Quote:
Originally Posted by Rochard
I am fine with this.
The recession destroyed the credit of a lot of people. I have friends who did nothing wrong, but both husband and wife lost their jobs, lost their homes, and couldn't pay any of their bills.
Having bad credit doesn't mean they cannot afford a home. And the entire "credit system" is a fucking farce anyhow - You can have perfect credit but then you loose your job and suddenly four months later you cannot pay any of your bills.
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Jesus Rochard, I expect more critical thinking from you usually.
First of all creditworthiness and "did nothing wrong" don't belong in the same sentence.
You are way oversimplifying here to the point of irrationality. As someone above pointed out, living on the ragged edge of affordability with little or no savings or assets or diversification and not much employability or willingness to adapt is EXACTLY the definition of non creditworthy.
Just because you think they are nice people you want to start the whole cycle over again? No. Fuck them. They can try harder, retrain, take a lower paying job, and live in a smaller house or rent. There is just NO other option. Nobody can afford to carry the rest of society on our backs no matter how good the economy is/how rich you are /etc.
That is to say - altruism would be great. If we could afford it.
When you remove evolutionary fitness and feedback from a system (which this does) you cripple the systems ability to self correct and begin a process that will end in a death spiral.
The only way to compensate for a system like that is to import value from outside the system to balance out your losses in value and productivity and fitness etc. Short of 100% efficient cheap solar or "free energy" or nuking the rest of the world to plunder their resources there is just no way to do this right now. And of course you would never escape the price indolence and lack of fitness/competition/adaptation would exact.
A hand up to the deserving is not the same as a crutch. This is a crutch.
Encouraging weakness never, ever, ends well.
Now, you wanna talk limiting profiteering, gouging, government fuckery, the whole system of corporations having way too much influence and getting away with too much, sure, let's redefine the system a little.
As far as I know in the history of the world, whenever something is paid for by the government (and this is similar) it gets more expensive to compensate. Quality probably goes down. And more money is concentrated in the hands of the people in charge, not the people it was meant to help.