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by techdragon
1150 days ago
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If private capital is no longer safe from unreasonable seizures in the course of simple settlements against debt that requires a strait forward liquidation… the system is getting pretty close to permanently fucked. Not as in slippery slope… as in “fucked”. This isn’t woke this isn’t neocon, this isn’t even a left or right… this is “capitalism as a system is built upon the respect for the value of a person’s capital” sort of stuff. If the court doesn’t rule either extremely narrowly in favour, or outright against… the precedent set by this could be devastating to … basically everyone. “Oh sorry that mobile phone contract worth a couple of grand means we a private company now have the power to force you to sell your house and keep the profits of doing it ourselves and paying lawyers to sue you to force you if you refuse”… nothing here feels like this is unique to the state, I don’t see why they should have this power and no one else by following their arguments… this would set a dangerous precedent and I really hope they get told to pound sand, with prejudice. Edit: Also I want to clarify. I understand that lawyers are going to do their job and argue for their clients. This is about the system as a whole. It makes sense that the government would try to do this, and makes sense to try and pay lawyers to argue the case.. it does not make sense to undermine the fundamentals of capitalism to treat debtors as an underclass like criminals who deserve nothing and can be legally robbed by anyone they owe a debt to. |
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https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United...