Brought to you by the party of:
- small government
- personal freedoms
- states’ rights
- less spending
- free speech
- religious liberty
Don’t bother. Hypocrisy is the gas, and cognitive dissonance the oil that power Conservatism.
And racism, anger and fear are the highly reactive napalm that drives their dumpster fire of a train wreck
I mean, it’s been brought by both your parties.
Always relevant:
Don’t tread on me unless I’m too chickenshit to make you pay.
That’s what it means. It’s just that ancaps usually dream of a situation of some widespread ancap ethics and ancap solidarity, so that “making them pay” is possible. While IRL it’s not. Solidarity is hard for humans. Building it on the ancap basis is even harder because ancap just doesn’t address human herd instincts.
The proper political ideology IMHO is bog standard ancap+Georgism logically, but with socialist aesthetics and dynamics. Something similar to anarcho-syndicalism and Trotskyism, but with the individual part more pronounced. These are not really contradictory to each other, because the right libertarian part here approaches rules and logic and feedbacks, while the socialist part approaches projects. These are different layers of the same system, they are perfectly compatible. Like L3 and L4 in computer networks.
it’s okay guys! The NRA said they were here to prevent this sort of thing!
We’re in goooood hands!
Oh yea they will rise up but they will stand on the side of tyranny.
Don’t be afraid of them. Say it all loudly and often.
Donald Trump is a traitor who should have been hung years ago. Elon Musk is a Nazi who should be beaten to death in the streets. Palantir should be dismantled for supporting and enabling fascism around the world. All billionaires should be publicly executed for crimes against humanity. The current American government is an enemy of freedom and democracy around the globe and should be overthrown by force if peaceful means are no longer possible, which looks more and more each day to be an accurate assessment of the situation.
Fear will not silence us. We have more power than they ever will. All we have to do is decide to use it.
Palantir should be dismantled for supporting and enabling fascism
Unfortunately that has never happened. In fact, a lot of big name companies made a fortune exactly due to their collaboration:
We don’t have to repeat the mistakes of the past.
Let’s find every palantir employee, and make sure they each get their very own wall.
it wasn’t a mistake then and it won’t be one this time
I would argue letting the seeds of fascism remain in the world, including the power structures that made those decisions.
Make America North Korea Again!
I didn’t remember emigrating to China.
Damn, this dude has to pick the shittiest aspects of every other country and implement them. But even the shitty countries have socialized health care and things like paid maternal leave. Does he pick those features? Of course not.
Nobody here in China knows wtf a social credit score is. Also the healthcare is less socialized than your average European country, but they do take measures to keep costs down.
Writing about the secret social credit system:
-200 good boy points
boomers will be dead and gone and not have to deal with it
classic fucking boomers
Specter of death, can we speed this along already?
Hi, im potential threat #3EF728.
Anyone who would use this metric to categorize me in the first place is inherently a threat to me.
Figure that one out.
Hello, potential threat CSS lime green
Yeah. You’re not rich so you don’t matter.
Ok, but you dont need a database to see my signature look features velcro addias sandals and a t-shirt with a hole in the pit.
next up credit scores based on Palantir db.
Between this and the ICE contractor ShadowDragon using their platform SocialNet to track “potential threats” it’s beginning to paint a grim picture.
How does it work? If people post from a anonymous accounts
I don’t know a lot but I made a comment about it before that I share here with some basic info and further reading. I’ll post it here.
===TL;DR:
ICE contractor ShadowDragon uses their platform SocialNet to map individuals’ digital footprints, personal data and connections across 200+ sites such as OnlyFans, WhatsApp, Roblox and Duolingo.
ShadowDragon claims it accesses data in real-time without storing it, sidestepping some accountability.
ICE and other agencies, including the DEA and State Department, use SocialNet for investigations, citing its utility in tracking criminal activity, despite their unwillingness to prove that criminality in court.
Link to the 404Media article without the required sign in.
Link to Mozilla’s follow-up article which mentions some additional involved companies.
Isn’t that what credit score already is?
