[iammisc]

The idea that replacing ownership with loans will lead to good outcomes is frankly shocking to me.

There's a reason all major religions historically prohibit usury (the charging of any interest, as well as enforce debt jubilees), while encouraging ownership.

Frankly, this sounds like a great idea, but it vastly understates the role of the markets (esp the stock market) in lifting others out of poverty.

Humans are not machines. We cannot always work. Stock ownership provides the ability for the disabled, the elderly, etc to earn income based off of work they'd already put in. It's like buying a stake in society. Without it, each person would be measured based off their economic output. I know you claim that's how the current system works, but imagine how much worse it would be if there were no other way to earn money other than by working.

> It would vastly increase equality, with out increasing destitution.

This is a claim stated without data.