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The potential of buying shares in someone's future worries me, because it begins to look like indentured servitude. High school seniors are not financially or
by karamazov 14y ago
The potential of buying shares in someone's future worries me, because it begins to look like indentured servitude. High school seniors are not financially or legally savvy, and a large oversight system would need to exist to insure that they aren't signing away their futures to predatory lenders.
If the system is like the current loan system, where student debt can't be discharged even in bankruptcy, students run the risk of being settled with a tithe that will prevent them from making ends meet if they can't find a good job.
- learc83 14y agoHow would it be worse than the existing situation? As you said, students already can't bankrupt out of student loans.
- icegreentea 14y agoThere appears (I think that is the key word, I'm not actually sure if its true) that paying off debt is more flexible than fulfilling your 'future shares' option.
- im3w1l 14y agoWhat about this? If you make less than x$/year you keep it all. On income above that, you pay y percent (but not more than z $ total). After w years, the contract expires.