🏝 “$4M for fake land” — Virtual Real Estate. Buzzfeed’s stock. Capital One’s overdraft.
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The Overdraft Fee Is a Corporate Tax on the Poor
The overdraft fee became a corporate tax on the poor, and that's because this fee is paid overwhelmingly by low income americans. The fed has required banks to offer an alternative for when accounts go into the negative. A company called republic reat name calls itself a digital real estate firm. They own 25 hundred plots of virtual land in 19 different madaverses. Some one just bought up 16 virtual acres of land in this virtual world. And they paid a million dollars for those 16 virtual acres.
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