Steve Nguyen runs two Airbnb units in a downtown Victoria apartment building, including one decorated and paying homage to the television show, “Friends”. He says he’s still reeling from the news he soon won't be able to operate it as a short-term rental since he doesn’t live there.
Just another way the game is rigged. If I spent every cent I had to create a risky startup, I’d be homeless. If someone from an affluent family spends every cent they have, they’d always be able to borrow life changing money (even 5k could change someone’s life) or move in to someone’s summer home, etc.
Yeah it’s false to equate risk to investment.
Risking 50 dollars is very different to a wage slave than to someone in the middle class.
You have to look at the situation they’re risking putting themselves into, not the number of dollars or hours of labor they’re risking.
It’s like when conservatives say they’re in favour of equality of opportunity (but not in favour equality of outcome, a total red herring but that’s a different rant). Like when has there ever been equality of opportunity?