I understand that the IRS makes sure you play taxes, but what about loans? Like can’t I just get a movie from a redbox and never return it since i’d only have to pay when I returned it?
In: Economics
Do you want to do business with people or businesses that don’t uphold their end of the agreement? You buy a car, but it self-destructs an hour after you drive it off the lot? You buy groceries, but you get home and the steak is rotten and the milk is curdled? You buy tickets to go to the movies, and they direct you into an empty room where nothing happens and eventually you just leave? You rent an apartment, but when you get there someone is already living there? You accept a job offer and move across the country, but whoops, they gave the job to someone else instead?
Yeah, you don’t want to do business with people like that. And if *you’re* like that, no one will want to do business with you, either. Between terrible credit scores, lawsuits, repossessions, foreclosures, and a generally all-around terrible reputation for being dishonest and not paying, you’d find it increasingly difficult to exist in society.
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