Moshe Lander

So to me, best to just draw those lines from the very beginning and

No, I'm not helping you on this one.

We would call that in the economics profession, moral hazard.

Once you bail somebody out the first time, not only do you bail them out a second time, you bail them out for something bigger.

It's why all of our parents probably said to us some variation of, if I bail you out every time you get your fat in the fire, you're never going to learn how to stand on your own two feet, right?

I'm mixing metaphors there, but it's the same sort of thing here.

So you want to take the relationship aspect out of it.

Unfortunately, altruism here is a really dangerous thing to weigh into.

And even if you establish clear guidelines that I'm not going to do this again, go ahead, try me and see if I have the guts to stand up and say, I told you I'm not doing this again.

Thank you for having me on the program.

And Eric, always a joy.

I don't like it.

I think that it makes for good print, but it doesn't work in practice.

Let's take the bot out of the story.

Let's say that Eric replaces me at my job.

So should Eric be taxed then because he replaced me at my job and he should give me his money to pay for me?

On a certain level, that does happen.

Employed people pay for unemployed people, but you don't have that direct replacement where the person who's doing a better job has to subsidize the person who was doing a worse job.

Well, if you wanted to tax somebody, then it would be the owner of the capital.

That's no different than if somebody at McDonald's gets replaced by a machine, then you tax the machine owner.