Re:Regulators Shut Down Lending Platform (YC Alum) LendUp
by profile53 on Thursday December 23, 2021 @07:49AM
(#29661335)
I think the impact is near zero but not zero.
For example, it might mean someone has to work a year longer before accumulating wealth and retiring. The benefit far outweighs the cost, but the cost is still there.
Taxes are inherently a restriction on what one can do with their money. That said, without them we wouldn’t have roads, police, healthcare, social security, etc…which does add freedom to many peoples lives. I think another comment said it best, laws can increase overall freedom in a society, but they do still restrict individuals.
Re:Regulators Shut Down Lending Platform (YC Alum) LendUp
by profile53 on Thursday December 23, 2021 @08:36AM
(#29661656)
Sorry, that was poorly explained. I’m agreeing that the overall benefit to society is positive. But, I disagree that the impact to the individual is essentially zero.
For example, it might mean someone has to work a year longer before accumulating wealth and retiring. The benefit far outweighs the cost, but the cost is still there.
Taxes are inherently a restriction on what one can do with their money. That said, without them we wouldn’t have roads, police, healthcare, social security, etc…which does add freedom to many peoples lives. I think another comment said it best, laws can increase overall freedom in a society, but they do still restrict individuals.