To: blackbart.223
Don't make riskey loans and you won't get burned for the most part. Debtor's prison would be a form of bankruptcy where the lender did not get repaid. Debtor's Prison is about detering the excess borrowing that enslaves today's poor.
18 posted on
03/11/2005 9:57:43 PM PST by
staytrue
To: staytrue
"Debtor's Prison is about detering the excess borrowing that enslaves today's poor."I suspect you have never read The Constitution or studied history. Debtor's prisons and indentured servitude were prohibited for good reason.
To: staytrue
But prison of course is just another form of slavery... killing the patient to cure the disease isn't an improvement.
25 posted on
03/11/2005 10:26:02 PM PST by
thoughtomator
(I believe in the power of free markets to do good)
To: staytrue
Instead of having debtors prison, have them perform community service at a company or the company that they owe the money to , to work down there debt.
As is in the idea in the Habitat for Humanity, those who can't afford to buy a house on their own, get the help from Habitat for Humanity.
They agree to help build other peoples homes after a certain amount of " SWEAT EQUALITY " hours, and after that, other volunteers will help build their home.
I don't believe putting people in prison for not paying their debt will help, if they are in prison ? how are they going to find a job and pay down their debt ??
We need to be innovative in finding ways to a solution to this problem.
Since those people may not have any financial means to pay down their debts, then, have them volunteer to perform a service to pay down their debt at a company or the company were debtors owes money.
195 posted on
03/15/2005 12:10:10 AM PST by
Prophet in the wilderness
(PSALM 53 : 1 The ( FOOL ) hath said in his heart , There is no GOD .)
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