re: #436 Killgore Trout

It’s an interesting idea but I don’t think they thought this one through. Forgiven debt is counted as income. The OWS guys have no idea who’s debt they’re buying and the “beneficiaries” have no idea either. People in financial trouble are going to get a big tax bill or lose their welfare benefits. It’s probably not a very good idea.

That I had not thought of, nor had they I’m sure. But you’re right that the IRS has thought of it, and that will be brought to the attention of debtors whose debt was forgiven by OWS.

Still, what they’re doing is at least legal and non-disruptive.