I mean, wasn’t that a major plot point for fight club. Wipe out all the debt records?
They’re not unique there. Gen X and even boomers have the same problems exact problem. We live in hell, after all.
Negative wealth? Finally, we can claim to have some form of wealth!
Yeah, are they just churching up the existing word “debt”?
Take a boomer with you to cosign a shit ton of loans. Go to college, get your cancer treated, whatever; then flee the country to a less shitty part of the world. You get a better quality of life, and the debt goes back to the ones that fucked us! Win win!
(normally I can’t stand using the /s, but just in case it needs to actually be said, this is not a serious comment)
Not the dumbest shit I’ve heard today though. With the way the US is headed right now, you’ll be taken in by your new home as a refugee.
There isn’t a lack of wealth in the world. It’s just hoarded by a few covetous billionaires. Sounds like it’s time for a redistribution. Your survival is on the line.
There has been a proposed modern implementation of a historical solution: https://braveneweurope.com/steve-keen-reducing-debt-via-a-modern-debt-jubilee
The people who would vote en masse to prevent this are literate enough to comprehend roughly 2% of that information.
There is a reason biblically they recommend debt jubilees.
It’s all okay. We can all sell our blood and organs to the mega billionaires so they can all go to space and construct an empire there.
And older millennials, in some cases.
Yeah, definitely. I delayed my career after grad school because I was assured (by people who were already set for life) that working as an unpaid intern and doing academic fellowships for slave wages would get me a higher-paying job, especially if I waited long enough for the financial system to recover after the ‘08 crash. That was utter bullshit, and now I have significantly fewer assets than most other elder millennials, am way behind on my retirement savings (which lost thousands in the last week thanks to Trump lighting it on fire…), I will never own a home, will never be able to pay off my student debt, and will probably never be able to start a family. Oh and I have good credit, despite my hundreds of thousands of dollars of student debt. I’ve even had a good job for the last 5 years, but it’s all worthless bullshit when upward mobility is practically impossible, and even maintaining my current “wealth” becomes more unrealistic every day. I’m just surviving, that’s all. And I have it relatively good.
In in a similar boat. All I can do is bail as hard as I can.
Negative wealth! That’s the billionaires boogeyman.
Just 👏 stop 👏 paying 👏
At this rate it won’t be by choice