Just expand that, maybe with generative AI since the accuracy doesn’t matter.
/s
Not really, a credit score is based on your ability to repay loans.
As well as your willingness to take on debt.
No credit score (AKA living so frugally that you don’t need credit) is a bad score too.
Is it though?
I work on an adjacent industry.
Lenders lend money, that’s how they make money.
If you’ve got savings and a steady job and can offer something a house as security they’re gonna lend you the money to buy thay house, even if you don’t have a score.
The score as a number, and the concept of building your credit score, is really just something bankers tell you when they’re trying to get you to take a credit card.
So if you have taken more loans in the past & repaid a lot of credit card debt you get a cheaper loan/can afford a bigger loan.
It’s what we call predatory tactics & are usually banned.
So if you have a history of repaying debts, on time, you get offered lower interest on loans because you’re less of a risk to lend to.
Fixed.
But still not true. The correlation is low, the system just feeds itself.
You don’t have to actually “take on debt” to establish a good credit score, though. If you use a credit card whenever you’d otherwise use cash you have on hand, and instead use that cash to pay off the card’s statement balance every month (essentially just paying your month’s expenses all at once instead of on demand for each expense), you’re never truly in debt (read: you’re charged no interest), but a credit score is established and continuously improved, via both the consistent payments, and the aging of that line of credit.
So your credit worthiness is equal to the amount of money (3% fee of each purchase?) you make for the bank that would otherwise go to the seller (or stay in your bank account if it’s charged to the customer & not the store, but that is afaik rare, maybe not existent anymore).
So free monies you make for the bank = some potential loan possibility in the future.
Scammy af. But this exists all over the world (packaged as cashbacks that you regularly receive, eg 0.5% of everything you spend, not affecting your loans).
How do you know that? The algo is proprietary, anything can go into it
The minutia of the algorithm is private, to prevent gaming it, but the major factors are very well known, and make perfect sense.
- utilization percentage (if you’re maxing out your credit line(s) all the time, that’s a bad sign)
- payment history (if you don’t make payments by the due date consistently, that’s obviously an indicator that you’re risky to lend to)
- age of account(s) (having made consistent payments for 6 months naturally isn’t going to look as good as having done so for 5 years)
Also if you repay your loan early is somehow bad for your credit score.
If you change your bank to go to a cheaper one alters your score (creating sticky monopolies).
makes prefect sense
To scam citizens out of yields while minimising the chance of nonperforming loans?
The rest of the world puts citizens first.
The banks are the professionals with all the data & capital. They get to multiplicate money (give loans without backing) and get to charge relatively big interests on those loans (interes rates (spreads over risk-free) tnot indicative of/to cover the expenses of defaults, which are very rare overall, or their own operating costs).The money multiplication thing comes from the state (central bank), and it exists to allow people to live & to perpetually stimulate the economy (eg getting a house earlier than saving up the lump sum to buy it whole). The banks job is to balance things out & offer competitive loans in terms of profits vs probability of defaults. Without that it’s just free money for the banks. Like insurance business only selling policies to people/entities that won’t ever need them.
Also if you repay your loan early is somehow bad for your credit score.
- The tradeline doesn’t disappear from your credit report when you pay it off. It continues to benefit your average age of accounts for up to ten years (note that credit score estimates like Credit Karma do not work this way, and stop considering the loan the instant it’s closed, which is not the way it works at the three credit bureaus—more info on the differences between Credit Karma’s system and your actual credit score here).
- It’s trivial to have and maintain a good credit score with a revolving credit line (e.g. credit card) you’re using and paying every month; installment loans are temporary by definition, and considering that loans with 0% interest essentially don’t exist, they are not the way to go about building your credit score; they’re what you use your good credit score to get as good a rate as possible.
With regular credit card use only, my credit score is well over 750 (and 750+ is top-tier from the perspective of basically 100% of lenders). And the last installment loan I had (car purchase over a decade ago), I coincidentally DID pay off early. Also, my average credit age, just checked, is 7y 9mo, less than the ten years mentioned above.
