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0 pointsjjmarr1y ago0 comments

Buying equity in a person is literally what indentured servitude is.

Someone making a deal to give up their future earnings for several years in exchange for a trip to the American colonies and a better life isn't fundamentally different than giving up your future earnings to a coding bootcamp in exchange for a trip to FAANG.

The difference is in the degree of future earnings ceded.

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parpfish1y ago

Isn’t there a big difference in the amount of freedo between an indentured servant and somebody with an ISA?

An indentured servant was generally forced to work a specific job until things were paid back (and often at below market wages). Somebody with an ISA is free to do whatever they wish, they just have to pay

smabie1y ago

Well maybe indentured servitude is fine too?

jonathankoren1y ago

yOu cAn'T tRulLy bE fReE iF yOu cAn'T sELL yOuRsELf iNtO sLaVeRy.

I remember this take. It's the kind of thing that only makes sense in a dorm room full of financially secure people that ignore that this is simply creates a slave class of economically disadvantaged.

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