Strike Debt: Rolling Jubilee

Discussion in 'Politics' started by Cowman, Nov 13, 2012.

  1. Cowman
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    Cowman Cows Have Liberal Minds

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    One year later, Occupy has a brilliant new plan: A people’s bailout | Death and Taxes

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    I certainly know the kind of people around here that would HATE this sort of thing. They'd rather pay their debts off like honest hardworking folks.
     
    Last edited: Nov 13, 2012
  2. Cowman
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    Cowman Cows Have Liberal Minds

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    Nobody likes or hates this idea?

    Shocking!
     
  3. MeBelle
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    MeBelle Mebellien Mothership © Supporting Member

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    Geezz!

    Could you give a person a few moments to read, follow the link and digest the info? Perhaps think on it for a few??
     
  4. occupied
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    occupied Gold Member

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    I like it, bundled debt is often sold off for far less than it is worth individually, especially if it is risky. I hope it goes far.
     
  5. Cowman
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    Cowman Cows Have Liberal Minds

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    Been 24 hours.
     
  6. KissMy
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    KissMy Free Breast Exam

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    Eliminating someones debt completly is not the best use of their money. They should either analyze each case & only eliminate it down to a level the person can maintain, like 66% of income, or they could just erase 20% of everyones debt.
     
  7. Cowman
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    Cowman Cows Have Liberal Minds

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    Why not all of it? They're buying bulk debt.
     
  8. KissMy
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    They can't afford all of it. Helping more people is better than overhelping a few. Enough to get the person or family stable will do the economy just as well as erasing all of it.
     
    Last edited: Nov 14, 2012
  9. Cowman
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    Cowman Cows Have Liberal Minds

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    It doesn't work that way. They buy all of the debt. They can't just buy a portion of the debt. Why buy all of the debt and only erase some of it?
     
  10. MeBelle
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    Well you just bumped the post for me then...:D
     

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