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user-inactivated · 1709 days ago · link · · parent · post: Opinion: A Debt Jubilee is the Only Way to Avoid a Depression
Debt is an absolute monster that needs to be slayed, yes, but there should be something in it for people who have worked hard year in and year out and have made significant lifestyle choices to stay debt free. People who either couldn't or chose not to go to school, not to take out mortgages, take out car loans, etc. people who either by choice or by force of circumstances have ultimately lived within their means. Debt is often a luxury, after all, so debt forgiveness would be a social move that would once again favor the more well off.