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arrow-up1284arrow-down1external-linkInsurance 'nightmare' unfolds for Florida homeowners after back-to-back hurricaneswww.nbcnews.comweirdbeardgame@lemmy.world to News@lemmy.world · 20 hours agomessage-square42fedilink
minus-squarekata1yst@sh.itjust.workslinkfedilinkarrow-up4arrow-down11·edit-218 hours agoI modified it slightly to suit the situation. Why do you not think a Ponzai scheme fits?
minus-squareboydster@sh.itjust.workslinkfedilinkEnglisharrow-up16arrow-down1·15 hours agoI don’t understand the pun you are going for here
minus-squareScipitie@lemmy.dbzer0.comlinkfedilinkarrow-up22·17 hours agoBecause a Ponzi scheme revolves around paying past people with fresh money without using it as promised at all. Insurances (when fraudulent) collect money but don’t pay out anyone unless forced by lawsuits. Ponzi schemes are s vers specific financial tactic. See https://en.m.wikipedia.org/wiki/Ponzi_scheme
minus-squarekata1yst@sh.itjust.workslinkfedilinkarrow-up5arrow-down10·17 hours agoI guess I see enough parallels to call it “close enough”, but I guess that’s a matter of perspective.
minus-squaresolsangraallinkfedilinkEnglisharrow-up5arrow-down1·15 hours agomeanwhile the people taking your money and giving you nothing in return are laughing at the fact that people are spending time debating “what kind of scam” it is
I modified it slightly to suit the situation.
Why do you not think a Ponzai scheme fits?
I don’t understand the pun you are going for here
Because a Ponzi scheme revolves around paying past people with fresh money without using it as promised at all.
Insurances (when fraudulent) collect money but don’t pay out anyone unless forced by lawsuits. Ponzi schemes are s vers specific financial tactic.
See https://en.m.wikipedia.org/wiki/Ponzi_scheme
I guess I see enough parallels to call it “close enough”, but I guess that’s a matter of perspective.
meanwhile the people taking your money and giving you nothing in return are laughing at the fact that people are spending time debating “what kind of scam” it is