this post was submitted on 18 Oct 2023
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Remember this moment the next time someone says that business people deserve wealth beyond the wildest dreams of avarice because they "took a risk".
The whole "took a risk" stuff is so dumb because in most cases what they risk is ending up with less money.. which is still more than most people have throughout their lifetime.
I'd feel totally safe risking 900 million USD if I already had 1 billion USD. What's the worst that can happen, like, really?
To add on to that, what gives people a special right to be able to take "risks" like that in the first place? It's not like the basis for risk taking is distributed in a way that most people can, so they're taking advantage of most people not even being able to as well as it being little real risk.
Just another way the game is rigged. If I spent every cent I had to create a risky startup, I'd be homeless. If someone from an affluent family spends every cent they have, they'd always be able to borrow life changing money (even 5k could change someone's life) or move in to someone's summer home, etc.
Yeah it's false to equate risk to investment.
Risking 50 dollars is very different to a wage slave than to someone in the middle class.
You have to look at the situation they're risking putting themselves into, not the number of dollars or hours of labor they're risking.
It's like when conservatives say they're in favour of equality of opportunity (but not in favour equality of outcome, a total red herring but that's a different rant). Like when has there ever been equality of opportunity?