9/ What when this thing melts down? Neoliberals will want the banks bailed out and the debtors abandoned. Progressives will want a jubilee.
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Replying to @vgr
10/ Post-secondary education should be managed as equity rather than debt, with risk distributed across individuals, institutions, society
5 replies 23 retweets 48 likes -
Replying to @chenoehart
@chenoehart@vgr If you think you're going to be rich & successful in the future you're much better off taking on debt than selling equity.1 reply 0 retweets 0 likes -
Replying to @harryh1 reply 0 retweets 0 likes
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Replying to @chenoehart
@harryh@vgr Taxes (when enforced) = similar way for successful people to pay back society where both require % of certain quantities of $?1 reply 0 retweets 0 likes -
Replying to @chenoehart
@chenoehart@vgr Yes, the gov't owns equity in all citizens. And really, given progressive tax rates, enhanced equity.1 reply 0 retweets 1 like -
Replying to @harryh
@harryh@chenoehart it ain't equity without limited liability.1 reply 0 retweets 3 likes -
Replying to @vgr
@vgr@chenoehart Hah! Fair point. I was only considering the financial side, not legal.1 reply 0 retweets 0 likes
@harryh @chenoehart legal side is the fundamental side! Consequences under worst cases define any system of corporatization of the natural..
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