This is exactly what happens around the world.
I've seen it first hand... and used it... I had family member who work government jobs. which in my country are considered guaranteed income for life, because you don't get fired.
And Government employees had access to small credit lines to buy appliances and electronics no questions asked. (We didnt have credit cards).
And what started happening, their income was so low, they would buy electronics for friends to get cash. say they buy a $1000 iphone, sell it for a friend for $1000, and pay the installments directly deducted from their salaries.
All of them were under huge amounts of debt.
TKay
npub1nj…7l02j
2024-08-03 12:41:10
in reply to nevent1q…gvdt
Author Public Key
npub1nje4ghpkjsxe5thcd4gdt3agl2usxyxv3xxyx39ul3xgytl5009q87l02jPublished at
2024-08-03 12:41:10Event JSON
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"created_at": 1722688870,
"kind": 1,
"tags": [
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"content": "This is exactly what happens around the world.\n\nI've seen it first hand... and used it... I had family member who work government jobs. which in my country are considered guaranteed income for life, because you don't get fired. \n\nAnd Government employees had access to small credit lines to buy appliances and electronics no questions asked. (We didnt have credit cards).\n\nAnd what started happening, their income was so low, they would buy electronics for friends to get cash. say they buy a $1000 iphone, sell it for a friend for $1000, and pay the installments directly deducted from their salaries.\n\nAll of them were under huge amounts of debt. ",
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}