this post was submitted on 16 Feb 2026
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A Boring Dystopia
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They can get interest rates that are lower than the tax they would pay. Often, they hardly pay any interest at all.
Why do banks do this? Sounds like a favor.
Because a small rate on a large loan is still a lot of income to the bank
And of course because banks can create more money than they have.
Well, many of the people that do this have large stakes in banks.