this post was submitted on 20 Aug 2023
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Asklemmy

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[โ€“] [email protected] 7 points 1 year ago* (last edited 1 year ago) (1 children)

My personal top 3:

  • insurance
  • subscriptions
  • Google and similar data hungry companies (while not a financial scam but moreso a privacy scam, companies like Google and Meta profiteering on our personal data without our knowledge or awareness)
[โ€“] [email protected] 0 points 1 year ago

Technically insurance only works if everybody pays in. Wouldn't work as a concept if every tom dick and harry could pay them $100 then a week later need $100,000. They'd basically be out of business right quick with nothing to provide for anyone. Maybe as some believe it should just be provided through taxes, but it's certainly not a scam.