3 ms·
You missed an option C: forgive the debt (like default but less consequences) but keep companies and people accountable for externalities with really tight cont
by AstralStorm 7y ago
You missed an option C: forgive the debt (like default but less consequences) but keep companies and people accountable for externalities with really tight control.
- AnthonyMouse 7y agoOption C is a moral hazard and is fundamentally unfair. If everybody gets a UBI and people in debt use that to pay it off, people not in debt still get the same amount of money. Loan forgiveness is wrong because it doesn't work that way. If you paid your student loans and I didn't because I decided to buy a Tesla instead, should I have my loans forgiven when you had to pay yours? If I bought a house on credit while you rent an apartment, I get my mortgage forgiven but you have to keep paying rent? If I bought a million dollar house I couldn't afford and you bought a $250K house you could, I get rewarded for living beyond my means? Give everybody the same amount in cash.
- AlexTWithBeard 7y agoCould you please lend me half a million for a couple of years?