And how long would that store stay open with such a policy? That's the problem. The government has less competency than small businesses with 5 employees. And not just a bit less, a lot less. Its hard to believe it is just the bureaucrats. I think the leaders of those parts of the government didn't get their posts from merit. And they have no idea just how bad they are at their jobs. It also is probably a bit of too many cooks in the kitchen too.
> The government has less competency than small businesses with 5 employees. And not just a bit less, a lot less.
The US government manages a more diverse array of problems (critical, life and death problems) than any other US organization (and probably more than any other org in the world). Amazon has only a tiny fraction of the competence of the US government and is not nearly as reliable. Remember the last time a significant portion of the social security system went down? I can't, but I can remember the last time AWS went down.
I have to fill out paperwork for the government on a regular basis. I can tell you from first hand experience, the government's main problems are completely their own fault. They are easily 25 years out of date in technology. They can't accept encrypted files, they can't accept credit cards, they can't seem to even do the most basic things that even my dentist's office with 2 total employees can seem to do.
Its so bad that I can't help but think its because the contracts to support government workers are handed out in questionable ways. While I don't think much of the people who work in government offices, I do think they could accept emails if their bosses wanted them to and their contractors provided the tech. They aren't any more or less capable than the dentist's office workers. They just have to work with terrible tech that was clearly chosen for the wrong reasons.
Checks annuity tables for an 80 year old making it to 81...you giving 1:6 odds? Sure I will take that bet because the actual odds are only a small fraction. If I spread out the risk on multiple positions, I can make a very good return taking those types of bets.
People that place bets on the political outcomes on PolyMarket are from one of three groups: 1) Insiders who think they have an edge (but probably don't), 2) fools that believe what their media of choice tells them and 3) People who make money on the first 2 groups.
We both know that that the Trump market and people who believe everything they see on MSNBC (or whatever it is called now) have a big overlap. Its basically a way to print money because there are always people who are out of touch enough to believe their side is right 100% of the time and a <insert color here> wave is coming in the next election. Is this taking advantage of them? Maybe, but they are a walking negative externality in every other way in life so why not. Consider it a tax on political extremism and partisanship which I think it a good thing. Prove me wrong...
Prediction markets are not binary options. They are closer to a liquid equity option market (and most equity option markets aren't liquid at all). That means you can trade into and out of positions at any time and for different prices depending on where the market is. You can even do time spreads where you can't lose it all no matter what happens. Maybe your 10 or 20 seconds of thinking wasn't as perfect as you think since you don't seem to understand how prediction markets actually work.
Slots have odds which change throughout the day and are usually (on average) pretty bad. In Poker, you play against other players, not the house. There is a rake which is very minor when compared against the average returns against other players.
They are fundamentally different. In slots, you bet against the house, in poker you bet against other players. So slots are gambling in the traditional sense. Poker however is no different than buying a house. There is still a house fee in both cases and in both cases you are betting against other people. And in poker, new players can enter and inject capital just like the housing market. You going to ban buying houses next? You can't eliminate risk from life.
You are basically trying out outlaw luck and randomness at this point.
I'm not trying to outlaw anything. I'm trying to make gambling addicts stop delusionally coping when it comes to "predictions markets" and just admit that they're gambling.
Doesn't mean it is wise to do so either. I promise you, 5 lines of your political beliefs and I can make you look like a hypocritical and ignorant a55hole to the world. And I can do so purely with data and various ethical guidelines.
I doubt you have though through most of your "beliefs" or learned of the policy consequences of many of your political positions. If you had, you wouldn't be such an absolutist. You still think you should be judge, jury and executioner over others? What are you, 6?
PS Your type of absolutist moralism has been the basis for most of humanities worst atrocities, stop it...you aren't more moral than other people.
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