your debt

6 min video – your debt is someone else’s asset – by astra taylor – art by molly crabapple

via:

Your Debt Is Someone Else’s Asset

Student loans, medical bills, credit cards — Americans are drowning in a record-breaking $15 trillion in debt. https://t.co/wrMm6g5fB4

By @astradisastra, @mollycrabapple, @KimBoekbinder, @battsignal https://t.co/nExh2ppHcT

Original Tweet: https://twitter.com/theintercept/status/1468967901319229440

notes/quotes:

american dream used to be owning your own home.. now it’s to be debt free.. t

households w credit card debt pay around 1155/yr in interest alone.. american’s now die owing an avg of 62 000.. t.. much of it credit card debt..

a significant amount of the 770 bn of credit card debt is med bills.. t. then additional 140 bn of med debt in collections combined w an estimated 50 bn in back rent and 1.4 trillion in auto loans.. 1.8 in student loans

reagan made name 1967 by demonizing protestors on u berkeley.. start charging students tuition so they’d think twice about whether they wanted to carry a picket sign..

biden as senator advance reagan’s project.. a devoted servant of the fin sector.. causing wave of home foreclosures

2 min – but debt not just about money.. it’s about power.. source of profit and tool of social control .. t.. and racial domination

1803 – debt used to get indigenous to give lands

3 min – on debtor’s prison being illegal but full.. and rich/powerful getting bailed out

4 min – it’s time regular people got a break too.. time for a jubilee

5 min – on cancelling loans/debt.. free up money to buy homes.. research estimates that cancelling student debt alone would boost econ by up to 108bn a year and create a million jobs

i get that you need to get attention where attention is (money) .. but this won’t fix our problem.. we need to let go of any form of m\a\p.. otherwise just perpetuating tragedy of the non common.. not to mention all the distraction/exhaustion from having to play this song over and over again.. (protesting, making cool videos, marching, getting rid of loans, jubilees, over and over again)

perhaps let’s try/code money (any form of measuring/accounting) as the planned obsolescence w/ubi as temp placebo.. where legit needs are met w/o money.. till people forget about measuring

we need to org around legit needs

ie: a nother way

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debt at lse.. debt as power.. debt (book).. taylor debt law.. strike debt.. student debt.. debt

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