> debtors must use the payout to pay off debt, non-debtors may keep the money and do what they please with it. First of all, this isn't what your article says

> debtors must use the payout to pay off debt, non-debtors may keep the money and do what they please with it. First of all, this isn't what your article says. It says that savers must buy newly issued corporate shares and the funds raised by these new shares must be used to pay corporate debt. Second of all, this basically requires the government to perfectly micromanage billions of transactions, which is impossible. What's to prevent a debtor from immediately opening a new line of credit?