IF there was a just way to reset (IMO) & migrate to some crypto.
All secured debt is forgiven. The largest secured debt would be the basis for the new savings amount for those who were debt free from their own frugal lifestyle & those who have nothing saved up, at least they have physical possessions they can sell to get their lives up and running again without any debt to repay.
Any saving would convert to the new system (would need to look at the math & data to even begin an educated guess).
All unsecured debt being forgiven would also be added into the initial accounts of those more frugal.
This basic premise allows for those who were frugal, meek & humble to become the most wealthy. Those who lived lavishly do not need to be worried about monthly payments, but they will need to sell lots of "stuff" or find other ways of providing value to take care of themselves.
IF there was a just way to reset (IMO) & migrate to some crypto.
All secured debt is forgiven. The largest secured debt would be the basis for the new savings amount for those who were debt free from their own frugal lifestyle & those who have nothing saved up, at least they have physical possessions they can sell to get their lives up and running again without any debt to repay.
Any saving would convert to the new system (would need to look at the math & data to even begin an educated guess).
All unsecured debt being forgiven would also be added into the initial accounts of those more frugal.
This basic premise allows for those who were frugal, meek & humble to become the most wealthy. Those who lived lavishly do not need to be worried about monthly payments, but they will need to sell lots of "stuff" or find other ways of providing value to take care of themselves.