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

Recent posts on blogs I like:

How Does Fiction Affect Reality?

Social norms

via Thing of Things April 19, 2024

Clarendon Postmortem

I posted a postmortem of a community I worked to help build, Clarendon, in Cambridge MA, over at Supernuclear.

via Home March 19, 2024

How web bloat impacts users with slow devices

In 2017, we looked at how web bloat affects users with slow connections. Even in the U.S., many users didn't have broadband speeds, making much of the web difficult to use. It's still the case that many users don't have broadband speeds, both …

via Posts on March 16, 2024

more     (via openring)