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There are some of those contracts active in the USA right now, and the people who sell part of their future income do not have a fiduciary duty. I predict that
by pjscott 4y ago
There are some of those contracts active in the USA right now, and the people who sell part of their future income do not have a fiduciary duty. I predict that this will not change in our lifetimes.
- s1artibartfast 4y agoThe exception is alimony for the divorced. They have a legal obligation to try to maintain income and are jailed if they fail to do so. If you make 200k as a swe and owe 50%,you are legally obligated to maintain that. You can not decide to become a poor artist for example
- voakbasda 4y agoHow is that not a form of slavery?
- djbebs 4y agoSlavery is explicitely legal in the US
- akomtu 4y agoImagine you've been getting 1M/year (bull market, and overall a very successful swe), then recession comes, your income drops to 200k/year and you're jailed for lowering the standard of life for your alimony beneficiaries.