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27 People Share The Biggest Scams In History That Are Still Up To This Day
Financial scams are among the most common crimes. For example, in 2023, 15% of Americans said at least one member of their household had fallen prey to one, including 8% reporting that it had happened to themselves personally. (The latter figure translates into roughly 21 million U.S. adults.)
So we at Bored Panda decided to expand on the issue and asked our readers on Facebook to share what they believe to be the biggest frauds in the history of mankind. From the diamond industry to double taxation, here are the most popular answers that we've received.
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Millionaires running their companies into the ground, filing for bankruptcy, then rinse and repeat.
You think the US is the only place where predatory capitalism exists?
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Tax breaks for the wealthy
At this point in time subscription services. Everything is that way now and the monthly fees for each item adds up.
Plus public libraries have huge collections of DVDS.
Load More Replies...My wife and I were lucky to find a rental store close to home that still rents. The options are limited, but it is still better than paying for upteen different sub services and then still not having options.
Privatized healthcare
In the UK you can choose to go free or NHS. I go private merely because the NHS's waiting list is like 2 months long and I don't have a lot of patience. Also you get much better treatment - you feel like someone they care about more than someone they just need to tick off a list.
Expensive for the government, expensive for everyday people and arguably expensive for businesses - only people who profit are Big Pharma. (Unfortunately, I'm American.)
Hospital car parking fees
The stupidest version of this is paying in advance. Our local had that for a while - thankfully realised how dumb it was for something like A&E, where one has no idea how long it would be before being seen.
I have mixed feelings on this, though it depends on where you live and how healthcare is funded (and what the parking fees are). I'd rather not see healthcare funding going to parking.
I’d rather not see sick or injured people have to walk a mile because they can’t afford the parking fees. And that’s assuming they’re not using automated machines that don’t take cash.
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Mega churches
Please don't fall for this!if the dude in charge lives in a mansion, have private jets he only in it for the money.. et cetera!
I watched a late night evangelist last night..either that or an infomercial, meh. He was banging on about the evils of following Mammon aka. Money, it was all kinda true on the level that greed as an obsession really is a bad thing, and he was so passionate in his sermon....which ended with the need to buy this and that for your salvation and to donate so much to the church because it will come back to you tenfold....well, well, if it isn't hypocrisy served up on a plate. Evangelists = evil angels, EVERY TIME.
That if we work hard we'll be able to live comfortably!! afford to buy a house, car, and holidays, when the reality is we can barely afford food and energy
While I make decent for my age compared to my counterparts, I can confirm that even then it is still paycheck to paycheck at times, even though we rarely do anything considered lavish.
I did, and I can afford those things. One has to be lucky to be in the right place at the right time.
Congratulations, you are 1% of the 10% of the world population that lives above the poverty line.
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The trickle down effect
And an opaque name for the same thing is “neoliberalism”. Which is in no way liberal. It asserts that as long as the rich people are doing well and “the economy” is doing well, everything is fine. So prioritize commerce over all other programs, and treat people’s needs as optional. As long as you cover whatever arbitrary percentage is deemed “enough”, the people left out are ignored, and nothing else needs to be done.
Reasoning their way into a hellish landscape for all humanity, its diabolical.
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Without a doubt: Religion
People always mistake religious people with extremists. Religion is not bad in itself but the people taking it too far are : You're free to believe anything as long as you don't harm other human beings or try to impose your beliefs. (And when people think of religion they almost always thing of the big 3, Christian/Muslim/Jew when there are tons of other religions)
l would like to politely disagree. Religion (any form) corrupts. As an ex catholic school kid- the fear that is instilled to follow XYZ or god will be angry is just awful. Not only that, but man has corrupted religion since man and religion existed (and for example, I use everything from extremists to those who just interpret religious documents as absolute fact)
Load More Replies...You can believe in something or not believe. It's your choice. It's not a scam.
It is if they tell you you have to donate or go to the bad place.
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Health insurance
Or, The health care system that requires you to have expensive insurance...
Only in the USA! I tell you something. 2 years before I had a very bad health problem. I ended up in a hospital with pancreatitis and gallstones. My gallstones caused the pancreatitis. Believe me, you don't want this experience! One week in Intensive care, and another 2 weeks in "normal" care, just for pancreatitis. And after that in the second month after my operation, I had another one to removing my gallstones. There were serious operations, for my very first pancreatitis op. was there the head-surgeon of that hospital, so badly had it f.ucked up. All what íI had to pay after all this saga, was just the daily 10 euro for being "hosted' in that hospital. Anything else, was reallly mattered: the professionism of the doctors, the kindness of the nurses, was "free" First of all, that can't be really paid, second of all, if you have to ... so for there is the Universal healthcare. Okay, íI know ... is sOcIAliSm ... 'sigh' Guys-you-are-a-lost-case.
