Debt is servitude to a far, far greater degree than equity. Income-sharing agreements are far, far less "slavery" than student loans. Denigrating ISAs as slavery is staggering in its war-is-peace wrongness, to the point where I wonder if we're watching a misinformation campaign.
I believe it's merely angry stupidity. Surely after all this time on Twitter you wouldn't underestimate the power of this force?
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Bankruptcy and usury laws are important and necessary restrictions on debt. It is a good concept, in principle, but can be misused and can be exploitative. It is not wrong to be concerned that ISAs will become an end run around the important regulations and limitations on debt.
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Student loans aren't dischargeable in bankruptcy, so the predominate method of funding Higher Ed has already eliminated one of the important and necessary restrictions
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Hanlon's Razor: never attribute to malice that which is adequately explained by stupidity
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Hanlon’s Razor explains all
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I wonder what percentage of those comparing ISAs to slavery have actually dealt with student loans of the scale
@LambdaSchool and the like would replace (I have, and would love to trade it for an ISA)Thanks. Twitter will use this to make your timeline better. UndoUndo
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No, it's worse than that, its angry supremacy; from those who think people for whom the debt is required or onerous shouldn't be educated.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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