How We Justified Piling Debt on Poor Customers

Re:How We Justified Piling Debt on Poor Customers by sneak on Wednesday October 02, 2019 @09:57PM (#21142835)

People should be able to do whatever they dann well please with their money, including spending it on frivolous and stupid things and painting themselves into a corner. It’s not freedom unless it’s freedom to make bad decisions as well as good ones.

If you believe the first, like you say you do, people do not need to be protected from themselves, as self-inflicted harm is the correct outcome of letting people do as they please.

I think it’s ok for people who make bad decisions to go deep into debt. There’s no debtors prison in the USA, recourse against default on the extreme low end is pretty minimal. It may stress them out (as unpaid debt should, to some extent) but they likely won’t die over it.

[ Parent | on HN ]

Re:How We Justified Piling Debt on Poor Customers by tonyedgecombe on Thursday October 03, 2019 @05:09AM (#21145025)

Just as it's hard to stay healthy when everybody around you is sick, it's hard to stay wealthy when everybody around you is poor. Locking yourself away in gated communities to keep out the hoards isn't really freedom.

[ Parent | on HN ]

Re:How We Justified Piling Debt on Poor Customers by sneak on Thursday October 03, 2019 @02:29PM (#21150306)

If your ideology requires violent coercion to work right, your ideology is fundamentally flawed.

There are tons of better ways of getting people to make better financial decisions than sticking guns in the face of lending institutions that choose to do business with them.

[ Parent | on HN ]