Help end debt

This is an opportunity to change this country and enable those in debt to start afresh. The economy cannot improve when so many people have less income, more debt and an uncertain future. Stimulate the economy with a debt jubilee for the ordinary people of Scotland. Tax the highest earners and the wealthy corporations but it is time to give permanent relief to Scottish people.

Why the contribution is important

Debt ruins lives. This is an opportunity to stop the cycle of debt. After WW2 there was a debt jubilee whereby debts were eradicated and Europe’s economies started again. People already has so little before; now they have even less. Personal loans and mortgages are impossible to manage for many citizens that work full time.

by Lilytheblue on May 10, 2020 at 12:53AM

Current Rating

Average rating: 2.8
Based on: 7 votes

Comments

  • Posted by Jfmack May 10, 2020 at 09:49

    Existing debt should be pegged to zero interest.The Bank lending rate is extremely low.Credit card companies should not be able to profit from high interest rates on credit card debts.
  • Posted by MikeJohnston May 10, 2020 at 11:21

    So, tax the thrifty and prudent while rewarding the foolish? I fully respect that many people are in debt through no fault of their own. Jfmack is right here. This is where charities can help but robbing Peter to pay Paul is not the way. The Simon Community has done a wonderful job with the homeless/rough-sleeping folk in Glagow City Centre. Hopefully this is the 'new normal'.
  • Posted by Julie May 10, 2020 at 15:40

    Some debt is a direct result of people spending more than they have because they want things rather than because they need them. I have every sympathy with those in need who end up in debt through no fault of their own and the benefit system should be adjusted to help them. I have no sympathy with those who just spend too much and have run up credit and store card debt. That is personal responsibility. You can’t however just right off all debt.
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