Re:Trading privacy for survival is another tax on the poor
by expertentipp on Monday March 18, 2019 @11:05AM
(#19421639)
I predict that the next hit in the poverty industry will be the gambling businesses and loan sharks getting banking licenses. ...aaand it's gone!
[ Parent
| on HN ]
Re:Trading privacy for survival is another tax on the poor
by mlthoughts2018 on Monday March 18, 2019 @11:29AM
(#19421879)
Some type of regulatory-skirting financial account device that pools everyone’s money while the backing organization can gamble with it and extract huge overall fees regardless of whether they succeed at gambling...
Sounds a lot like defined contribution retirement plans, asset managers, mutual funds and hedge funds...