Modern Slavery

wolf · 10-11-2007, 01:01 PM

I think that we should bring back indentured servitude, as a means of clearing debt. Let's say you're a skilled worker of some kind ... programmer, lathe operator, whatever. You have $30K in unsecured debt that you're not having any success paying off. Company X buys your debt, and your services. You have a negotiated pay rate, with some established amount per check going towards your debt, worker keeps the remainder. You are contracted to work for the company until your debt is paid off. If you wish to continue to work for the company at the end of your indenture, the $$ that were going to the debt, now get paid to you instead.

I guess this would be for people with enough self-discipline to sustain employment, but not enough to get themselves out of debt.

10-11-2007, 01:01 PM	#14
wolf lobber of scimitars Join Date: Jul 2001 Location: Phila Burbs Posts: 20,774	I think that we should bring back indentured servitude, as a means of clearing debt. Let's say you're a skilled worker of some kind ... programmer, lathe operator, whatever. You have $30K in unsecured debt that you're not having any success paying off. Company X buys your debt, and your services. You have a negotiated pay rate, with some established amount per check going towards your debt, worker keeps the remainder. You are contracted to work for the company until your debt is paid off. If you wish to continue to work for the company at the end of your indenture, the $$ that were going to the debt, now get paid to you instead. I guess this would be for people with enough self-discipline to sustain employment, but not enough to get themselves out of debt. __________________ wolf eht htiw og "Conspiracies are the norm, not the exception." --G. Edward Griffin The Creature from Jekyll Island High Priestess of the Church of the Whale Penis

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