this post was submitted on 12 Dec 2023
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[–] merc 8 points 11 months ago (1 children)

Yes, I understand why debtor's prisons are a bad thing for poor people. But, it does make me wish that rich people could end up locked up if they were unable to pay debts, especially when the debts are the result of fraud, defamation, and other crimes against innocent people.

Maybe sentence them to living in a halfway house with an ankle monitor on until they can pay what they owe. During the day they get to rant on their internet shows and try to drum up money. But, at night they have to report back to the halfway house and deal with their roommates and so-on.

[–] [email protected] 8 points 11 months ago (2 children)

I mean, why sentence them to anything? Seize their assets and garnish their wages until the debt is paid.

It's what happens to everyone else.

[–] merc 3 points 11 months ago

That works for The Poors. But, rich people can easily get around that.

"That Lamborghini? It's not mine, it belongs to a corporation housed in the virgin islands which is owned by a numbered entity in Cyprus"

"Income? I don't have any. But, this foreign bank was willing to loan me $200 million, which I'll definitely be repaying somehow."

"That expensive dinner in Paris? That was a gift from a close friend."

"That new flat screen TV? The non-profit I own is leasing it to me for $0 per month."

[–] [email protected] 2 points 11 months ago

They pay people to come up with ways to make them look penniless as far as the law is concerned.

People like Alex Jones may actually have very little money in their name.