link to original reddit post by /u/mrpenguin_86


Something that seems to be a commonality in most leftist thought is a total lack of understanding of risk. You can see it when Bernie Sanders tweets about how it is immoral that interest rates on cars are lower than student loan interest rates. You see it in this garbage about wage theft. You see it everywhere.

A critical aspect of successful economic systems and a reason why humans in general do things is risk vs. reward. This concept is lost on economic leftists. They don't understand that the interest rate on a vehicle is low because it is relatively easy to take back the asset under non-payment. This is also why credit cards carry such a high interest rate (and get higher when someone has no demonstrated an ability to pay): banks are taking risks paying for things on your behalf knowing that there's a chance that you'll take that asset and disappear/not pay up. This is why 18 year old guys have to pay such high insurance rates (they crash cars like toddlers crash toy cars).

This lack of understanding seems to be the big disconnect when debating with economic leftists. They don't value risk. They think anyone who takes a risk should not be rewarded.