Bill Esterson, Chair of HoC Energy Security and Net Zero Committee, calls Ofgem’s proposal to reduce record levels of consumer energy debt that have more than doubled since 2022 “completely inadequate”, saying the cost crisis demands “out of the box thinking” from Government and Ofgem to ensure that “parts of the sector that are making healthy profits become part of the solution to dealing with the high cost of energy”.
https://committees.parliament.uk/publications/50015/documents/269354/default/
#Energy #DebtJubilee #HouseholdDebt
#Debt #Bankruptcy #Capitalism #DebtJubilee: "Millennia ago, everyone understood that debts that can't be paid, won't be paid, and they created a system for discharging debts and freeing productive people from the tyranny of accumulated liabilities, to the benefit of all. Dismantling that system required us to invent an elaborate theological system and dress it up in economic language." https://pluralistic.net/2024/06/17/lovilee-jubilee/
Pluralistic: Bankruptcy is very, very good (17 Jun 2024) – Pluralistic: Daily links from Cory Doctorow

Day 2 and we are 1/3 of the way to our #DebtJubilee!

Folks on the a2mi.social #Mastodon instance are raising money to forgive medical debt for people in #Michigan. This is an amazingly effective tool, if we raise $10,000 we could clear as much as $1 million in debt! A 100x ratio is mindblowing!

If you have the means, please go to https://ripmedicaldebt.org/campaign/eliminate-medical-debt-in-michigan/ and give what you can. $1 donated there can clear $100 off someone's medical debt!

Eliminate Medical Debt in Michigan - RIP Medical Debt

medical debt, michigan, hospital bills

RIP Medical Debt

Some folks on the a2mi.social Mastodon server are raising funds to forgive medical debt in Michigan.

Please consider donating at https://ripmedicaldebt.org/campaign/eliminate-medical-debt-in-michigan/

@Ohbejuan's Mastodon post: https://a2mi.social/@Ohbejuan/111216142986539673

You can learn more about the org behind this at https://www.npr.org/sections/health-shots/2022/08/15/1093769295/this-groups-wiped-out-6-7-billion-in-medical-debt-and-its-just-getting-started

This is the same group John Oliver used: https://www.youtube.com/watch?v=2wSarEVgjM0

#DebtJubilee

Eliminate Medical Debt in Michigan - RIP Medical Debt

medical debt, michigan, hospital bills

RIP Medical Debt
“Most people are not in debt because they live beyond their means; they are in debt because they have been denied the means to live.”
-David Graeber
#debtrelief #debtjubilee
I wonder if the govt will grant the big #Banks their own #debtjubilee when they ask for it.

"The less your income, the easier it is to pile up debt. That obvious lesson hit home in 2020.

The unemployment rate went from 3.5% pre-COVID to a peak of 14.8% in April 2020—the highest level since 1948."

The People's Party of Texas is the only party to call for a total Debt Jubilee for all People. Student debt, mortgages, medical debt, and small business loans are just a few examples of the type of structural debt that perpetuates inequality between those who own capital and those who do not.

#DebtJubilee #DitchTheDuopoly #AbolishCapitalism

https://www.debt.org/faqs/americans-in-debt/demographics/

American Household Debt: Statistics and Demographics

Learn more about the demographics of consumer debt in America, including age, gender, ethnicity, income, education level, and family type.

Debt.org

I bet you won't find another political party in Texas publicly advocating for a global debt jubilee, just sayin'...

"...a ruling class whose main claim to wealth is no longer the ability to make anything, or even really sell anything, but increasingly on a series of credit-scams propped up by government support, has to rely very heavily on every mechanism that might make tend to legitimize the system. This is why the last 30 years of 'financialization' have been accompanied by an ideological offensive unparalleled in human history, arguing that current economic arrangements — which they have rather whimsically dubbed 'the free market' even though it functions almost entirely through the government giving money to the rich, is not just the best economic system, but the only economic system that could possibly exist..."

https://davidgraeber.org/articles/after-the-jubilee/

#DebtJubilee #PeoplesPartyofTexas

After the Jubilee – David Graeber

The founding fathers of the United States truly hated the laboring class. The concept of American "freedom" is entirely fabricated, perpetuated by a barely-educated youth who gladly march into their own chains put in place by the owning classes.

"If all were to be decided by a vote of the majority, the eight or nine millions who have no property, would not think of usurping over the rights of the one or two millions who have? ...
Debts would be abolished first; taxes laid heavy on the rich, and not at all on the others; and at last a downright equal division of everything be demanded, and voted. What would be the consequence of this? The idle, the vicious, the intemperate, would rush into the utmost extravagance of debauchery, sell and spend all their share, and then demand a new division of those who purchased from them. The moment the idea is admitted into society, that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence."

- The Works of John Adams

#DebtJubilee #Anarchy