If you are onboard with existing financial systems collapse hell yeah! Considering we’re headed that direction anyway with a less favourable outcome more likely 😅

This used to be done regularly even in feudal societies, it can and should be done

Only if the people have to give up whatever assets were purchased with said debt otherwise you’ll still have a class of people with much more than everyone else since billionaires purchase almost all of their things with debt, not with their own assets.