[smsm42]

Thanks for the clarification, it was not clear in the original message but makes more sense after the clarification. However, only a little more - among all charity I could do with my money, why should I select this particular one? I still see this would be incentivizing both irresponsible borrowing and irresponsible lending. I'd rather have the same funds go to either helping people in need directly or educating them about their rights and proper bankruptcy debt discharge procedures.

Maybe I'm missing some important points there but it looks like this project is basically giving out money to people after selecting them by the property of being bad debtor (and without any filtering distinguishing unfortunate accidents from sheer irresponsibility). Of course, each person is free to choose his own charitable giving, but so far the case for it does not sound convincing.

[ThomasGokey]

I'd like to give a full response but I'm afraid it would be too long.

Long story short: I'm hoping to use this debt forgiveness project as a way of building momentum for a large scale debt strike/debt refusal campaign.

[smsm42]

I don't think refusing to pay the debt you took voluntarily and spent is ethical or moral. Charity is laudable, even one that I think is misguided, but I don't really think suggesting people defraud their lenders an masse is a good idea. OTOH, I think chances of such campaign to succeed is extremely low, so it becomes just pure charity.

[jchrisa]

If you think there is a moral claim that debts should be paid, you owe it to yourself to read Debt: The First 5000 Years and then see how you feel.