weirdbeardgame@lemmy.world to News@lemmy.world · 1 year agoInsurance '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 year agomessage-square93fedilink
minus-squarekata1yst@sh.itjust.workslinkfedilinkarrow-up61arrow-down11·1 year agoInsurance companies in the US have become a Ponzai scam instead of a service.
minus-squarejustsomeguy@lemmy.worldlinkfedilinkarrow-up34arrow-down3·1 year agois that a meme or did you accidentally butcher the term “ponzi scheme” which is something entirely different? not saying insurances aren’t often a scam. just a different kind.
minus-squarekata1yst@sh.itjust.workslinkfedilinkarrow-up5arrow-down14·edit-21 year agoI modified it slightly to suit the situation. Why do you not think a Ponzai scheme fits?
minus-squareScipitie@lemmy.dbzer0.comlinkfedilinkarrow-up30·1 year 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-up7arrow-down19·1 year agoI 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-221 days agodeleted by creator
minus-squareboydster@sh.itjust.workslinkfedilinkEnglisharrow-up21arrow-down1·1 year agoI don’t understand the pun you are going for here
Insurance companies in the US have become a Ponzai scam instead of a service.
is that a meme or did you accidentally butcher the term “ponzi scheme” which is something entirely different? not saying insurances aren’t often a scam. just a different kind.
I modified it slightly to suit the situation.
Why do you not think a Ponzai scheme fits?
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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I don’t understand the pun you are going for here
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