[QUOTE]Starting Monday, thousands of Croatia's poorest citizens will benefit from an unusual gift: [B]They will have their debts wiped out.[/B] Named "fresh start," the government scheme aims to help some of the 317,000 Croatians whose bank accounts have been blocked due to their debts.
Given that Croatia is a relatively small Mediterranean country of only 4.4 million inhabitants, the number of indebted citizens is significant and has become a major economic burden for the country. After six years of recession, growth predictions for Croatia's economy remain low for this year.
[/QUOTE]
[url]http://www.washingtonpost.com/blogs/worldviews/wp/2015/01/31/croatia-just-canceled-the-debts-of-its-poorest-citizens/[/url]
Thats oftenly nice of them.
Wouldn't this involve the government paying off the debts of all of those people?
Nice of the government, but nothing's going to stop foolish people making bad financial decisions and ending up with debts they cannot repay again.
[QUOTE=Superwafflez;47058131]Nice of the government, but nothing's going to stop foolish people making bad financial decisions and ending up with debts they cannot repay again.[/QUOTE]
That assumes that the debt was the result of bad decisions. I don't know how things are in Australia, but here in the West people who want an education beyond high school and are not rich are saddled with a crippling debt when they get student loans to pay their way through college or university.
[QUOTE=Superwafflez;47058131]Nice of the government, but nothing's going to stop foolish people making bad financial decisions and ending up with debts they cannot repay again.[/QUOTE]
For many though it may be the beginning of a step out of poverty. Financial irresponsibility isn't inherently a poor person thing, it just hits the poor harder.
[QUOTE=archangel125;47058189]That assumes that the debt was the result of bad decisions. I don't know how things are in Australia, but here in the West people who want an education beyond high school and are not rich are saddled with a crippling debt when they get student loans to pay their way through college or university.[/QUOTE]
Not to mention you could go into debt because of medical reasons.
[QUOTE=Aide;47058201]Not to mention you could go into debt because of medical reasons.[/QUOTE]
Murica.
[highlight](User was banned for this post ("shitposting" - Orkel))[/highlight]
[QUOTE=Superwafflez;47058131]Nice of the government, but nothing's going to stop foolish people making bad financial decisions and ending up with debts they cannot repay again.[/QUOTE]
their problem?
[editline]2nd February 2015[/editline]
[QUOTE=Superwafflez;47058207]Murica.[/QUOTE]
awful poster
[QUOTE=Superwafflez;47058239]Awful healthcare policy.[/QUOTE]
"[B][URL="https://www.google.com/maps?q=Croatia&es_sm=122&um=1&ie=UTF-8&sa=X&ei=QQPPVNSYOMGgNsSlgWg&ved=0CAkQ_AUoAg"]Croatia [/URL][/B]cancels debts of its poorest citizens"
of course it has universal health care there so whatever but your point is totally shoehorned and doesn't JUST apply to america
[QUOTE=archangel125;47058189]That assumes that the debt was the result of bad decisions. I don't know how things are in Australia, but here in the West people who want an education beyond high school and are not rich are saddled with a crippling debt when they get student loans to pay their way through college or university.[/QUOTE]
In australia we take out loans for university, just like you guys do however university is nowhere near as expensive as it is in america and the interest fees aren't too high either. My Uni is about $8000 dollars a year if i remember correctly
When you look at the numbers, these people are not likely to ever get out of this debt without help. So do you just want to sort of have a large number of people permanently so far in debt they'll never get out? What's the point of that?
On the other hand, not owing money is one thing, bringing IN money is another. Clearing debt without also making sure these people have a path to increasing their income will be pointless. There is a reason they got into debt in the first place.
This is actually a really old concept.
Sumerian kings would cancel debt several times per reign, this is where the first word for "freedom" (amagi) is found. Jubilee was a similar thing where jewish kings would cancel debt.
People get into debt and have been doing so for 1000s of years. In lots of cases it would end up with peoples lives being fucked up as they lose their property (or family in historic cases) this used to cause a fair amount of problems.
Makes sense to be honest. The debt is likely comparatively small, but now 300,000 people are less likely to commit suicide, have more faith in their government and have a second chance. Lower suicide rate, lower crime rate, and for not much money.
Guys, sadly this is not efficient. This wiping of debts is only intended for ones receiving benefits from the state (elderly and the adult unemployed). The affected people do not have and will not find a job. This 'wiping' will only delay the inevitable.
This is not working.
This plan was also introduced because the elections are a few months away. For the last 3 years the current government has systematically destroyed our economy with great precision.
Fuck these bastards.
While this will be a major benefit to the ones involved, but we all know how will it reflect to the rest. They'll ramp the taxes again, rebalance the budget to make sure that the bureaucracy doesn't dump a single person, and then beat some dead horse from the 90s with the CDU to distract the population until elections. It always goes that way, no matter who gets elected.
Less debt in the public means more public spending though. It could be very beneficial for the local economy if implemented correctly.
Punishing poor people for being poor in a world where people aren't valued as humans but as statistics seems counter productive. This debt wipe seems to have the right intentions.
[QUOTE=archangel125;47058189]That assumes that the debt was the result of bad decisions. I don't know how things are in Australia, but here in the West people who want an education beyond high school and are not rich are saddled with a crippling debt when they get student loans to pay their way through college or university.[/QUOTE]
Not everywhere in the west. Education in Europe can be a lot cheaper than in America.
being so poor to the point of being unable to pay off debt is just suffering on two parts; The government, and its people... Here you're killing one bird with a stone, but that's better than having two...
[QUOTE=Savant231A;47059175]Guys, sadly this is not efficient. This wiping of debts is only intended for ones receiving benefits from the state (elderly and the adult unemployed). The affected people do not have and will not find a job. This 'wiping' will only delay the inevitable.
This is not working.
This plan was also introduced because the elections are a few months away. For the last 3 years the current government has systematically destroyed our economy with great precision.
Fuck these bastards.[/QUOTE]
Do you know for certain the adult unemployed will never find a job?
Lol you friendly and optimistic guys. This is elections year, and it will probably be misused like always, so the country will end up paying IPhone phone bills and such.
[QUOTE=G-Strogg;47060054]Do you know for certain the adult unemployed will never find a job?[/QUOTE]
How often does a citizen, aged 30+ find a stable job to provide for his family?
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