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There needs to be a meaningful repayment schedule, though. Otherwise I can run up the debt and never pay it back, thus making it free. Accumulating interest at
by quantified 6y ago
There needs to be a meaningful repayment schedule, though. Otherwise I can run up the debt and never pay it back, thus making it free. Accumulating interest at least keeps you “interested” in paying back sooner than later.
- sjg007 6y agoI'm sure the IRS can figure out a way to keep people interested. We already get a deduction for interest so I'm sure they can incentivize repayment.