You put the finger in the wound with that ruleset though - first the negative of what you’ve said:
if you don’t allow debt to be calculated against you fuck Up people who literally want to invest in their future (buying machinery for their dream job for example).
If you do allow debt dedication then you get the status quo: oh I do owe a yacht but I have w huge debt on that - sure I have a collateral against that debt but here is clever accounting and suddenly the net worth of the billionaire is negative on paper.
I really like what you’ve described, I only lack the fantasy on how to avoid this banking exploitation by peiple who are smarter and more ruthless than me. :(
You put the finger in the wound with that ruleset though - first the negative of what you’ve said:
if you don’t allow debt to be calculated against you fuck Up people who literally want to invest in their future (buying machinery for their dream job for example).
If you do allow debt dedication then you get the status quo: oh I do owe a yacht but I have w huge debt on that - sure I have a collateral against that debt but here is clever accounting and suddenly the net worth of the billionaire is negative on paper.
I really like what you’ve described, I only lack the fantasy on how to avoid this banking exploitation by peiple who are smarter and more ruthless than me. :(