That’s fine, but it’s clear to me that debt obligations are positive instead of natural (some other examples are punishment, intellectual property, and contracts).
So basically you are advocating people not paying back money they were lent and using the excuse “ don’t blame me, you were stupid enough to lend to me”.
Lulz. This is what I mean. You can use “personal responsibility” to argue for either one. It’s indeterminate, so the CORRECT justification to use is honor.
“Oh, man. Listen this entitled guy asking to be protected from the poor consequences of his lending choices. Sorry, pal. I don’t have sympathy for people who want bailouts. Dumb mistakes should hurt and enforcing debt repayment would just mean you won’t learn your lesson to be more careful about whom you lend to.”
My dingbat theory is we went second world status sometime after Covid. The shock to the economy never recovered from the shutdowns.
Property ownership is going to be something for the few (privileged) in the incoming future and investors only and what you’re gonna see and I don’t say this with an easy heart is multiple families and friends having to live in the same house to be able to make it.
That’s what they do in the Ukraine. I was wondering when I first went there how in the hell is the property prices $200k but people are only making $3000 a year wages, found out the vast majority all live together roommates that’s how, they all rent
People should remember why they were upset when the big banks were bailed out over the credit collapse in 2007-8.
Your argument was the argument they were using, whether they consciously knew it or not “Why should the big banks be bailed out when they were giving out loans…nay PIMPING OUT LOANS… from people with no credit and no job? Just to keep the mortgage derivatives racket going?”
Until Peter Santelli reminded everyone of the horrible injustice the poor, no credit, no income bad seeds perpetrated on the helpless banks when he did his famous “tea party rant”…that was inspired by resistance to a relatively minor proposed homeowner bailout- a bailout that was positively DWARFED in size and scope by the bailouts big banks actually got.
Then everyone was properly reset to thinking of those poor people as irresponsible cretins who stole from the totally reputable and responsible banks because they were greedy and wanted everything now, now now.
