cross-posted from: https://lemmy.dbzer0.com/post/2936234
Be your own bank.
You must log in or register to comment.
Consumer and business credit scores are given by private companies like Equifax, not the government.
Also, Government debt of a country which has exclusive right to print its own currency is not comparable to an individual/business who has to work for or exploit others for the same.
Thirdly, don't be your own bank. Good chance you'll get robbed or lose your money. Real banks have the power of the entire state behind them, you don't.
for real lol. if someone robs $250,000 from ur “own bank” (ur house) ur down a quarter million. that money is safe in a bank unless the government collapses
but yeah its fucked that private companies get to determine whether we can buy a house or car. and libs go postal over China’s social credit system when its literally the opposite (the public gives a rating to private companies to correct their behavior)
ive heard the job thing before but it sounds so unbelievably dystopian. are there really jobs that check ur credit rating?!
They use your SSN card so they can add you to thier tax records, which enables them to pay you.
The government requires the number that it says should not be used as an id as an id for taxes.
Crypto libertarian argument. Credit scores are bad but just grabbing the US state debt you'd only do if you'd think state-debt is a morally bad thing, which it isn't.
I am once again begging people to understand that when you have 2,000 nukes and can print your own money you are never in debt.
Also 🪙 MINT THE COIN YOU COWARD 🪙
In addition to the notes that credit scores aren't assigned by the US government, they're assigned based on how profitable an individual is to the banking system. So, a person that has never taken on debt is going to have a lot lower credit score than someone who takes debt and pays interest without late payments or defaults.
S&P downgraded amerika’s credit rating from AAA to AA+ like a decade ago. and this year, Fitch did the same. Moody’s is still giving that AAA tho. and these credit rating companies are amerikan, so there is considerable bias. they should have been downgraded starting in the 80s when public debt skyrocketed. now that debt has surpassed GDP, and only 32% of that GDP are from industry and agriculture, the US credit rating should be A at best
even
