PUBLIC CHARGE RULE (PART II): SELF-SUFFICIENCY & PUBLIC CHARGE RULE
THIS ARTICLE WILL TOUCH UPON THESE ASPECTS
What is the real meaning of self-sufficiency?
What is self-reliance?
Is there a difference between these two terms?
Is there a dichotomy and hypocrisy in Politics through misuse of terms?
Would filing for bankruptcies 4 to 6 times as the number varies in the media be considered a way for self-sufficiency?
By the way, how would credit scores work for those who had filed for so many bankruptcies?
INTERESTING INFORMATION TITBIT
While discussing about credit scores, here is an interesting ti(d)tbit on Credit agencies:
FICO, which had a market cap of around $2 billion in 2016 is worth now around $12 billion with a P/E of around 60+. If the P/E is normalized to historical S&P values of around 10-15 P/E, this company can't be any more worth than $2-3 billion.
Moreover, the three credit agencies, Equifax, Transunion and Experian are worth close to $70 billion in market cap. How are they performing with consumers' data?
Here is a list of data breaches with these agencies just prior to 2017 -