ApeAttack
12-02-2006, 10:59 PM
Let's say that you are an expert in finances and can make on average ~20% return per year by investing. Unfortunately, you have no money. Luckily, you have access to an extremely wealthy person's bank account and can withdraw any amount of money without him noticing. He just keeps his money in the bank and allows it accumulate interest at 4%/year.
Your plan is to take $10 million out and keep it for ten years without his permission. After ten years, you will return the $10 million + 4.01%/year (more than he would make letting his money sit in the bank) back to his account, and keep the rest. Let's assume that there is negligible risk to losing money over ten years. Is this wrong?
Would it still be wrong if you were a billionaire, took out the money, and planned to pay back everything to the wealthy person's account if your investments went bad?
Also, forget how stupid the wealthy person is for just letting his money sit in a bank.
Your plan is to take $10 million out and keep it for ten years without his permission. After ten years, you will return the $10 million + 4.01%/year (more than he would make letting his money sit in the bank) back to his account, and keep the rest. Let's assume that there is negligible risk to losing money over ten years. Is this wrong?
Would it still be wrong if you were a billionaire, took out the money, and planned to pay back everything to the wealthy person's account if your investments went bad?
Also, forget how stupid the wealthy person is for just letting his money sit in a bank.