I Facebooked about this earlier in the week, but I haven’t been this excited about an idea in as long as I can remember. A bail out of the people, by… the people?
Rolling Jubilee works in the same way as huge corporations are bailed out and forgiven massive debts. The “Rolling Jubilee” organization buys back real people’s debt at pennies on the dollar and “forgives” meaning “abolishes” it. It is genius.
That means for every dollar you donate, $20 of debt can be abolished. My $50 donation abolished $1000 of a PERSON’s debt. (Not a multinational company. A real struggling person. It could be student loans, home repossession you name it.) Not only that, as a registered charity, my company will match my donation to Rolling Jubilee. Now they are abolishing $2000 debt for my $50. Oh, and of course my gift is tax-deductible, so it really only cost me $35 – to reprieve $2000 of debt from someone I, or you, might even know. How cool is that?
Maybe consider donating ?
Someone on my Facebook page replied that they couldn’t believe I was “indulging freeloaders”. I am choosing to believe they were joking. My response is always that not all people that sleep on the street are drunkards and meth-heads. If you haven’t noticed, some people really are down on their luck right now. Want to go to college? What happens if your parents don’t have a college fund? Hmm, now where does some of this debt come from?
It isn’t just America… England is at it now, too. When I went to Oxford, my education was free. Not any more. Now you have to pay tuition fees starting at £9000/year (and of course that is before books, accommodation and food). Since when did only the rich get to be educated. Okay \\rant off for the day 🙂 .
RollingJubilee.org has a live stream starting at 8pm tonight. Spread the word 🙂 .