Coinbase lays off around 1,100 employees

Re:Coinbase lays off around 1,100 employees by jstanley on Tuesday June 14, 2022 @02:43PM (#31744017)

Then why don't we set the cutoff at £10k instead so that the very poorest have a chance?

Or set the cutoff at just above the poorest person's net worth. When they make some money they won't be the poorest any more and next year it will be updated to the new poorest person's net worth. That way we make sure everybody has a fair chance at getting rich.

Or is it possible that those who have a demonstrated history of wealth creation are actually better at it, and we're all better off if they continue to do more of it?

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Re:Coinbase lays off around 1,100 employees by SantalBlush on Tuesday June 14, 2022 @03:01PM (#31744345)

What you're describing would actually be much closer to a meritocracy than what we have now. The fact that your proposition frightens people shows that they don't actually want a meritocracy at all.

Many of those wealth creators you describe would get annhilated in the markets if they were on a level playing field with everyone around the world.

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Re:Coinbase lays off around 1,100 employees by Apocryphon on Tuesday June 14, 2022 @02:44PM (#31744045)

Sure, we can start by applying that cutoff on those with the most £10k's to spare.

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Re:Coinbase lays off around 1,100 employees by corrral on Tuesday June 14, 2022 @03:38PM (#31744919)

That might be a good idea!

Let's start at a hundreds-of-millions cutoff and see how it goes.

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