To scam citizens out of yields while minimising the chance of nonperforming loans?
Credit scores can only benefit good borrowers. Without them, everyone gets treated the same as people who have never borrowed, and lenders are obviously going to err on the side of caution (read: higher interest rates) when lending to someone who’s a big question mark. But with credit scores, lenders can know who the ones who do make their payments regularly are, in other words, who it’s least risky to lend to, which leads to lower interest rates.
In short, without credit scores, everyone gets shitty rates. With them, only shitty borrowers get shitty rates.
To reiterate, the bottom line is that you don’t need to pay a single penny of interest to have a superb credit score. Just use a credit card and don’t borrow more than you can pay off every month, same way you’d be limited if you were spending cash on the spot each time. That’s literally all it takes.
Ngl & sorry but that sounds indoctrinated af.
7~10 years on a car is predatory & shouldn’t even be allowed. You overpaid half the car.
Difference between high & low(er) interest rates is access to credit & purchasing power. It determines what/where or even if you can buy a house. There are even USA pop culture reference to not having a good enough score so they don’t get a loan.
And y’all interest rates are still high, regardless of the score.
Forced use credit cards takes away money from the stores & you get almost nothing in return (you should get money back, not some weird promise on loan rates that saves you money only bcs of ridiculous rates & long borrowing).
And repaying credit card (interest or not) has 0 relation to repaying a 10+ year mortgage. It’s just bs to get the banks (and Visa/MC) obscene amounts of free revenue/profit & they don’t have to do anything in return. Just think of how much money have “you” given the bank if 3% of all your purchases went to them. It’s not that you directly lost that (tho through general inflation & stores overcharging you to cover what goes to the bank you have), but didn’t get anything for selling/promoting their product either.Different counties over the world use different systems, but most don’t allow centralised private databases (tho some big ones still use it) that lenders can just access personal data on citizens (and all of them have problems).
Some countries have defaults or unpaid taxes accessible to lenders (via gov agencies/portals, not private firms).Tho the best systems are just every lender for themselves & on data you provide them - statistics show how rare defaults are & how they don’t really affect any lenders (except in a macroeconomic crisis, where eg the underlying real estate losses value).
And statistics also show that the prob of default are basically just related to wages (how much money is left to the borrower each month overall) & collateral.
That’s is what central banks put restrictions on to govern monetary policy (besides overnight rates & gov debt ofc) & banking sector stability.And in terms of eg mortgages - credit score is useless, you have real estate value that more than covers the lean & just about any borrower would have a lot more problems & to lose in event of default so they already try to avoid it as much as they can.
Credit scores don’t lower bank insolvency rates, at most they help with the profit, but most importantly they arent really relevant to a lenders core business success.
Reread what I wrote, I didn’t have a protracted auto loan. I actually paid the car off a few months after I financed it, because I didn’t want to pay any more interest (even at 0.9%) and I could afford it. I don’t even remember what the original term was.
And it determines where you can live, what jobs tou can hold, and wheree your kids can go to school. The system that was developed immediately aftyer the federal government said you can’t discriminate on race is definitely fair.
Didn’t say it was fair or good.
And it determines where you can live, what jobs tou can hold, and wheree your kids can go to school.
How? Wealth determines that, not your loan repayment history. You can be barely making ends meet (and therefore very limited in the above stuff) with a perfect credit score, and a millionaire (and therefore practically unlimited in the above stuff) with a shitty one, or none at all if you inherited enough wealth that you never had to take any loans.
You are not gonna believe where the majority of the wealth of the majority of USA residents comes from.
Also can’t look at credit score system without loan system (they are linked by default) - and loan-worthiness cames from not only paychecks, but also where (which street/neighborhood) you currently live, you job history, criminal convictions, etc.
It does what the West says the Chinese social credit system is doing tho the later isn’t that consequential & focuses on convictions.
And rich people (millionaires aren’t rich anymore, just the last thrashes of a middle class) don’t need a credit score at all, they all take out business loans, not personal loans.
