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

Democracy Now! 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.” #DemocracyNow Democracy Now! is an independent global news hour that airs on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 8-9AM ET: https://democracynow.org Please consider supporting independent media by making a donation to Democracy Now! today: https://democracynow.org/donate FOLLOW DEMOCRACY NOW! ONLINE: YouTube: http://youtube.com/democracynow Facebook: http://facebook.com/democracynow Twitter: https://twitter.com/democracynow Instagram: http://instagram.com/democracynow SoundCloud: http://soundcloud.com/democracynow iTunes: https://itunes.apple.com/podcast/demo… Daily Email Digest: https://democracynow.org/subscribe