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twovests wrote

i agree with this

i wish more of my friends read books. i think most people i know haven't read a book in over a year :(

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rain wrote

Reply to comment by nomorepie in Let's start a tontine by flabberghaster

in this case function as savings clubs in which each member makes regular payments and is lent the kitty in turn.

I think things like this are an awesome alternative to traditional banking. They just aren’t what I think of when I see the word “tontine.” But if this is the type of tontine we are talking about I’d at least be interested. I’m all for trying to find ways to escape the classic banking system.

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rain wrote

How about a reverse tontine? Every time someone dies the survivors all have to pay a bit to the deceased’s next of kin. You could even spread payments out over time to establish a fund for such payments, and let more people join over time to stabilize the fund.

I just have no idea what we would call such a scheme… :)

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