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Why would you want to sell half of yourself, anyway?

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What if, instead of college loans, you could sell equity in yourself? Or a scout for a team could go around to inner-city basketball courts and buy small percentages of the skilled kids, in the hopes that one gets good enough to go to the pros and make a bunch of money?

What if, in addition to the debt we can already issue and the equity we talk about now, you could issue options on yourself? Sell off some percentage of your income stream above some benchmark in the future for cash now?

Why doesn't this exist already? I suppose the problem is how similar issuing equity in yourself is to slavery.