Death penalty for loan sharks

We have the death penalty for drug traffickers. Drug traffickers bring in drugs and the drugs harm families and lives. Illicit drugs have no place in society. Drugs are banned.

Now let's look at loan sharks. Loan sharks lend money illegally. The people who usually borrow from them, borrow for reasons that are not approved by society and the banks. Some of the reasons include to gamble, to pay off other loan sharks, and to buy drugs. Gambling like drugs also harms lives. (Whether we should ban gambling is another story altogether though)

In essence, loan sharks lend people money to do stuff that harms their lives. Worse still almost invariably the people who borrow from loan sharks are never able to pay off the loans that come with obscene interest rates. It hurts families and perhaps kills people too.

Illegal money lending has no place in society. Illegal money lending is banned. We do not need loan sharks in our society.

We should have the death penalty for loan sharks. If you need to borrow money, go to the bank. If you need financial help, go to the grassroots leaders for help.

There should be no double standards for activities that have no benefit whatsoever to society. We must send out a strong message that drug traffickers and loan sharks are not welcome in Singapore.