::  Posts  ::  RSS  ::  ◂◂RSS  ::  Contact

Opting Out Of Debt

December 13th, 2012
debt, occupy_boston  [html]
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:

Transfers from Infrequent to Frequent Vehicles

Imagine yourself taking a train somewhere, and imagine the train is big and infrequent. Let’s say it’s the commuter train from New York down the Northeast Corridor to Newark Airport, or perhaps a low-cost OuiGo TGV from Lyon to Paris. Now imagine that you…

via Pedestrian Observations January 20, 2020

Veganism and restrictive eating

I’m reading the book Intuitive Eating, which I highly recommend. I was looking for something like it that could get me back to trusting my biological hunger without worrying that I need to control myself or my weight. It’s raised my consciousness to the w…

via Holly Elmore January 17, 2020

Algorithms interviews: theory vs. practice

When I ask people at trendy big tech companies why algorithms quizzes are mandatory, the most common answer I get is something like "we have so much scale, we can't afford to have someone accidentally write an O(n^2) algorithm and bring the site d…

via Posts on Dan Luu January 5, 2020

more     (via openring)

More Posts:


  ::  Posts  ::  RSS  ::  ◂◂RSS  ::  Contact