4 ms·

I believe the point is that the OP is asking for everyone else to pay money for a cause they think is worthy, the comment you are responding to is that if they

I believe the point is that the OP is asking for everyone else to pay money for a cause they think is worthy, the comment you are responding to is that if they are that commit to the idea they can always pony up their own money.

mattnewton 6y ago
ah, thanks. Well, to that I'd say, if my money had anywhere near the impact of everyone's money pooled together I'd do it. Until then I'll keep advocating for public funds to be spent this way, and I assume OP would as well. If you lend each completely broke person $100 they are still about to be completely broke and your investment will be wiped out after a brief respite. But if you hand each bankrupt person $X,000 then many might be able to dig themselves out of the hole and remain productive members of society.
munk-a 6y ago
I think that's a slight misreading, if we as a society, through our government, offer blanket loan forgiveness then the benefit and cost of that action can be appropriately distributed. The comment is asking for people to take the burden onto themselves and pay out to solve the crisis unilaterally which is an unproductive action at best. Maybe Bill Gates and Bezos could execute a one time rent forgiveness program from their personal values - that might even work out pretty well in the short term, but it'd be placing too high of a burden on those two in particular.
- bananabreakfast 6y ago
  no one on earth has that much cash. 20K * 1M people is $20B. All the billionaires in America do not just have that much money just laying around. This would be a budgetary concern of the federal government. No citizens could individually pay everyone's rents.
  - whimsicalism 6y ago
    Bezos has 10 billion in cash and could easily get another 10 in loans without having to sell his shares.
    - ianai 6y ago
      We can be charitable to their point. The most recent stimulus was 1.9T. No one outside of governments has that sort of cash.

mattnewton 6y ago

ah, thanks. Well, to that I'd say, if my money had anywhere near the impact of everyone's money pooled together I'd do it. Until then I'll keep advocating for public funds to be spent this way, and I assume OP would as well. If you lend each completely broke person $100 they are still about to be completely broke and your investment will be wiped out after a brief respite. But if you hand each bankrupt person $X,000 then many might be able to dig themselves out of the hole and remain productive members of society.

munk-a 6y ago

I think that's a slight misreading, if we as a society, through our government, offer blanket loan forgiveness then the benefit and cost of that action can be appropriately distributed. The comment is asking for people to take the burden onto themselves and pay out to solve the crisis unilaterally which is an unproductive action at best. Maybe Bill Gates and Bezos could execute a one time rent forgiveness program from their personal values - that might even work out pretty well in the short term, but it'd be placing too high of a burden on those two in particular.

bananabreakfast 6y ago
no one on earth has that much cash. 20K * 1M people is $20B. All the billionaires in America do not just have that much money just laying around. This would be a budgetary concern of the federal government. No citizens could individually pay everyone's rents.
- whimsicalism 6y ago
  Bezos has 10 billion in cash and could easily get another 10 in loans without having to sell his shares.
  - ianai 6y ago
    We can be charitable to their point. The most recent stimulus was 1.9T. No one outside of governments has that sort of cash.