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A previous credit score so low that it crashed the world economy in 2008 when Countrywide made thousands of risky loans to Kangs of color. These loans were complete garbage and nobody wanted to touch them in their investment portfolio, so rating companies like S&P, Moody's and Fitch all collaborated to give these Kang loans a fake higher score. These loans caused rolling defaults when the Kangs of color predictably defaulted on them. This caused the entire system to collapse and were it not for the government stepping in, the Kangs would have destroyed the world financial system.
It's 2023 and the Kangs are back. After years of printing money and then later trying to raise interest rates to control the out-of-control inflation, the US government is realizing the asset bubble they created is leaving behind the Kangs who can't afford property. The Kangs of color don't pay their mortgages but there's a new scheme to shoulder the burden on the responsible white people. It's not enough that the banks and government make AAA-rated reliable money on white mortgage payers, they're now going to put a Kang tax on all mortgage payers with a credit score of over 750. This is a risk-avoidance scheme to punish whites further and to prop up the Kangs of color.
When the Kangs default on their mortgages, the banks will just reclaim the property and sell it at a profit to whites. All the while they'll still be collecting the higher mortgage Kang tax from the whites as well.
2023 is the year Biden dropped the Kang (Revised) tax on us all.
The act in which one shouts “Revision Revision Revision” at someone that isn’t revising for a test
“Dad I’m on the Xbox”-johnny
“No, Revision Revision Revision”
Do not revise before playing video because afterwards when you play you will forget everything you revised.
Follows jadua's revision to revise properly
Something I should be doing instead of adding this definition oh shit my dad's coming.
"Son! Why aren't you doing your revision! You mother.....
The thing that students dread most coming up to the end of the school year. Your teachers can’t express how important it is to revise, yet they still give you essays and homework to do too. Learning all your school notes for a massive test can be really stressful if you try to pack it all in last minute! Take regular breaks and don't procrastinate.
‘Oh no, I’ve got so much revision to do this weekend’
a phrase used to cover up that you are really wanking (and get them to leave you alone while you do it)
you: im going to go do some revision now
parent: oh good i wont bother you
Literally, to eat when revising for exams. You usually don't notice you're doing it.
Elle: Wow, I put on ten pounds last week.
Grace: Must be all that revision grazing.