Growing up, I didn’t understand that when my dad was not around for most of my childhood, it was not for the lack of desire to spend time with his kids, but for the desperate need to provide for his family.
The S on his chest was not for Super. It was for Sacrifice.
I think it’s time to revisit the accredited investor laws in the US.
Companies are staying private longer, where only accredited investors (aka rich people!) can invest. Retail investors can only come in after IPO, when much of the upside has already been captured.
These rules were created with the best of intentions, to protect regular people from scams - a noble idea. Unfortunately, in practice they've often made it illegal to get richer, unless you're already rich. A regressive tax!
We have to judge policies based on their outcomes, not on their intentions.
These are two possible routes I see:
1) Replace the rule with something merit-based, like a financial literacy test. Pass it and you're accredited. Having a qualification based on competency rather than your bank balance or income seems far more fair.
2) Remove the rule entirely. Let consenting adults assess their own risk. Disclosure requirements stay and fraud enforcement stays to punish bad actors.
i’d argue you’re too easily moved by the choice words. “privilege” and “equality” are selected because they confuse the notion of fairness. another way to frame his statement “if you’re accustomed to succeeding due to hard work, ingenuity, risk/sacrifice, and, sure, some amount of luck, having the outcomes reset so that everyone is rewarded more equally feels unfair.”
is succeeding after making good choices, sacrificing personally, and working hard really “privilege”?
is it oppressive that everyone doesn’t get to the same place?
perhaps the real oppression is the loss of individual liberties when naively egalitarian philosophies mutate into marxism, denying opportunities for individual sacrifice, effort, and achievement to be rewarded.
framed as privilege v equality misses the mark.. equality of opportunity and equality of outcome are v different things. silicon valley’s most successful are the immigrants who found america as one of the only places on earth where an individual with zero baseline privilege can struggle and sacrifice and effortfully succeed. calling them privileged after the fact seems hardly the point. but an easy one to make.
@RyanSAdams You said any human on planet earth so all you have to think of is someone in Argentina or Zimbabwe who held a 30 yr US t bond since 1995 would have massively outperformed based on the hyperinflation of the local currency alone
@ShaanVP Need another arrow from “retire” to “man makes art”. Some of us working stiffs want to get to art at some point too, but otherwise good stuff!
Solana's culture is built on competitive sportsmanship and relentless execution. That's why I feel home here.
From @IRONMANtri competitor to #web3 founder. Both require full commitment, sheer discipline and resilience.
Excited to launch @DEFITofficial on @solana ⚡️
#solana #DEFIT #comingsoon #swim #bike #run
Je suis dans la famille des🎭depuis début janvier, j'adore sa mentalité, sa convivialité et son côté bienveillant.
Si je gagne le Zodiacmasks, je l'utiliserai comme giveaway pour un challenge @DEFITofficial, soit au sein de ma team, soit lors d'un challenge global. De belles choses se préparent pour 2025 avec #DEFIT 🔥🤐
@0xDebeliou@ataraxiaDEFIT@nomadKizomba We’re ok. Thank you. Power is on, supplies are good, water is clean. My son’s fever broke day after I got the meds. Bracing for stronger winds again tomorrow but more help has arrived. As my captain, as long as you see my activity notifications, all is well 👍
2 days ago, I drove through this plume of smoke and ash not far from home as I needed to pick up meds for my son who’s had a high fever for a week.
Earlier that day we were deciding what to take and what to leave to the fire as the evacuation warning was issued.
I turned to something familiar that gave me a sense of normal.
Running with Defit.
I ran indoors on a treadmill as the air was toxic outside, tho the app bugged
Thank you @ataraxiaDEFIT for that sense of normal in this crazy time. Thank you @nomadKizomba for fixing my run.