“Your Debt Is Someone Else’s Asset”: Calls Mount to Cancel Debt & Halt Wealth Transfer to the Rich

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As calls grow for Biden to extend the moratorium on student debt, we speak with the Debt Collective’s Astra Taylor and feature her new film for The Intercept, “Your Debt Is Someone Else’s Asset,” animated by artist Molly Crabapple. The $15 trillion in U.S. household debt is “a form of wealth transfer” from the poor to the rich, Taylor says. “People are in debt by design.”


This content originally appeared on Democracy Now! 2 and was authored by Democracy Now!.

Citations

[1] “Your Debt Is Someone Else’s Asset”: Calls Mount to Cancel Debt & Halt Wealth Transfer to the Rich | Democracy Now! ➤ http://www.democracynow.org/2021/12/9/student_debt_loan_moratorium