belli to fuck shit up.