On: The history of the end of poverty has just begun

[coldtea]

If you're a rich person with stuff in your company's name, or some kind of structured impersonal assets (and ultimately, relatives to take care of you, and friends to do you favors every time you bankrupt and default Trump-style) yes.

Otherwise, there are repercusions from one that aren't there on the other - up to incoming a debt slave to your default's arrangement, not getting any credit anymore, and even ending up homeless.

[WalterBright → coldtea]

You're still getting something for nothing. And in a few years, your debt is expunged.

[DarylZero → WalterBright]

By your logic literally everything is free, since you can borrow cash and pay for it with cash and default on the debt.