buzzfeed Press
People Are Exposing Billion-Dollar Industries That Add Zero Value To Society
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"The American Faith Industry. An estimated 1.2 trillion annually." Iโm an award-winning writer and editor living in New York City, where I currently work at BuzzFeed as the Senior Lifestyle Editor. "Blame the corporate greed, and then that bleeds into politics, where instead of regulating it for the populace, they end up getting bought to do the insurance companies' favors." "You can file for free, by the way, using the IRSโ website. If Iโm not mistaken, FreeTaxUSA is free, with the exception of the $15 fee for state filing." I remember when gambling ads weren't a thing. Now, it's bloody everywhere, even YouTube has gambling ads galore!" "The entire industry seems like a scam. Agents, appraisers, and closing costs. Tens of thousands to prepare a bunch of standard paperwork and do a title search. It could be done so much better." "I wish the public were more aware of PBMs. They do a good job of stealthily ducking under the covers and making healthcare workers suffer from their shadiness." "Funily enough, private equity and private credit are in trouble now, and they are cheesing their numbers so hard that it's borderline fraud. Turns out you can only do the buy extract profits load with debts sell cycle on companies so much before they go under, especially now that interest rates are a thing again, and now they have trouble selling the companies they own, and finding new companies to make worse that haven't already been picked clean by other vultures." "I don't think they're inherently bad, but the position does come with a lot of power, and that power is almost universally used for personal gain." "Tabloid pictures are a huge industry. If people weren't obsessed with how often a celebrity wipes when they shit, they wouldn't have a job." "However bad the US health insurance business is, and it has reached the point of people assassinating the leadership, British American Tobacco is still killing a bigger proportion of their customers. What blew my mind is that the China National Tobacco Company is state-owned. So that means the largest preventable killer of Chinese people is the Chinese government. If you look at their death statistics, I'm pretty sure that if you brought smoking down to UK levels (about a 10% reduction), they would pass the UK on life expectancy."