Originally posted by newarts On the other hand, I'll avoid passing debt to my heirs - to do otherwise seems morally repugnant. But what happens when an heirless person in debt dies? I guess this is a cost to creditors - and ultimately all of society.
It is morally repugnant..you know in japan they had this contracts, mortages, as long as 75 years obligations and you had the grown up sons sign them...its a very lowly way of tying up and determining someone's life...Why should i stand the burden of another individual? Just because i was born from them?Its kind of like when a country where i was born goes to war...only because i was born there i have to sacrifice my life for other people's interest?
If someone dies in debt its a cost to the creditos, usually financial institutions that have devellopped this casino like capitalism...so why should i care? They get rich promotting an irresponsible way of life, they hope to get revenues out of debt from some people who just borrow because they need to (like when its medical expenses) and i should feel sorry for them? Or support a solution whithin the rules of what created this situations in the first place?
The cost that we all pay doesn't derive from the individual in debt diying it derives from the way we organise our societies...and since this way of organising causes huge problems we shouldn't try to fix it..we should change it.
(You know Jefferson at one point in his life started thinking that one generation had no moral right to impose a way of organising to the next one..of course that was the time where he was influenced by some Hebertiste principles that came from the french revolution, and he never really applied those principles, but i feel he was right, human history's been far from ideal because we carry the burden of past generations.)