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Next up: we’re disrupting finance by bringing back debtors prisons!
by DeepThoughts 6y ago
Next up: we’re disrupting finance by bringing back debtors prisons!
- londons_explore 6y agoA court mandating a proportion of your salary be diverted to repay debt is effectively a debtors prison.
- diffeomorphism 6y agoExcept, you know, for the whole prison part.
- adrr 6y agoStill exists today. Some examples i can think up off the top of my head. Go to Vegas and don't pay off your gambling tab. Or don't pay off your traffic fines. Don't pay your owed taxes. Don't pay your restaurant tab.
- cwhiz 6y agoNot paying your restaurant or gambling tab is indistinguishable from theft. As far as I know you cannot go to prison for owed taxes.
- adrr 6y agoAny other service that is post paid, there is no risk of jail time. I can visit the dentist and get my teeth cleaned and get the bill and not pay. I can get my home remodeled and not pay. I can rack up a $50,000 bill on AWS and not pay. All these would go to collections and the police wouldn’t hall me off to jail. Not paying your tax is a felony.
- cwhiz 6y agoThe difference is knowing the costs ahead of time versus getting a bill and being unable or unwilling to pay. Most post paid services, as you call it, have unknown costs at the time of service. Not so for dining at a restaurant. Not paying tax can’t land you in jail.