120
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 18 Aug 2023
120 points (75.6% liked)
Privacy
31818 readers
228 users here now
A place to discuss privacy and freedom in the digital world.
Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.
In this community everyone is welcome to post links and discuss topics related to privacy.
Some Rules
- Posting a link to a website containing tracking isn't great, if contents of the website are behind a paywall maybe copy them into the post
- Don't promote proprietary software
- Try to keep things on topic
- If you have a question, please try searching for previous discussions, maybe it has already been answered
- Reposts are fine, but should have at least a couple of weeks in between so that the post can reach a new audience
- Be nice :)
Related communities
Chat rooms
-
[Matrix/Element]Dead
much thanks to @gary_host_laptop for the logo design :)
founded 5 years ago
MODERATORS
You essentially just said "I have money to borrow money against".
If you had an account with $100k and can borrow up to $70k against it, that isn't really taking out a loan as it is just borrowing your own money.
Your argument essentially boils down to "just don't be poor". The people who need credit and to borrow money are those who don't have the collateral to spend it otherwise.
You're just essentially advocating for what rich people like Elon musk do. Take out loans against their stocks so they don't actually have to liquidate their stocks to get usable cash.