Anon Archived Suspend/cancel all tax obligations immediately. Debt Jubilee for mortgages, student loans, and all other such debt. (QRV)
submitted ago by 3702452?
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Archived on: 6/11/2020 10:00:00 AM
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Anon Archived Suspend/cancel all tax obligations immediately. Debt Jubilee for mortgages, student loans, and all other such debt. (QRV)
submitted ago by 3702452?
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[–] 22871206? 0 points 1 point 1 point (+1|-0) ago
Sounds like a Bernie Plan. talk about feelin' the Bern...
with a reset of the dollar and restructuring of the Fed, assets and liabilities will be revalued. Trump's plans for payroll relief alludes to a cancellation of the income tax after the reset, and the SBA loans may continue to afford credit to small biz owners.
the main problems to clean up in mortgages is the MERS system (clouds who owns the paper), mortgage fraud, and financialization of the mortgage market. home prices, however, are grossly out of reach due to [Fed mandated] inflation against suppressed wage growth, plus abusive property taxes in "good" school districts. we should END property taxes and reissue the right of land ownership, or more rightly land stewardship.
the big problem in student loans is also financialization, plus near extortion fees and penalties. student loans should be renegotiated - yes wipe out accrued fees and penalties, leaving a low interest rate principal to pay back. that would be a great relief that would not totally punish the millions who did pay outrageous principal, fees and penalties. reinstate the laws against usury - that would reign in credit issuing agencies ability to prey on students and lower earning workers.
[–] 22878960? [S] ago
I'm not a Bernie Bro or a commie. The current usury system is NOT a free market and is designed for the debt to outgrow the money supply itself forever, until it collapses. Wipe the debt clean and start fresh.
As for your suggestions on land ownership rights etc, we're in full agreement.
[–] 22881320? ago
in total agreement that we do not have a free market. I understand your point about debt and agree with the principal entirely, my point is that the debt - however wrong and evil - is based on contract law and tangible assets are distributed according to agreements. let's consider 2 neighbors: "homeowner" 1 is 15 years into a 30-year mortgage; #2 is a new homeowner and paid 20% down. if a wand wipes out all debt - who owns the home? answer = the BANK (or mortgage holder). the bank will be made whole by wiping out the debt. they own the asset.
Student debt, I agree, is unpayable. It’s a bubble. It’s overvalued. the bubble has to burst. (until 1976, student loans could go into bankruptcy like other debt. In 1978 the usury laws were overturned). If student debt could again be eligible to file (Chapter 13) – if it were legal and simplified, discharging the debt through bankruptcy restructuring leaves the Universities holding the bag – as it should be, because they puffed up enrollment to gain access to Federal grants. Here too, if we ‘wipe out the debt’ – the Universities would be made whole (because student loans are guaranteed) at the expense of taxpayers and paying students. and lawyers will get rich from all the lawsuits.
the debt to wipe clean is Federal Reserve. It makes all these other corrupt debt schemes possible. I fully believe this is coming. repeal the Federal Reserve Act, restructure the Fed - move it into the Treasury, reinstitute asset-backed currency, re-issue US Dollars (fungible) and burn up the devalued US Treasury Notes. interest rates across the board will have to be reset. all debt will be re-engineered, moreover assets will be re-valued.
[–] 22871817? ago
Yes. There should be a better way to fund shit than making your property outrageously expensive due to taxes. Where I am the taxes keep increasing even though the home values have skyrocketed. Taxes go up based on the value of the homes but even that is not enough for these faggits.