How Did Sam Bankman-Fried Get Bail?

Re:How Did Sam Bankman-Fried Get Bail? by parineum on Saturday December 24, 2022 @01:03AM (#34114437)

>Lift up as many people as possible. It’s a fallacy to think that there must be poor people.

To illustrate this point, in our current era of the mega rich, we also have record low levels of poverty.

Wealth isn't a zero sum game. It's possible (but not always the case) for a billionaire to create more than a billion dollars of wealth for other people.

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Re:How Did Sam Bankman-Fried Get Bail? by int_19h on Saturday December 24, 2022 @07:03AM (#34116083)

Wealth is not a zero sum game. But it is not possible for one person to create a billion dollars of wealth for other people. What creates wealth is actual productive labor, not some kind of vision.

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Re:How Did Sam Bankman-Fried Get Bail? by parineum on Saturday December 24, 2022 @01:22PM (#34119538)

If one person creates a new process to make $3 widgets cost $2 and sells a billion of them, while paying his manufacturers $1 per widget, he made $1 billion dollars and each of their 1 billion customers are $1 wealthier.

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Re:How Did Sam Bankman-Fried Get Bail? by int_19h on Saturday December 24, 2022 @07:16PM (#34122640)

What happens in practice is that one guy in a lab invents a new process in exchange for his paycheck, and then some very different guy in a suit gets to collect the money off that invention.

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