[rkon]

Who wants to buy an invite to my high-roller social network? We promise to weed out those "untouchables" who are losing their jobs and homes!

Honestly, it would only be a matter of time before we saw entirely fabricated social groups. Unless social networks start requiring photo ID/SSN to join.

Not to mention the potential this would have to further skew wealth distribution in favor of the rich while strengthening the barriers that already prevent upward economic mobility.

[snorkel]

Reminds me of long-forgotten blog post I read where someone claimed they were able to raise their credit score by subscribing to affluent lifestyle magazines, luxury catalogs, charging small purchases from Neiman Marcus and Sacs Fifth ... just creating a trail of data that would give the appearance of being in a higher income bracket produced a lot of interesting side effects.

[fleitz]

The thing most people don't realize is that your credit score is mostly an indication of how much the bank can make off of you, and your income. High income basically always gets you a high credit score, and making minimum payments also gets you a high credit score. Lets say two people who both have the same income, the person who pays their debts off fastest will have the lower credit score.

It's pretty easy to get a high credit score by maintaining a balance on a high interest credit card.

[mbesto]

Every system that is created will have a greater or more complicated system simply created in order to game it.