4 ms·

I read an article this morning that South Dakota has become a tax haven as well due to their trust laws. An interesting read. https://www.theguardian.com/world

• jdhn 7y ago
  I honestly don't know if I can take this article seriously when it implies that South Dakota repealing usury laws is singlehandedly responsible for all of the credit card debt in the US.
  • corford 7y ago
    I wouldn't blame you if that's what the article actually said... (it didn't)
    • vonmoltke 7y ago
      That's not the implication you get from this statement? > Thanks to Janklow, South Dakota has a financial services industry, and the US has a trillion-dollar credit card debt.
    • jdhn 7y ago
      Please read my comment again. I said it implies it, not outright says it. From the 14th paragraph: "Thanks to Janklow, South Dakota has a financial services industry, and the US has a trillion-dollar credit card debt." This is definitely the author trying to peg America's credit card debt onto Janklow, and therefore South Dakota.
      • BubRoss 7y ago
        That doesn't seem like what it implies at all. It is saying the US uses credit cards and South Dakota can now participate (if it is saying anything at all).
• undersuit 7y ago
  The discussion on HN from Saturday: https://news.ycombinator.com/item?id=21544733 https://news.ycombinator.com/item?id=21544733