Including their wages

So they should want people to pay off debt so they dont go bankrupt you would think

Sure but that comes out of monthly expenses

Interest though

Doesn't matter as long as everyone keeps receiving cash

The inverse would actually promote collecting debt

Like if the government said "nah you owe 300k in student loans for your queer feminist butterfly studies degree, pay us less" why wouldn't people spend beyond their means?

"Oh if I put myself in debt I go down a tax bracket"

I'm not promoting any policy per se

Sure

I'm just saying its opposite would be hilarious

ye

But should debt be ignored all-together?

Basically yeah

I mean you can declare bankruptcy if it gets to be too much

How does bankruptcy effect tax revenue and economy as a whole on macroeconomics?

I'm not sure actually

Like obviously if everyone is forced to bail on their debt it fucks things up

But one or two people is probably fairly negligible

http://www.uscourts.gov/news/2017/10/18/bankruptcy-filings-decline-smallest-years

If it was only a couple wouldn't be as bad

This is also why banks are supposed to be responsible though

"supposed to be"

banks in general are responsible cuz they can't afford to lose money

Unless they get bailouts

yes thats the issue

if the state covers them they can be reckless

Too big to fail is a scam

It's not a scam, it just means they're too big. If they're too big to fail they should be broken up.

It means they get bailed out on the taxpayer's dime when they fail

tehn tehy didnt fail did they XD if they got bailed out

Well if they didn't fail where did the money go?

they failed, and in order to not cause so much chaos, the government uses tax money to cover the losses so the company can try again

yeah bullshit liek if it was a gouvt intisution

You can always fail

You cannot be too big to fail

Most of the banks that were "too big to fail", and investment companies? Yeah, they had to get bailed out.

Mostly because they had all of the retirement funds for the government employees

So of course they too OTHER people's money to save their money

As much as i dont like bail outs

They do have to pay back the money