Life in debt is better for now. But it will be way worse in the future if things won't go your way and they most likely won't. There's plenty of people willing to indebt almost everybody, because it's profitable. They sell temporary life above means for future wage slavery.
The question is, do your really believe loan sharks and other lenders are saviors of the poor?
In absence of lenders the issue of poor people would need to be solved systemically. Instead the government abstains and lets poor sell themselves to the highest bidder.
When it comes to calculating wealth in the context of social justice it's absolutely correct to count debt as negative.
> do your really believe loan sharks and other lenders are aviors of the poor?
How and what I believe society should be organized and who is good and bad has nothing to do with how society is.
Debt is negative, but it's that you can't just smush the two numbers together and have a valid comparison. A pauper with $0 to their name, living on the streets, and a person living in a $1 million house with $1 million in debt are living two very different lives.
The question is, do your really believe loan sharks and other lenders are saviors of the poor?
In absence of lenders the issue of poor people would need to be solved systemically. Instead the government abstains and lets poor sell themselves to the highest bidder.
When it comes to calculating wealth in the context of social justice it's absolutely correct to count debt as negative.