Nationwide, there are more than 8.6 million judgment defaultersHowever, this figure only covers those who have been prosecuted to court and recorded. In fact, the actual number of people who are dishonest may be even higher because many people are unfamiliar with the legal process or find it cumbersome to sue. It is important to note that this 8.6 million does not represent all implementation issues, as the data is dynamic. Some old people who are still unable to repay their debts after five years will be blacklisted, and the number of dishonest people may be even higher with the addition of this part of the historical legacy.
Why is it blacklisted after five years? Once blacklisted, the travel and life of the dishonest will be restricted, which will affect not only themselves but also the education and employment opportunities of the next generation. This restriction actually hinders their ability and desire to make money, increasing the risk of bad debts. Therefore, the five-year limit is more of a punitive measure to get them to learn to pay their debts.
However, this penalty may soon be lifted. Recently, the Supreme People's Court issued opinions on several issues concerning the blacklist of judgment defaulters, among which there is a key provision, if it is found through the online query system that the judgment debtor does not have any property in his name, and the creditor cannot provide valid property clues, then it can apply for the revocation of the restriction on dishonesty.
There are concerns that such measures will lead to an increase in malicious indebtedness. In practice, however, people who owe debts in bad faith take into account the risks of dishonesty. If the majority of people become discredited, these restrictions will eventually affect each of us. The income of high-speed rail and airlines will decline, the number of jobs in related companies will decrease, and the inconvenience of life will also compress the employment and entrepreneurial environment, reducing social efficiency. Tax revenues are reduced, people's incomes are reduced, and more people are in debt, forming a vicious circle.
To some extent, we have foreseen that most people may become dishonest people, which is why we make such recommendations. In recent years, people have begun to support the abolition of high school restrictions, and what kind of social mentality is reflected behind this? More importantly, we must not forget the moral education and Confucianism we received from childhood. These traditional virtues should be deeply imprinted in everyone's heart. But in reality, we have deviated from these beliefs, but what is going on behind the scenes? Is there some compelling reason for this phenomenon? This is worthy of our in-depth thinking and **.