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Not even close on the biggest scam in human history, AFAIK their peak revenue was < $10B which wouldn't edge out binary auction scams which are over $10B p.a. A
by cjbgkagh 2y ago
Not even close on the biggest scam in human history, AFAIK their peak revenue was < $10B which wouldn't edge out binary auction scams which are over $10B p.a. And that's an example of a pure scam - how much of modern healthcare / insurance is a scam. If we are to take a less dysfunctional country which has better health outcomes for less money as a baseline I'd say at least 50% of US healthcare is a scam. So half of $4.5T p.a. What about doomed pyramid schemes like Social Security - currently running at $1.35T p.a. Or the fractional reserve banking system etc...