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One thing I want to add is that we have also decided the pandemic created morally superior distraught people. Millions of people have gone in and out of credit
by runawaybottle 5y ago
One thing I want to add is that we have also decided the pandemic created morally superior distraught people. Millions of people have gone in and out of credit card debt, but we have never ever considered them worthy of a bailout.
We believe the pandemic to be an emergency, and we believe college education to be noble, so people that take on this type of credit are more … noble? We don’t question that maybe some of these people took on an apartment that takes way too much of their budget monthly, or a degree that costs way too much for room and board and poor upside in the economy. But, we are totally willing to say ‘hey you know what credit cards are, you deserve what you get’.
Any of these people taking a bailout willing to take a hit on their credit report or the impact bankruptcy can have on you forever? Are they willing to move to public housing in exchange for the relief? Probably not, right?
No, sorry, this is the sins of the upper class spilling into the upper lower class, where there is a ‘noble’ group, your too big too fails, your white collared too good for jail, or in our lower ranks - ‘too good and decent to fail’.
We are expanding the pattern of the wealthy, and two wrongs don’t make a right.