Kid puts 2% of his future income on auction on EBay !

A kid called Ron Steen put up his 2% of future income for auction on EBay. There is a piece about this auction here. I think this is a great idea! Even if EBay removed the listing (perhaps because of legal issues around this deal), the idea may have future in education loans market! How about education loan providers start providing loans based on what is the potential future income! MyRichUncle does look at the student criteria including SAT score, credit score, programs of study (which is one indicator of future income), but if the student's goal of future income is also considered and is tied to future incentives from loan company, then it might motivate the students to work harder.

Something like this would not have been possible without EBay! Now that is a real use of technology!