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The west used to have a strong moral sense that usury was wrong. The idea of shackling your naive children with exponentially expanding debt before they earned
by recursivedoubts 4y ago
The west used to have a strong moral sense that usury was wrong. The idea of shackling your naive children with exponentially expanding debt before they earned a single dollar would have struck us as insane.
Perhaps we were right.
"And the burnt Fool's bandaged finger goes wabbling back to the Fire;"
- troon-lover 4y ago
- j_walter 4y agoYou also have people that sign themselves up for a bunch of debt for their kids college that they themselves can't afford with the expectation that their kids will be better off for it. Not everyone is smart enough to realize this is a terrible idea. Case in point - Parent making $13/hr decided it was a good idea to take out $40K in loans... https://www.yahoo.com/news/stuck-until-die-parents-buried-110209657.html https://www.yahoo.com/news/stuck-until-die-parents-buried-11...