Opting Out Of Debt

December 13th, 2012
debt, occupy_boston
A quaker friend invited me to a strike debt event:
This event is for everyone with debt, who hates debt, who understands enslavement by debt and wants to end it. To prepare for this meeting, background and study materials are at: strikedebt.org.
Which got me thinking: you can opt out of debt. Even if you already have lots. If you feel enslaved by it and want to remove yourself from the debt system, you can go through bankruptcy and have your debts forgiven. [1] The downside is that people won't lend to you in the future, but that's not a problem if you're opting out.


[1] A few categories of debt survive bankruptcy: child support, student loans, some taxes. People with them can't fully opt out of the debt system. This seems bad: in as much as bankruptcy is important for helping people get back on their feet I don't see why these categories should be special.

Comment via: google plus, facebook, substack

Recent posts on blogs I like:

Three cheers for the tomboy chaser

Three cheers for the tomboy chaser!

via Thing of Things January 30, 2026

2025-26 New Year review

This is an annual post reviewing the last year and setting intentions for next year. I look over different life areas (work, health, parenting, effectiveness, etc) and analyze my life tracking data. Highlights include a minimal group house, the usefulness…

via Victoria Krakovna January 19, 2026

Why I Don't Think My Braces Were Worth It

A couple weeks ago, I got my braces off. I kind of wish I had never had them, though. When I was younger, two of my teeth were sticking out, and they looked kind of funny. I thought that my teeth were just fine, and I didn't want to get braces. But s…

via Anna Wise's Blog Posts January 3, 2026

more     (via openring)