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What if we just delete all the debt and start from zero? Won't the zero (everything people have built and developed to the date) be better than if the debtors h
by qwerty456127 8y ago
What if we just delete all the debt and start from zero? Won't the zero (everything people have built and developed to the date) be better than if the debtors had never taken the credits?
I would like a theoretical answer ignoring the ethical part and the fact creditors will become less willing to lend money again if this happens.
- deleted 8y ago[deleted]
- wskinner 8y agoAnd what about the creditors? And what about the future people who want to borrow to finance something, but are unable to because everyone is afraid to lend money?
- andy_ppp 8y agoWhat if some humans are greedy to the point of everyone suffering huge social issues, what if creditors get their money while the poor starve? Won’t somebody think of the bankers in all this!
- iambvk 8y agoWhy-Not depends on which side you fall into. There are two sides: People with Debt and People collecting Payments. People-Paying would love to start from zero. People-Collecting would not want that. If you think about it as two groups (theoretically): one group receives monthly, recurring payments from the other group. In practice, individuals move from one group to another group and back, etc. based on life circumstances. But here is a catch: Due to a bug or design, if an individual (or few individuals or families) could always stay in the receiving-group, he can live for free till end of time (or system halts/collapses.) What will blow your mind is, are there such individuals or families in the system by design?