Re:Income-sharing agreements let students trade future earni...
by harryh on Wednesday April 10, 2019 @12:17PM
(#19626141)
Indentured servitude requires someone to work for a particular employer for a fixed period of time. ISAs do not do this.
Words have meanings. You don't get to just ignore them to make an emotional point.
Re:Income-sharing agreements let students trade future earni...
by jklm on Wednesday April 10, 2019 @02:11PM
(#19627304)
I think the parent poster might have meant sharecropping. But the point is still valid.
Re:Income-sharing agreements let students trade future earni...
by harryh on Wednesday April 10, 2019 @05:33PM
(#19629011)
It's not that either.
Re:Income-sharing agreements let students trade future earni...
by kian on Wednesday April 10, 2019 @12:11PM
(#19626094)
Excepting that they aren't able to 'sell' your labor to a third party, nor are you expected to work for them after graduation.
Re:Income-sharing agreements let students trade future earni...
by jklm on Wednesday April 10, 2019 @03:01PM
(#19627729)
It's a financial instrument, so it'll probably be bought and sold at some point. Some investors will want to increase their risk, and others will want to decrease it.
Re:Income-sharing agreements let students trade future earni...
by kian on Wednesday April 10, 2019 @04:06PM
(#19628286)
Upvoted you because you are correct, but the trick with indentured servitude was that they could sell where you work to a third party, and that in the meantime you had to work for them and no one else. That's what made it just another kind of slavery - the removal of freedom of association.
Re:Income-sharing agreements let students trade future earni...
by T800M101 on Wednesday April 10, 2019 @12:33PM
(#19626334)
Not quite. You can find it if you're looking for it, but I've known and heard of some companies helping out with student payment programs or scholarships under the pretense that you will work for them at an agreed upon salary, albeit a bit lower than standard.
The initial case in the article suggests something similar where investors will "invest" in a student and bank on a successful career with repayments, similar to a student loan. I can't see this as being a negative that Indentured Servitude was.
Re:Income-sharing agreements let students trade future earni...
by SkyBelow on Wednesday April 10, 2019 @02:13PM
(#19627320)
The notion that paying back a loan based on percentage of money earned is indentured servitude seems to skirt very close to the libertarian memes that taxation is theft/indentured servitude.
https://en.wikipedia.org/wiki/Indentured_servitude
Good job.