Comment on New Jersey has no right to ban Kalshi's prediction market, US appeals court rules
realcaseyrollins 6 hours agoYeah but most people aren't socialists; they don't think that the flow of money must exclusively reduce financial inequalities.
And people should absolutely be able to rack up debt if they want to! But people also shouldn't be allowed to rack up a level of debt that they can't pay within their lifetime, which gambling tends to entice gamblers to do.
usrtrv@sh.itjust.works 6 hours ago
Even without the socialist mindset, gambling isn’t creating more rich people. At best it’s creating very temporary wealth for a select few people.
Someone who is poor, capitalist, and financially literate would most likely use their meager money and debt pool to start or invest in a business. At the end of the day it’s about math.
I don’t think gambling works regardless of your definition economic viewpoint.
realcaseyrollins 6 hours ago
Ah, I see where the disconnect is. My position is not that gambling is a way one can make money, nor that citizens should only be allowed to do things which will make them more money.
usrtrv@sh.itjust.works 6 hours ago
Sure, that’s a libertarian stance. Not necessarily an economic stance. Let the people gamble and do meth. Society and logic be damned.
supersquirrel@sopuli.xyz 6 hours ago
Also as a leftist I want to point out that there is quite a similar in practice socialist stance to this.
The closest leftist equivalent is -> no matter what we say or how much control we enact over people, some will always gamble and do meth. Decorum and “political correctness” around drugs be damned, we cannot simply cast those people out of society and refuse to help them.
People will gamble and do meth, as leftists we must at a policy level make sure to include these people in our social safety nets and to mitigare harm when it does not take an unethical amount of agency away. We also cannot assume violently taking away drugs from people solves the problem nor that declaring something illegal abdicates our responsibility to witness suffering and try to make things better for everyone.
A leftist believes we should design society to be as kind and supportive to people as possible so that they fulfill their potential and desire to participate in society because of that sense of being valued and empowered.
realcaseyrollins 6 hours ago
I admit that I have a more Laissez-faire ideology in the economic sector when it comes to goods with elastic demand, but I'm not a libertarian because I think that meth should be regulated.
There is a middle ground between being a psychotic libertarian and a fascist authoritarian!