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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 a
by 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 agono 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 agoBezos has 10 billion in cash and could easily get another 10 in loans without having to sell his shares.
- ianai 6y agoWe can be charitable to their point. The most recent stimulus was 1.9T. No one outside of governments has that sort of cash.