this post was submitted on 18 May 2024
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I’m not sure I follow. They are trying to do a magic trick where they pay $1 and they get infinite money in return?
Economists hate this one weird trick!
You have to realize that people who are easily grifted think it must be easy to grift. True grifting takes a degree of thoughtfulness and intelligence (I didn't say much).
They get grifted so easily they're able to grift themselves with these half-formed ideas.
Yuuuuup.
Sovcits are exclusively about magic tricks. Magic tricks so that the cops can't pull them over, magic tricks so that they don't have to pay taxes for the services they use, magic tricks so that the law doesn't apply to them. None of them work, of course, it usually just amounts to tax fraud.
I think the dumb part is that a deposit on your account is always a credit to the account. They are conflating a credit card with the credit piece of the journal entry that gets made.