I guess it's not a penalty if you are able to invest the money you get from the helicopter drop in assets, or a sweet gaming rig, while other people are just paying down debt?
On the theory that everyone gets cash, and for those with debt, the cash goes to the debt first, sure. But If I'm reading the proposal correctly, the argument is to just drop money into the debts. Suckers who lived responsible lives up front are left in the dust. This seems ... not healthy for society in the long term.