Quote:
Originally Posted by Montecore
I didn't call you a bad liberal; I was expressing incredulity at the inconsistency, or my perception thereof, in your views. Most reasonable people agree that some of the more usurious forms of contractual debt should be dischargeable under bankruptcy protections; that (I'm assuming) you hold that position while simultaneously thinking he should just suck it up and pay (yet another) moron tax when he's quite literally been paying it however long this backing deal has been going on is just confusing me.
I'm perfectly capable of making that argument here, generally, while acknowledging that my personal code would cause me specifically to pay the debt in full under the terms of the contract as soon as possible. That doesn't mean I think generalizing my response to others is at all valuable or useful. I do recognize, however, that there are a number of aspects of my life that make such a position pretty easy/convenient to hold for the amount of money under discussion in this example. I'd like to think I'd act in a similar manner were I ever relatively leveraged to the extent he is, but ultimately, who can say - there but for the grace of PLOKJ and all that. Regardless, this leveraging of honor and personal responsibility that those in the industry have thrown around (including the mod forum, where someone wants me in MOD JAIL for even suggesting this debt isn't enforceable) is just manipulation by people that want their money from a rock (or goldfish, in this case); I have no sympathy for them. Reread ibav's posts over the last few days for an inside take.
I don’t really have a strong argument against any of this and never did. I think I may have been lumped into an opposing side somehow, but to be honest with you you’re not going to find me spouting the gambler’s code stuff anywhere because I have always been a rec fish at best and don’t belong to the community that way. Some of it seems a bit over romantic from my POV. I have to assume you think I’m full of **** or back pedaling when I said that my motivation was I was really curious about where and why some other posters drew the line for when a deal needed to be upheld. Why? Because I am not one of the people who thinks they have everything figured out and I wrestle with personal morality questions nearly hourly. I realize I’m a hypocrite. Anyway, your position makes sense to me and I was never appalled by it even before I fully understood it. It’s pretty much where I landed already.
Quote:
Originally Posted by DodgerIrish
I don't understand the advantage of playing under a stake in these scenarios. Win? Share half the profits. Lose? Share half the losses.
I thought the whole point was that the backer was entitled to half the labor of a winning player? If it doesn't work out, that's the trade-off considering all they're fronting is the capital.
Anything that isn't at least tilted in risk (say you pay ~20% of losses, i dunno) is a sham and akin to a payday lender.
Yes this is kinda true, but like monte was saying regarding not viewin deals through the lens of our own situation...in a former job I sold reasonably large ticket items. We got one of those no credit check “finance” programs and the SJW in me was furious. It was same as cash if you paid in full within 90 days, but on the 91st day it went to the equivalent of 120% interest for the rest of the 12 month period. There was an early pay-off reduction but it was still nuts.
I hated it. It was taking advantage of people who needed help the most. As myself, I spent as long as it took with customers who used it to make sure I explained the way it worked, calculated their payment and helped them put it on their calendar in their phone, drew literal pictures if I had to to make sure they would not get hit with the predatory fee. I explained that they should do whatever they could to pay it off in 90 days. I told them what they would end up paying if they didn’t.
Anyway I had a woman come in one day and did my whole song and dance about not getting hit with their bull****. She was buying a $1000 item and she told me she was fine paying more to stretch it out over the year. I explained how she shouldn’t be fine...she’d end up paying $2200 for a $1000 item! She’d be better off saving the money for 6 months and coming back! I was ready to walk the deal over it. She looked at me and said, the program was great to her. She needed it now, her credit was ****ed and she has a good job now and she wants the item today, not in 6 months. She was happy to have the option because otherwise she would not be able to get what she needed.
What’s my damn point? That backing plan seems bad for me, and it didn’t work for hero, but it may be great for someone who used it to their advantage properly? Idk.
Quote:
Originally Posted by Montecore
loco,
It was all worth it to out you as a subscript are.
Yet another thing we agree on. I had the exact same reaction!
Quote:
Originally Posted by Rexx14
That was slightly confusing. I thought I was in Johnny's thread and then was sure it was N1h but no it IS actually Johnnys
Dude, I am not really sure why I am squaring off with posters in other people’s logs this week, but I’m feel self-conscious about it. I may be due for a break.