The credit score system wasn’t invented to oppress the rich.
The credit score system wasn’t invented to oppress, period. It was invented to keep lenders from having to guess whether someone they lend to is ‘good for it’. Before that, it was all based on assumptions, which naturally led to conclusions being drawn based on things like appearance, race, sex, etc.
I’d rather be judged based on the fact that I can prove I repay my debts, and nothing else. A credit score system is the means of proving that.
wiki/Criticism_of_credit_scoring_systems_in_the_United_States
The scoring system has also been critiqued as a form of classification to shape an individual’s life-chances—a form of economic inequality. Since the 1980s, neoliberal economic policy has created a correlation between the expansion of credit and a decline in social welfare—deregulation incentivizes financing for the consumption of goods and services that the welfare state would alternatively provide. Credit scoring systems are seen as scheme to segregate individuals creditworthiness necessitated by the loss of these collective social services. The credit scoring system in the United States has been compared to, and was the inspiration for, the Social Credit System in China.
Lenders don’t guess, there are strict rules that FED oversees.
Your probability of repaying your loan is depending on your wage & on collateral.
You can’t prove you will repay your debts in the future. You might lose the income you depend on & some new guy that just got a job might have it for 40 years. How easy will you get another job also depend on factors that the credit score doesn’t include.
Just use musk logic: the data is incomplete, so extrapolate missing data with data you feel should constitute proper results
Yes, basically this.
And when you have an industry surrounding it (specialised companies that do only this & fund lobbies) the system just becomes a perpetual business for the sake of it, can’t get rid of it.
Like filling for taxes in USA (or did that just recertify change?).
Or private prisons.
Too much profit incentive & too many people involved to allow it to be dismantled once it became obvious the product doesn’t work/it doesn’t give any added value.
So basically the Americans get Chinese-Style authoritarianism, but without the prosperity
yeah all the worst parts without any of the benefits, like education or healthcare
Competition for places in universities and even good doctors in China is crazy, or so I’ve heard. In general it’s a “dog eat dog” society much more than the US one, despite common misconceptions about both.
I dunno what “prosperity” they mean, the ability to actually start and finish projects is spectacular for China, yes. That’s why western nations are trying to hurt Chinese logistics, attacking their sources of raw materials, markets and routes. But the average Chinese man does not yet have an easier life than the average US-American.
I am originally from the States but moved to Australia.
Before I moved away I lived in a bible belt state that was one of the 18 US states that have a “tipped minimum wage” of $2.13 an hour. In those states if you have a job that earns tips you get paid $2.13 an hour, and your employer is supposed to match that wage to the federal minimum wage of $7.25 an hour.
However you can imagine if you are one of the lucky ones who has a job in the only restaurant in town, that asking your boss for those missing wages after a slow night is not going to get you anything but fired. There are dozens of other desperate people willing to take your place in a heartbeat.
I find a lot of people aren’t aware of the situation for large swathes of the US. The amount of people who are homeless or hungry or sick with no help is astronomical for a “first world country”.
What I find interesting is that after a cursory google search it would appear that China indeed has minimum wages, and those are interestingly not far off that $2.13 an hour.
https://www.china-briefing.com/news/minimum-wages-china/
The lowest hourly minimum wage in a province I could find was 16.5 RMB which works out to $2.30 an hour.
Now there are of course nuances here, like those jobs in China not being tipped, the cost of living, healthcare, etc.
I do think that things in the States are becoming more dire than most realise, and things in China have been steadily getting better.
In any case I feel very privileged to live in Australia and raise my children here.
if you take averages with the ungodly wealth disparity you will make faulty conclusions. Americans don’t go to the doctor unless they’re pretty sure they’re dying.
I’ve seen someone break their leg and beg people around them not to call an ambulance because apparently emergency is also not only paid but also obscenely expensive. ask Americans about affordable healthcare, affordable education, affordable housing… or affordable eggs.
Yes exactly
Planter nooooooooooo
Every accusation is projection once again
