Re:California will pay off all past due rent
by risk000 on Wednesday June 23, 2021 @01:38PM
(#27607417)
This is one of the reasons why the brilliant and unconventional economics professor Steve Keen recommends a debt jubilee for all citizens:
https://www.youtube.com/watch?v=TBbXwQTvl_g
It circumvents the moral hazard you mention while alleviating the problems that are impacting all of us.
This is truly a moral hazard. https://en.m.wikipedia.org/wiki/Moral_hazard
You must give a tax refund to anyone that did pay rent fair and square and also prove they paid under duress (paycheck to paycheck or some threshold near it). The only ones that don’t get a refund are those who live in affluent areas, or are well off beyond reason.