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Re:Federal Court Orders BitMEX to Pay $100M over Illegal Cry... by gruez on Tuesday August 10, 2021 @11:14PM (#28137520)
>because economic value goes to zero when all the workers kick up their feet

That will never happen, as I explained in a sibling post:

>there would be an imbalance of labor demand compared to supply. This will cause prices to go up, which will make it less attractive to stay "retired" and more attractive to start working again.

Re:Federal Court Orders BitMEX to Pay $100M over Illegal Cry... by dQw4w9WgXcQ on Tuesday August 10, 2021 @11:21PM (#28137571)
Society is like a cargo net. Every knot that bails out makes it collectively less capable of bearing a total burden. I'm fine if these FIRE dreamers want to use their free time to invest into social and charitable causes, but the ones that just want to perma-vacation on society's economic margin are what annoy me. But I don't personally believe in retirement either.
Re:Federal Court Orders BitMEX to Pay $100M over Illegal Cry... by gruez on Tuesday August 10, 2021 @11:40PM (#28137709)
>Society is like a cargo net. Every knot that bails out makes it collectively less capable of bearing a total burden.

I'm not sure what you're alluding to with this, but if it's "well if everybody goes FIRE society will collapse", then you're wrong because it will never occur (due to the economic mechanisms discussed earlier).

>but the ones that just want to perma-vacation on society's economic margin are what annoy me

Sounds like you're annoyed if people aren't being productive when they can be. After all, what's the difference between being 100% productive for only 50% of your working years (ie. FIRE), and being 50% productive for 100% of your working years? What's your opinion on people engaging in non-productive activities (eg. watching TV, playing sports, reading books), taking time off, or taking a "easy" profession? Are you against them as well? Or are they fine because they put in a token amount of work?

Re:Federal Court Orders BitMEX to Pay $100M over Illegal Cry... by mgh2 on Tuesday August 10, 2021 @11:29PM (#28137629)
That is just in theory, the cost to society might be more profound and harder to rebound from longer term.

Bonus: I suggest reading this guy's blog for unexpected outcomes https://news.ycombinator.com/item?id=26543527