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View Diary: UPDATED: Michigan Police Raid Ailing School District, Seize Documents (74 comments)

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  •  Lollerskates (2+ / 0-)
    Recommended by:
    XajaX, Statusquomustgo
    away from some Governor assigned despot to be given the power to declare individuals as being in a state of "financial crisis" and having the police come and confiscate personal assets to be sold off to "pay debtors".

    We already have this, it's called "bankruptcy" (though of course a court must approve it). Involuntary and voluntary bankruptcy are both options: all a debtor needs to do is petition a court to force you into bankruptcy and you are bankrupt, with the police hauling your stuff away if you don't do it voluntarily.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Wed Mar 16, 2011 at 04:59:53 PM PDT

    [ Parent ]

    •  Get ready for the process to be (1+ / 0-)
      Recommended by:
      Statusquomustgo

      streamlined.

      Going through a judge takes so much time, well, maybe if we had a bunch of judges that only handled bankruptcies and would rule only in favor of creditors in a rubber stamp lightning quick taxpayer saving way !!

      And all the time it takes for this "voluntary" stuff ?!  

      And shouldn't going bankrupt be a crime ?  Just think how we could make tennis shoes in the US again if we put these bad apples to work in a money making privatized prison until they did their time !

      the US MSM, enemy of informed democracy

      by XajaX on Wed Mar 16, 2011 at 05:23:42 PM PDT

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    •  Lollerskates yourself....lol (0+ / 0-)

      debtor's prison is not bankruptcy... it is much worse than that.

      Debtor's Prison

      United States

      In 1833 the United States abolished Federal imprisonment for unpaid debts,[5] and most states outlawed the practice around the same time.[6][7] Before then, the use of debtor's prisons was widespread; signatories to the Declaration of Independence, James Wilson and Robert Morris were both later incarcerated, as were 2,000 New Yorkers annually by 1816. Henry Lee III, better known as Light-Horse Harry Lee, a Revolutionary War general, former governor of Virginia, and father of Robert E. Lee, was imprisoned for debt between 1808 and 1809.[8] Sometimes, imprisonment would result from less than sixty cents' worth of debt.[9]

      Six states (Arkansas, Arizona, Illinois, Indiana, Minnesota, and Washington State) allow debt collectors to seek arrest warrants for debtors in default if all other collection methods have failed. Whether a debtor will actually be prosecuted or not varies from state to state, county to county, and town to town. The individual is taken into custody and is typically required to submit financial documentation to the courts (to facilitate seizure of assets or wage garnishment), although in some cases the individual may be held indefinitely until a payment plan is reached or the debt is paid in full, especially if the individual is insolvent.[10] Other states have outlawed this type of collection action (Tennessee and Oklahoma have ruled it unconstitutional).[11] unless the court finds that the debtor actually possesses the means to pay--except in the case of child support obligations.[12][13][14]

      Most state constitutions, including Minnesota's, have clauses dating to the 1850s that expressly prohibit the jailing of people for their debts. [15] In the United States, it is unconstitutional to incarcerate someone solely for failing to pay a debt. [16]

      Oh and then there's the Poorhouse and the Poor Laws and since those
      laws were soooo popular, they are on a comeback big time - thank you Republicans we know that you are just thinking of us....Jail for Unpaid Debt a Reality in Six States (Strategic Default Pushback Watch)....The Return of Debtor’s Prison

      It is horrifying that we have to fight our own government to save the environment. Ansel Adams -6.5 -6.75

      by Statusquomustgo on Wed Mar 16, 2011 at 07:18:32 PM PDT

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