It is actually true. If you have an option to defraud people and dont take it, then you actually have "not defrauding" as a value.
If you take bigger salary in exchange of defrauding people, say by denying insurance payment to people who should have it, you dont have "not defrauding" as a value.
While it’s true it also seems kinda worthless through broad applicability and ties moral values to power or money, which I don’t think many people would agree with.
Every US president since FDR would have “not killing everyone” as a value by not hitting the big red button. Almost nobody else will get to be tested in that way. Is that actually a value?
There is also a private information problem. If it never occurred to me to defraud investors, but it was retroactively discovered I could have (and gotten away with it?), do I get the “doesn’t defraud” value? Does the more evil version of me get the value, as long as they thought of it but didn’t act on it?
> Every US president since FDR would have “not killing everyone” as a value by not hitting the big red button.
This doesn't apply, your morals are only tested once you have to sacrifice something that you find valuable in order to uphold your morals, whether that is money, power, or something else.
If you take bigger salary in exchange of defrauding people, say by denying insurance payment to people who should have it, you dont have "not defrauding" as a value.