debt isn't real if I don't look at it right?

ComradeSharkfucker@lemmy.ml · edit-2 11 days ago

debt isn't real if I don't look at it right?

infuziSporg [e/em/eir]@hexbear.net · 10 days ago

There are two interlocking parts to direct action debt resistance that remains plausibly legal.

First is the debt whale, who is counted upon by the financial sector to keep generating interest on debts, so must be allowed to take out more debts.

Second is the debt eel, with negligible or no debts and a clean record.

The debt eel and the debt whale get together in a mutualistic arrangement that can be portrayed to the state as a landlord-tenant relationship. All property is legally controlled by the eel as the board member of a trust, which has an organizational imperative to share its resources equitably with all classes of members. Then the whale can go into more debt, funnel it into the trust to expand its holdings, and then declare bankruptcy as an individual, knowing that the trust/org will take care of the whale.

This is similar to how rich people accumulate their money without paying taxes and other premiums on it. The model is fueled by faith in each other, by interpersonal reliance in a form that the state does not recognize as having linked assets.

If you want to do something less scheme-like, just take out the debt-seeking part, and you can simply have a nonprofit that you donate as much as you can to, and the nonprofit is dedicated to housing solutions and environmental conservation (read: you live in unconventional buildings in the woods with all your friends). You can not have any vehicle or commute (besides a shared van/truck for scrapping and dumpster runs), do a bunch of gardening, cook meals in big batches, milk what’s left of society’s safety net, and sing and dance around the campfire every night.

TL;DR give up the strictly individual approach, and live like a communist.