BS and claiming you can get $6400 a month from the "Gov"

Factual Questions
1

Hello Everyone,
While on YouTube recently I’ve noticed we’re being bombarded with ads claiming there is a “State Subsidy” and anyone can get $6400 a month from the good old Government.

Now anyone with half a brain knows this is BS. I’m assuming it’s a scam to collect people’s personal information.

My question is why does YouTube allow such blatant false advertising? And why does the Government not come down on these scammers like a hammer?

2

I assume you don’t have to go through a person to place an ad - that it’s automated enough that almost anything can get posted. There may be certain words or images that the autosystem will reject, but for most stuff they just wait for the complaints and call it responsible.

People are expensive.

3

I’m not sure why you are even asking?

YouTube presumably is funded by adverts, but any fairly effective adblocker gets rid of them.

4

Note I have not seen these ads particular ads and definitely haven’t clicked on them but it may not be an straight up illegal identity theft scam.

As an example it could be a click bait hook that sends you to an offer for a loan/debt consolidation racket that is perfectly legal but probably financially unwise. In that link they may for example quote a portion of the tax code that sets the maximum amount of interest you can deduct from your mortgage is $6400 a month to leave the impression that the government is handing out $6400 checks, but not actually stating directly so directly in order to opening themselves to fraud charges.

5

Slightly off topic, but this is a bit of bullshit that annoys me. A lot of ‘financial advisor’ articles continue to parrot the idea that mortgage interest is tax-deductible. In fact, it is only deductible by the margin by which it puts your overall deductibles over the personal deduction. Which in most cases means it doesn’t save anything at all.

6

I bet it is true but not in the way you think, like being over 65 and restructuring your Social Security payments or something. Kind of like how there are ads on how you can learn one trick to pay off your house

refinance

7

Yes, but that is true of any itemized deduction.

8

This, especially when we’re talking about a social media platform that serves up millions of ads every day.

9

Correct of course. But it irritates me to see “advisors” trotting it out as if it’s some sort of ‘insider tip’ when in fact almost nobody benefits from it nowadays.