LogFAQs > #950730396

Alpha218 posted...

10k would be much better than 50k. Im about to go to bed so Im not digging up the stats, but I heard on NPR this morning that the rich have more student debt, and the poor people defaulting on their loans have smaller amounts to pay

So fun history fact. The romans would regularly use debt abolition when they wound up in debt spirals that couldn't be stopped. Naturally, the aristocracy didn't like that, as it was their money owed that was getting nullified.

So caesar takes an absolutely massive loan from the aristocracy in Italy under the pretense of ending their civil war, then goes to speak the people about debt abolition, explaining; "Hey, I think it's a great idea, but I would benefit more than anyone because I have the largest amount of debt"(true following the loan he took out ).

People saw the wealthiest citizen had the most to gain and soured on the idea, even though debt abolition would have definitely been to the benefit of the majority of the people involved.

Basically, that report is the same shit, and 2000+ years later we are still falling for the same exact tactics. Eyyyyyyy.

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Official ANCIENT Killer. I make account bets from time to time so either man up or shut up. The Quote is dedicated to those we have lost.