Something that benefits every single person is a benefit to every single person. Just because it benefits some more than others doesn't take away from the universal benefit.
Every system that goes out of its way to "be fair," inevitably is not for someone, and overly complicates that system. If you want to ruin a system, make it overly complicated (have we learned nothing?) A system that is non-discriminatory and universally beneficial seems pretty good to me, even though I, like you, have almost no debt.
of course you can cancel debt, it's not even a new idea.
Debt is not real money it's an artificial construct.
A bank does NOT need to have any "money" to "loan" to you.
Your signature on a contract called a Credit Agreement authorises the bank to create credit in your name,
When you spend it it becomes "money".
If you "borrow" 200K to buy a house, for example, the bank will credit your account at the time of signature and you have "money" to purchase the house.
You buy the house with those funds and take possession of the house.
The seller of the house is now paid in full. You have a house and a 200K debt with interest added.
Now, if all debts are cancelled, who loses ?
Those with a strong knee-jerk reaction might say that the banks will lose 200k, but as I described above,
The banks did not loan you their own cash, they simply handled the paperwork and typed in the numbers into a computer.
However, because the banks are utterly fraudulent by design, they have been allowed to use your credit as their assets and have gambled with this fictitious credit.
It won't matter the old system is designated for replacement, with all debt being cancelled and Treasury money based on Nationally owned assets will replace the current system.
Okay I can see the road and i like it, just thinking in my mind about the frugal people, whom have lived frugally, all vehicles used so they could work on them, themselves, saved for years and bought a small lot of land then built a really small home over time. The guy next door has massive debt, mcmansion, the best newest vehicles, etc.
The small frugal property is better in my opinion because of the debt load being zero. I'm sure some feels would be stepped on if the "shortcut" taken by the guy in the mcmansion with tons of debt that was then forgiven, and now both have zero debt, except only one of those people worked their entire lives to be debt free.
What about renters, and people or corporations with massive ammounts of property? Is the guy who has 20 mortgages he pays with "renters funds" debts forgiven while the renter still owes rent?
Don't get it twisted i would still love to see this happen, but I don't see how it could ever be fair?
what is a non starter ?
Something that benefits every single person is a benefit to every single person. Just because it benefits some more than others doesn't take away from the universal benefit.
Every system that goes out of its way to "be fair," inevitably is not for someone, and overly complicates that system. If you want to ruin a system, make it overly complicated (have we learned nothing?) A system that is non-discriminatory and universally beneficial seems pretty good to me, even though I, like you, have almost no debt.
of course you can cancel debt, it's not even a new idea. Debt is not real money it's an artificial construct. A bank does NOT need to have any "money" to "loan" to you. Your signature on a contract called a Credit Agreement authorises the bank to create credit in your name, When you spend it it becomes "money". If you "borrow" 200K to buy a house, for example, the bank will credit your account at the time of signature and you have "money" to purchase the house. You buy the house with those funds and take possession of the house. The seller of the house is now paid in full. You have a house and a 200K debt with interest added. Now, if all debts are cancelled, who loses ? Those with a strong knee-jerk reaction might say that the banks will lose 200k, but as I described above, The banks did not loan you their own cash, they simply handled the paperwork and typed in the numbers into a computer. However, because the banks are utterly fraudulent by design, they have been allowed to use your credit as their assets and have gambled with this fictitious credit. It won't matter the old system is designated for replacement, with all debt being cancelled and Treasury money based on Nationally owned assets will replace the current system.
Fiat vs Real.
Okay I can see the road and i like it, just thinking in my mind about the frugal people, whom have lived frugally, all vehicles used so they could work on them, themselves, saved for years and bought a small lot of land then built a really small home over time. The guy next door has massive debt, mcmansion, the best newest vehicles, etc. The small frugal property is better in my opinion because of the debt load being zero. I'm sure some feels would be stepped on if the "shortcut" taken by the guy in the mcmansion with tons of debt that was then forgiven, and now both have zero debt, except only one of those people worked their entire lives to be debt free.
What about renters, and people or corporations with massive ammounts of property? Is the guy who has 20 mortgages he pays with "renters funds" debts forgiven while the renter still owes rent?
Don't get it twisted i would still love to see this happen, but I don't see how it could ever be fair?
In there somewhere is the value of a dollar
Germany did exactly that after WW2. A debt jubilee.