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> Almost certainly taxpayers won't stomach paying for them, as happened in Detroit and smaller jurisdictions. I mean we've been dealing with this for thousands
by Alex3917 7y ago
> Almost certainly taxpayers won't stomach paying for them, as happened in Detroit and smaller jurisdictions.
I mean we've been dealing with this for thousands of years already. A pension is basically just a loan from an employee to an employer. Back when jews had a monopoly on money lending in Europe, every year the townspeople had to decide whether they were going to pay back their loans or just kill all the jews in their town, or at least take their land and send them elsewhere. Most years they just paid back their loans as agreed, but then every few decades when the debt service got too high things tended to go sideways.
The basic issue is that even after thousands of years, we still haven't really figured out what's equitable in terms of how debt should work.
C.f.: https://youtu.be/AX7vyycyRCs?t=2908 https://youtu.be/AX7vyycyRCs?t=2908
- adamsea 7y agoI feel to urge to add a little color to this statement. Let’s recall that, beyond whatever assertions the poster is making here, the countries in question didn’t allow Jewish people to practice other trades. “ The result of those occupational restrictions was to push Jews into marginal roles, considered socially inferior, such as tax and rent collecting and moneylending, which were tolerated as a "necessary evil".” https://en.m.wikipedia.org/wiki/Economic_antisemitism https://en.m.wikipedia.org/wiki/Economic_antisemitism But yeah our current system of debt - especially student debt - is messed up.