In A Raw Story article today, it was shown that a group of Occupy activists have raised some $400,000 to buy bad personal debt for pennies on the dollar, which they then forego and release the people concerned form the burden of health care and student debt.
The full article is here
Now according to my simple math, if
According to Strike Debt member Ann Larson, “for every dollar of debt we abolish, we paid only two cents.”
then a multi billionaire like Gates or Zuckerberg could toss in the odd billion, then they could release some $50 billion of debt each.
Obviously, I won't waste any pixels on parasites like the Waltons or the Kochs..