I don't know. Would like to be in one? I wouldn't. I rest my case.debtors prison may be a tadge extreme
I don't know. Would like to be in one? I wouldn't. I rest my case.debtors prison may be a tadge extreme
I don't know. Would like to be in one? I wouldn't. I rest my case.
If you didn't have enough money to pay your debts, how would imprisoning you help?
Firstly, contrary to the current prison regime, prison is intended to act as a deterrent, so people don't want to go the debtor's prison so they moderate their behaviour.If you didn't have enough money to pay your debts, how would imprisoning you help?
Firstly, contrary to the current prison regime, prison is intended to act as a deterrent, so people don't want to go the debtor's prison so they moderate their behaviour.
Secondly, it keeps the bad apples away from the populous so their behaviour can't impact others. It stops them burdening others with their taking of things which they can't pay for. Live within your means, or work harder for what you want, no free stuff.
Thirdly, there is the option for someone to clear their debt and the debtor then needs to then payback the benefactor .... typically via some work. (again there is the deterrence factor in this)
But fundamentally, it makes people accountable to themselves and not to be burdens on others.
Rather a simple concept, and the simplest things are often the best.
Rather a simple concept, and the simplest things are often the best.
Not the hotels we put the prisoners in today, but proper basic prisons that make you not want to be there.So people who haven't got enough money to pay their debts are imprisoned at huge public expense
During which time they are not doing a proper job or earning a decent wage
Simple?
Seriously?The automation age has been happening for the last 200 years, so I don't see it radically changing the workforce.
Not the hotels we put the prisoners in today
Butlins?When you go on holiday, do you book a room shared with strangers, with a bucket for sanitary purposes, in a small room you are locked into for 23 hours a day?
Seriously?
Most of the manual intensive (low paid) jobs will be replaced over the next couple of decades, so there will be a class of people who can afford the education to become those who design/operate the technology.
Until of course AI gradually takes over from them!
The rest who won't be able to earn a decent living will just become a homogenised group with no hope and living at the whim of the ruling elite.
If a full UBI were to come into force, would you expect it to become the normal income for the majority?
So if it did (in the same way as the minimum wage) why not also impose a maximum wage threshold?
Who was it said, "neither a borrower or lender be and the banks will go bust in a week".On an economy that relies on extending credit and fractional reserve banking - I wonder how that would effect lending and prices.