People “spend irresponsibly” for a ton of reasons like medical expenses, paying for a funeral, having mental illnesses that they don’t even know about, etc. Life happens.
They received money from a rich guy or corporation who knows of the risk of their money going “poof.” Creditors aren’t mom-and-pop shops, and they will survive if an investment doesn’t go well. The same cannot be said for the person in deep credit card debt. Oftentimes, the lenders are the ones who have predatory practices and purposefully make it easier for peoples’ debt to spiral out of control, and you shouldn’t feel bad for those lenders.
medical insurance is a must, otherwise you are gambling and the chances to lose this bet are quite high.
funerals happen unexpected - when they actually absolutely do not. Everybody can be sure to die, so plan accordingly.
being “in deep credit card debt” is too late. One should never have swam out this far. Being “a tiny little bit in debt” should have the alarm bells blasting as financing is not self sustaining, “a tiny litte bit” is already much too late already because you’ve entered the spiral
student debts - well, not everybody has to study. If you can’t afford it reflect on it, if you really must. And if yes, seek alternatives like leaving the country tht is hell-bent to enslave you in debt if you want to study, find sponsors, arrange it with your expectations about a longer time horizon, etc. You are not able to pay for it? Do not do it! Seek solutions.
medical insurance is a must, otherwise you are gambling and the chances to lose this bet are quite high.
You can still have deep medical debt with good insurance. Saying otherwise is incredibly wrong and out of touch. This also ignores how good insurance is inaccessible to a good chunk of the population.
funerals happen unexpected - when they actually absolutely do not. Everybody can be sure to die, so plan accordingly.
Explain how someone who has 0 room in their budget after food, rent, and utilities can plan for the costs of a sudden death. The situation I described is incredibly common in America.
being “in deep credit card debt” is too late. One should never have swam out this far. Being “a tiny little bit in debt” should have the alarm bells blasting as financing is not self sustaining, “a tiny litte bit” is already much too late already because you’ve entered the spiral
Please explain how to avoid credit card debt when basic necessities cannot be obtained with the income you have. Assume that you can’t get a 2nd job because of child or eldercare duties.
student debts - well, not everybody has to study. If you can’t afford it reflect on it, if you really must. And if yes, seek alternatives like leaving the country tht is hell-bent to enslave you in debt if you want to study, find sponsors, arrange it with your expectations about a longer time horizon, etc. You are not able to pay for it? Do not do it! Seek solutions.
This would leave college inaccessible to the vast majority of students, especially from lower income families. Not going to college isn’t a solution when well-paying jobs require college degrees.
Your “solutions” in 2024 are essentially blaming lower-income individuals for being lower income individuals. Oftentimes, these lower-income individuals are lower-income because they were born into lower-income families and had fewer opportunities to become wealthy as a result. In 2024, basic necessities are inaccessible to many Americans because their wages aren’t high enough to meet the rising costs of these basic necessities. Their choice is to either suffer without basic needs and be able to afford less and less because their wages remain stagnant or to make poor financial choices to be able to live. Yes, the US has safety-net programs to help lower-income individuals gain more opportunities. No, these programs are not enough because they are underfunded, and the funds allocated to them are mishandled. No, it is not easy for individuals to get out of deep poverty. No, “don’t make even a single financial mistake in your life or you’ll suffer for 70+ years” is not a solution.
you do realize that bankruptcy does have consequences, right? for one, it’s nearly impossible to find a new place to live if you’ve ever declared bankruptcy. If you work in certain sectors, you can lose your job. if you’re a government worker, you’d lose your security clearance or probably even a public trust. If you lose your job, new companies that might hire you would likely do a credit check for some reason and find you unqualified because of that bankruptcy.
So it’s double-triple bad to have debt? Then manage the finances, assess the risks, cut unrealistic expectations that will toss you into the debt spiral, because it’s triple-bad. Who is to blame?
It’s irresponsible for banks to loan money, they pay many people salaries for risk assessment before loaning it. Also their loan is insured so even if you don’t pay it back they write the loss off.
Indeed. But they want to make money, so they rise the interest rate to make even more money and cut losses on failed debt repayments.
They solely exist to make money by extorting the people in debt. Who would have guessed?
So? Never have debts.
“Consumer” debts should ethically not exist as consumers just consume the money and are therefore not able to pay it back as it is not an “investment” debt, which has the chance to succeed.
Personally I don’t really hate Ubuntu, but I tend to find that everything it does, there’s something else that does it slightly better.
For example, it’s supposed to be a good ‘beginner’ distro or good for something that ‘just works’, but IMO things like Mint or Pop!OS do it a little better these days. Snap is supposed to be a nice simple way to manage packages without worrying about dependencies, but Flatpak does it better and so on.
So yeah I don’t hate it, I just don’t see any particular reason to really use it. Opinions may vary though of course.
I’m quite happy with Linux Mint Debian Edition. I think it is the future of Mint. It’s on a very recent kernel, and more and more software I use nowadays is in Flatpaks anyways. I don’t feel like I’m missing out on much new stuff, but maybe I’m just not aware.
How different is it from regular Debian? Like if I’m very experienced with Debian, does that equate to being able to easily use Mint Debian Edition too?
I found normal Debian to be a little unpolished for my liking. Even using the Cinnamon DE, it was lacking some niceties that Mint brings. I don’t think you’ll have any trouble using Mint.
So just use Googles resources, build decentralized identities (@ all content creators!) and you are just fine for the dooms day when Youtube uses DRM or something
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