P Peitsch - believe me many if not most Americans hate the current system. But the way the Senate is set up, the small portion of people who don't, primarily concentrated in states like Wyoming or Montana, get veto power over everyone else. It's a bad system but many Americans recognize that and casting all of us as stupid "communism" (it's never actually communism) hating morons doesn't really help matters.
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That the rich deserve or are entitled to obscene wealth and privilege
Insurance of any kind. You use it, the rates go up. You don’t use it, the rates go up
Insurance isn’t necessarily as bad as some people think, although it absolutely can be. The original idea was that people shouldn’t experience financial hardship based on bad things happening that you know can happen but it’s incredibly difficult to save up enough just in case, and you can’t predict when or what bad things will happen. Just over two years ago, I “spent” roughly $10K trying to save a pet’s life. $1K came out of my bank account, the rest came from the insurance I paid every month for the entire 16+ years of her life. Not sure why but I tallied up how much I had paid for insurance for her, her litter mate and another pet who is now in his teens. Turns out I had paid slightly less over the years than the total paid out to provide healthcare whenever they were sick. Last year, the pipeline from city water mains failed, leaking water into my and my neighbours’ property. Fortunately, my house insurance covered $7K of the necessary repairs. I didn’t build the house but the fact the leak happened within my fence line made it my problem. It should never be a problem again and, yes, the insurance payout covers about seven years’ of insurance payments. That’s what insurance should be about. Never having to question if this essential care, repairs or whatever can be afforded. It’s expensive, not going to deny that. However, whenever my pets were ill, I never had to question if I could afford the best treatment available. I got the peace of mind to say, “whatever it takes that is in their best interest, you do that.” That’s why I have insurance.
The difference between us, is that you are living in USA and me in Europe. Totally different systems .... I don't have to spend extra money for made-up things, like you described, because I'm living in a society. You guys, it seems, just a bunch of casually businessmen, insisting to have a country, called USA.
Load More Replies...So what you're saying is that the rates go up, no matter what you do? The[n] use then hard? Or find a "member owned" insurance company?
Our bathroom leaked a couple of years ago. We had to lay £300 excess. Everything else was taken care of by the insurance. Including alternative accommodation. The premium for the year was about £350. Got all new flooring, bathroom tiles, plumbing etc. if we didn’t have it, we would have been screwed
The idea that one group of people is innately better than another group of people
If it's a group of kind hearted cat owner, VS a group of misogynistic hateful that wanna kill cats... 😿 but I guess that is jot what it meant. Just be kind and that all genders alike, kind to animal and nature we are all good!
that's not innate, that's by choice.
Load More Replies..."There but for the grace of God go I". A misunderstood saying, what it means really is that if you were born in different circumstances, you too would believe and act in sometimes terrible ways, we are no better just because we landed in some sort of privileged state through an accident of birth. In fact, we are WORSE, much, much worse, when we hoard that privilege and deny those that are suffering the same rights and resources we demand as our right.
The diamond industry. Super corrupt and monopolized. Diamonds are great, but it's time to step away from them being the coveted stone.
Diamonds are expensive because people keep valuing it as such. With everything if we stop buying it, it'll lose value.
And I read in another NP post that there was alot or working hour going into the finished product? 🤷♂️
Load More Replies...Then step away. There's no compulsion to buy them. They're a prestige product, an investment vehicle... like bitcoin or expensive art. If they hold their value, they're not a scam by definition. I know there's the whole artificial scarcity thing but they've held their value despite everyone knowing about that for decades.
Try selling a diamond for anywhere near what you paid for it. If you’re lucky you’ll get back about 20%. The belief that they “hold their value” is part of the same artificial scarcity marketing scam that props up their prices. Bitcoin is not an investment. It’s gambling on the “greater fool” theory that you can always find somebody who will pay more for it than you did. But the bottom could drop out of it at any moment if enough people look around at the same time, realize that they’re holding a bag of hype and mirrors, and try to sell at the same time.
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Government works for the people
You need to vote better! Not for the corrupt that's in it for power and money.
Windy, you can only vote for the people who are willing to take on the responsibility. Unfortunately, most people with an ounce of integrity, introspection and humility don’t want to tell everyone else how they should live, think or feel. It literally takes someone who thinks they know better to accept a role where they decide what is good for all of us. How can you be surprised that these people are sociopaths and narcissists?
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Schooling, judging by the number of people who "did their own research" with their conspiracy theory articles
As soon as the kid questions their parents beliefs, the parents will be screaming about 'indoctrination'. Gee, I wonder why teachers are leaving in droves?
Load More Replies...be sure you get one who doesn't believe in censorship.
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The banking system, particularly loans and especially mortgages. Diabolical, evil, criminal, sinful
Especially in the USA. That system is really f.cked up. Even the concept of credit cards! Some banks tried this turd also in Europe, but here is NO place for these kind of shítty games. The people were rejecting the idea to spending money, what is not theirs. Sure not everybody, but enough to say, that overall in Europe, when you open a bank-account, a debit card is automatic to have it. But they don't even ask you if you wanr a credit one. You have to ask specifically for it. And if you do, you are dumb.
