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That’s not why New York, et al, banned them. They became horribly mismanaged and turned into scams that paid out far less than they offered. The idea that thes
by jonathankoren 7y ago
That’s not why New York, et al, banned them. They became horribly mismanaged and turned into scams that paid out far less than they offered.
The idea that these encourage murders only came after they were banned, and used in plot devices that required a small number of people. (e.g the Fighting Hellfish)
There is plenty of discussion about brining them back as financial instrument.
https://www.npr.org/2015/11/27/457392597/live-long-and-prosper-reviving-an-idea-for-income-in-old-age https://www.npr.org/2015/11/27/457392597/live-long-and-prosp...
https://www.npr.org/2017/10/26/560152250/a-case-for-tontines-a-morbid-mix-of-retirement-plan-and-lottery https://www.npr.org/2017/10/26/560152250/a-case-for-tontines...