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What's a scam that's so normalized that we don't even realize it's a scam anymore? (lemm.ee)

submitted 1 year ago by mastermind@lemm.ee to c/asklemmy@lemmy.ml

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[–] Posh@lemmy.blahaj.zone 2 points 1 year ago

Tax

[–] Hamartiogonic@sopuli.xyz 2 points 1 year ago (1 children)

Loan interest.

[–] DeltaTangoLima@reddrefuge.com 2 points 1 year ago* (last edited 1 year ago) (2 children)

Specifically, compounding interest. I have no problem paying something extra back if I need to borrow a sum of money, but it should be a flat, fixed fee calculated as a percentage of the amount borrowed, up front.

Compounding interest is bullshit.

[–] Thorny_Thicket@sopuli.xyz 2 points 1 year ago

I quite like compounding interests but the difference is that I'm on the receiving end (index funds)

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[–] mister_monster@monero.town 2 points 1 year ago

Printing money.

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