cooljeanius’s avatarcooljeanius’s Twitter Archive—№ 69,721

  1. “falsified business records” might sound like small potatoes, but it’s actually a big deal: financial fraud is a large part of why and how rich people are rich, it’s just that most of it isn’t prosecuted: @joe_palazzolo/1641578710624096256
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    1. …in reply to @cooljeanius
      Unlike Marx, who held the labor theory of value, I hold the subjective theory of value: The crime of the rich isn’t theft of workers’ labor, but rather it’s massive fraud to convince society that they (the rich people) provide more value to society than they actually do.
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      1. …in reply to @cooljeanius
        The problem, of course, is that vague generalities like “general perception of societal worth” aren’t specific enough to be prosecutable, so it’s notable when we do get cases with enough specificity to be brought to court like this one.
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