Subject:
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Re: A hypothetical economics question...
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Mon, 4 Mar 2002 21:53:41 GMT
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Viewed:
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253 times
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In lugnet.off-topic.debate, Christopher L. Weeks writes:
> I'd like to change your scenario a little. What would happen if the place
> where everyone lived instantly became their property (or at least rightfully
> theirs to inhabit) with no debt on it? And further, debt could not lien on
> that property.
>
> From the idealistic social viewpoint, I don't mind people being in debt for
> their BMWs and toasters and European vacations nearly so much as for their
> houses and educations. But maybe I'm just revealing where 90% of my debt lies.
Heh. I'd be pleased as pie if Zeus could come off his mountain and zap my
student loans with a thunderbolt. Since I'm not yet a homeowner, that hefty
monkey on my back makes up very nearly the entirety of my debt. Not that
I'm shirking my responsibility for a contract I entered of my own free will,
but... Oh heck, sure I am! Where are Brad Pitt and Ed Norton when I really
need them?
Dave!
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Message is in Reply To:
 | | Re: A hypothetical economics question...
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| (...) I'd quit my job. (...) Many wealthy people would lose their perpetual income streams. Many lower middle class people would lose their perpetual debt streams. I'd like to change your scenario a little. What would happen if the place where (...) (22 years ago, 4-Mar-02, to lugnet.off-topic.debate)
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