Hmm I'm from Europe and I have a prepaid creditcard. So I could use it as a credit card when I needed one, but without going over budget. I have to put money I actually have on the card to use it. It's also free to use, no fees, no interest, because of it.
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The 40 hour work week
Our neolithic ancestors only worked 2 or 3 hours a day. And food was quite plentiful for them. Then they could do whatever they wanted the rest of the time.
Yes - but they lived close enough to nature that it could kiII them a lot more easily than your average citizen today. I'm unambitious/lazy enough to envy these ancestors on occasion, but I do love the protection, comfort, freedom, and security that 10000 years of civilization (doubtful as that term may be on occasion) and development (ditto) have brought: board games, hospitals, strolling through foreign cities on vacation, governmental organisation, tending a garden that grows roses, tomatoes, and kiwis, or reading anything from news about the war in Ukraine to the colonial history of Canada, instructions on building a bottle ship to the constitution of the USA, a D&D rulebook or the detailed analysis of renaissance paintings from materials to composition and symbolism.
Load More Replies...Honestly, I'm okay with the concept .. also I find 4 days instead of 5 would be even better for the persons and also for the producrivity. But working daily 5-6-7-8 hours in a field, what you really like, I think, it's overall good.
It's not the work itself. If people had enough money to live on without having to rely on a paycheck, quite a lot would actually go do something that is useful for the community. The problem arises in that there are jobs no one really enjoys or wants to do, they just do it because they either have no other option to earn money, or because it pays ridiculously well. And a lot of people are thus stuck in jobs they don't necessarily like to do, but have to because the chances of landing upon a dream job (that you'd love to do) that pay you enough to live on are very low.
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Job agencies. The get about $5 an hour of your pay for you doing the same and more if you went for a job without them. It’s a dam wall restricting jobs and have removed all Human Resources from companies to help the employer to get away with treating people like s**t.
the importance of politicians
This doesn't make sense. Politicians are extremely important. If yours aren't making any difference, you're electing the wrong ones. Ditto if they're making the wrong difference. The real scam is the claim that politicians don't really matter, which is a handy pass for the incompetent and corrupt.
Interest and credit scores.
The bank to my recently graduated cousin: take a credit card, it'll help your credit score. The same bank to my recently graduated cousin: credit cards are slow, take a loan to increase it quickly.
Adulting, it's really not all it's cracked up to be
Rather unavoidable unless one takes very drastic action as a child.
Work / life balance
Let me tell you. Working weekly 39 hours in gastronomy, what is in the USA is a big NO! NO! NO!. That's the work/ life balance even, these 39 hours weekly seems too much So we are seeking to reduce them to a weekly 4 workinng days/ 3 ftee, without any paycut
Load More Replies...That the meek shall inherit the earth. Nope, it's the most aggressive who shout loudest who get what they want.
It's kinda like this, you walk into a bar and there is 2 gangs brawling. You nope out. You come back later and if you're lucky, the walls are still standing and you can peacefully have a beer. The earth may be damaged but what's left after the bullies and nasties all end each other is there for those who stayed as far as they could get from the hatreds and bigotries which brought the nasties down.
Double taxation. I get being taxed for roads, services and schools (can’t have roads if there’s no money to build them and can’t have schools and teachers if no one pays for that) but we are taxed on our income, fine. Then with the money we got left over, we get taxed again on anything we buy that isn’t groceries. Buy a used car, that tax has already been paid but they tax each new owner for the same car.
Having to buy water to drink something that's already natural but it was never originally owned by anyone
A reverse osmosis filter is much cheaper and more convienient than bottled water and you won't be getting as much microplastics!
Some of us live in places where tap water is not safe to drink. I'd much rather pay for water
Do you know what else was never originally here? Population 8 billion
I guess you mostly pay for the bottle, working hours, factory, and ceo profit.. and if you have lousy water, vote for someone that will fix that.
Anyone thinking they “own” land or homes. Try not paying your taxes and see how that goes. We are renting everything from the government
You can’t own land. You can only ‘buy’ the right to occupy it for a while. And since it’s inextricably connected to every other square inch of land, the whole “my property I can do anything I want” claim is bullshít. You can’t own land any more than you can ‘own’ the air. It belongs to all of us, so we all get a say in how it’s used.
Technically in the UK, the monarch owns pretty much the whole lot, and can take it back any time there is a need (eg war time).
I’ve never been able to wrap my head around “freehold”. It feels like what we’d call leasing out property for somebody else to build on.
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College
Depends on the major. Most STEM majors can find decent paying jobs. With a BSEE I was able to retire early and comfortably.
Taxes. Every dollar is taxed every time it changes hands. Therefore, there should be enough for every social program needed... right?!?
Taxes. Every dollar is taxed every time it changes hands. Therefore, there should be enough for every social program needed... right?!?
