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Given that wealth now is way too concentrated in older generations, who then rent out the ability to exist to younger ones, voiding these loans or government ba
by chmod775 2y ago
Given that wealth now is way too concentrated in older generations, who then rent out the ability to exist to younger ones, voiding these loans or government bailouts are a much-needed form of wealth transfer and net-positive to society.
- deepfriedchokes 2y agoRefusing to pay would be pretty effective civil disobedience if it gained critical mass.
- _heimdall 2y agoIt isn't really wealth transfer, this will be paid for in new government debt rather than a tax on the rich. Effectively, the federal government has created a rug akin to Hermione Granger's purse. Whenever they want to spend money but can't increase taxes or decrease spending elsewhere, they sweep it under the infinitely big rug. No wealth transfer, just debt creation on federal books rather than consumer books.