View Poll Results: Is there a moral obligation to repay money you borrow?

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  • If you borrow money, you are morally obligated to repay it.

    110 34.48%
  • I feel no moral obligation to repay loans I've taken out

    209 65.52%
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Thread: Are you morally obligated to repay a loan that you take?[W:461]

  1. #471
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by radcen View Post
    Hello polgara.

    I have sympathy for people who lose their jobs, experience a significant illness, or some other unforeseen sucky event. No problem there. Sometimes life kicks you in the teeth and you do the best you can.

    I don't have sympathy for people who sign a loan with a teaser rate then act surprised when the real rate kicks in. That is easily foreseen. IMO, and this is partly the lender's fault too (the blame is equally shared, lender and borrower), but a person should be qualified for a loan based on a worst case scenario for what payments will ultimately be. If you cannot afford the ultimate payment, you cannot afford the loan. Period. A big reason we had the housing bust and the "great recession" is because too many people knowingly took out mortgages they knew they could not afford. They were hoping to continually re-fi into another teaser rate forever. Well, any thinking and non-selfish person knows stuff like that doesn't last forever. It catches up eventually.
    I don't find that excusable, either. But 25% of all defaults were worse than that.... 25% of them COULD have repaid. Anyone that feels they don't have a moral obligation to pay off a loan they got from a business because... well.... it's a business, have no high ground to demonize businesses for doing immoral things for profit. There's a very clear pattern here.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

  2. #472
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by Thrilla View Post
    well, now it's getting a bit convoluted, as your "national interests" are seemingly based on your morals concerning social issues.... those are morals we all tend to share, so it's not like you're weird or anything... but it seems there actually is a moral component to the issue of foreclosures.
    The desire to keep crime and other social ills low can be justified on self-interest alone without resorting to any sort of moral argument.

    as a side note, I wonder if we all operating on the same understanding of "morals" here.... that's probably something that should have been fleshed out earlier.. but I think it's a possibility some of us are in more of an agreement than it seems.
    Not sure what you mean

    Morality - Definition and More from the Free Merriam-Webster Dictionary
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  3. #473
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by radcen View Post
    Which is why I didn't bother picking a poll choice. I'll just participate in the discussion instead.

    If I had picked a poll choice, though, it would have been: "If you borrow money, you are morally obligated to repay it.", (with a mental asterisk for unforeseen dire circumstances).
    Unforeseen circumstances don't change the moral values involved. It just changes the ABILITY to do what's right, not the DESIRE to do what's right. If you feel that it's your moral obligation to pay back money you owe, then you would feel that whether you could pay it off or not. The morality does not dependent on your circumstances even if your ability to do what's right and moral may become compromised.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by Thrilla View Post
    don't judge any polls arouind here on the numbers... some idiots is still gaming them

    there are 3 people whom have voted "no".. not 56
    It would be interesting to see what the IP numbers for the rest revealed. Most of the people I've seen arguing that it's OK to renege on debts didn't vote (at least while registered).
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

  5. #475
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by Papa bull View Post
    Unforeseen circumstances don't change the moral values involved.
    Nonsense.

    While ethics are conceptual and pure, morality is always determined by circumstances. Behavior that is moral is some circumstances is immoral in other circumstances.

    Declaring that morals are absolute and circumstances have no effect on them is to demonstrate an ignorance about what morality is.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  6. #476
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by sangha View Post
    Nonsense.

    While ethics are conceptual and pure, morality is always determined by circumstances. Behavior that is moral is some circumstances is immoral in other circumstances.

    Declaring that morals are absolute and circumstances have no effect on them is to demonstrate an ignorance about what morality is.
    So what conditions make it moral to refuse to pay back money you borrowed in good faith even though you have the resources to do so?
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by sangha View Post
    The desire to keep crime and other social ills low can be justified on self-interest alone without resorting to any sort of moral argument.
    philosophically, you are probably correct.. it's probably possible to justify ..well, pretty much anything on self interest alone.

    the question is over what you do though, not what is possible.



    Not sure what you mean
    never mind , it doesn't matter.

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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by Henrin View Post
    I'm going to get a government loan and then when they demand payment I will just declare government is immoral and that I have no moral obligation to pay my debt. That should work. Lol
    And when morality fails, you still have a legal obligation to repay the loan.

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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by Papa bull View Post
    So what conditions make it moral to refuse to pay back money you borrowed in good faith even though you have the resources to do so?
    The loan is illegal and/or was made in bad faith by the lender.

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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by Papa bull View Post
    So what conditions make it moral to refuse to pay back money you borrowed in good faith even though you have the resources to do so?
    When the loan agreement contains provisions that allow other methods of settling the loan.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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