weirdbeardgame@lemmy.world to News@lemmy.world · 1 年前Insurance 'nightmare' unfolds for Florida homeowners after back-to-back hurricaneswww.nbcnews.comexternal-linkmessage-square93fedilinkarrow-up1463arrow-down14
arrow-up1459arrow-down1external-linkInsurance 'nightmare' unfolds for Florida homeowners after back-to-back hurricaneswww.nbcnews.comweirdbeardgame@lemmy.world to News@lemmy.world · 1 年前message-square93fedilink
minus-squareScipitie@lemmy.dbzer0.comlinkfedilinkarrow-up30·1 年前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
minus-squarekata1yst@sh.itjust.workslinkfedilinkarrow-up7arrow-down19·1 年前I guess I see enough parallels to call it “close enough”, but I guess that’s a matter of perspective.
minus-squaresolsangraal@lemmy.ziplinkfedilinkEnglisharrow-up11arrow-down1·edit-25 个月前deleted by creator
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.
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