According to this article, Russian government forbade its own people to travel if they owed more than $100,000. That’s so smart. How come we don’t do it?!! Other than a student loan and home mortgages, if you owe more than $100k in other areas, you shouldn’t be allowed to travel!
Now, I’m gonna go and hide as I’m sure I’m gonna make lots of people mad! 😛
What if traveling is part of their job? What if their elderly mother was on her deathbed in another state?
I am sure that the Russians’ take on it is not perfect. But I think it’s worth at least a thought. It definitely should be applied to at the least to the business side of things…
Like how Citi execs tried to buy a $50 million private jet with the $50 billion bailout money from the govt/our tax dollars??!! It’s the kind of greed that we have to try to curve, if not remove.
That jet was ordered 3 years ago. Of course, it was not a Boeing but some French jet so that makes it even worse. 🙂
Anyhow, I am sure there are plenty of other things we can learn from the Russian, comrade.
By the way, to clarify C’s point, this was done mainly to those that were delinquent on their payments but HAD the money to pay it up.