Can you expand on what you mean by it could have been forgiveness, not sure I understand what you meant there.
Are you talking about a system where we would have submitted our bills that need to be paid monthly and the government essentially paid those minimum payments until the go back to work things occurred? That would have helped a lot of people if so, but a lot of people can be manipulated quickly to not like anyone they don’t know, so I imagine that would be extremely hard to pass. "Well Steve filled his credit cards doing stupid shit, why should he be receiving so much when I don’t get anything more because I was “responsible”. If there was a way to freeze the majority of all new credit being used during the pandemic that would have been a great solution maybe. I just don’t think we can get people to care about others hardships, rather than blame others for hardships.
There should have been a nationwide pause on foreclosures like was done during the pandemic. Review the loans, refinance to reasonable levels. Revalue houses where prudent, fix predatory loans and fuck those banks that sold them.
And instead of giving banks a trillion dollars we could have spent that on a universal basic income that would have been up to the individuals to spend. Like any other income.
The big argument for bank bailouts was that the payroll system would collapse. A UBI could have made it at least not dire.
Can you expand on what you mean by it could have been forgiveness, not sure I understand what you meant there.
Are you talking about a system where we would have submitted our bills that need to be paid monthly and the government essentially paid those minimum payments until the go back to work things occurred? That would have helped a lot of people if so, but a lot of people can be manipulated quickly to not like anyone they don’t know, so I imagine that would be extremely hard to pass. "Well Steve filled his credit cards doing stupid shit, why should he be receiving so much when I don’t get anything more because I was “responsible”. If there was a way to freeze the majority of all new credit being used during the pandemic that would have been a great solution maybe. I just don’t think we can get people to care about others hardships, rather than blame others for hardships.
Sorry should be a been more clear.
There should have been a nationwide pause on foreclosures like was done during the pandemic. Review the loans, refinance to reasonable levels. Revalue houses where prudent, fix predatory loans and fuck those banks that sold them.
And instead of giving banks a trillion dollars we could have spent that on a universal basic income that would have been up to the individuals to spend. Like any other income.
The big argument for bank bailouts was that the payroll system would collapse. A UBI could have made it at least not dire.