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It's not like wealthy people ever go broke anyways. Look at Alex Jones, owes millions in judgments but is still spending to the tune of 100k a month, and still making million and is on tv, etc. How is that broke and how is he not being forced to live in a trailer park till his judgments are paid? Any one of us owes money, they'll put you on the streets, literally, to get their money. But rich people get to go on being rich, even when they owe millions.
Yes, I understand why debtor's prisons are a bad thing for poor people. But, it does make me wish that rich people could end up locked up if they were unable to pay debts, especially when the debts are the result of fraud, defamation, and other crimes against innocent people.
Maybe sentence them to living in a halfway house with an ankle monitor on until they can pay what they owe. During the day they get to rant on their internet shows and try to drum up money. But, at night they have to report back to the halfway house and deal with their roommates and so-on.
I mean, why sentence them to anything? Seize their assets and garnish their wages until the debt is paid.
It's what happens to everyone else.
That works for The Poors. But, rich people can easily get around that.
"That Lamborghini? It's not mine, it belongs to a corporation housed in the virgin islands which is owned by a numbered entity in Cyprus"
"Income? I don't have any. But, this foreign bank was willing to loan me $200 million, which I'll definitely be repaying somehow."
"That expensive dinner in Paris? That was a gift from a close friend."
"That new flat screen TV? The non-profit I own is leasing it to me for $0 per month."
They pay people to come up with ways to make them look penniless as far as the law is concerned.
People like Alex Jones may actually have very little money in their name.
They are better at hiding their money, tying it up in investments, trusts, LLC's, etc. Most regular people don't have shell companies to mask their assets.