The People's Bailout: a Live Telethon for the 99%
Posted 12 years ago on Nov. 15, 2012, 8 p.m. EST by OccupyWallSt
Tags:
strike debt,
debt,
rolling jubilee
EDIT: Show's over – with enough raised to abolish over $5,000,000 of debt! Keep the Jubilee rolling: click here to donate!
Join Strike Debt for an updated version of an old classic, the telethon, to launch The Rolling Jubilee, a campaign that buys debt for pennies on the dollar and does away with it. Instead of collecting the debt, we will abolish it and help free the debtors!
People shouldn’t have to go into debt for an education, because they need medical care, or to put food on the table during hard times. We shouldn’t have to pay endless interest to the 1% for basic necessities. Big banks and corporations walk away from their debts and leave taxpayers to pick up the tab. It’s time for a bailout of the people, by the people.
It will be a wild night of music, comedy, magic, education, and the unexpected. This fast-moving variety show will mix well-known performers, intellectuals and activists from Strike Debt and Occupy Wall Street.
THE PEOPLE’S BAILOUT will feature music, comedy, education, magic, and the unexpected. Special guests include Janeane Garofalo, Lizz Winstead, Hari Kondabolu, David Rees, actor/director John Cameron Mitchell, Jeff Mangum of Neutral Milk Hotel, Lee Ranaldo of Sonic Youth, Guy Picciotto of Fugazi, Tunde Adebimpe and Kyp Malone of TV on the Radio, Climbing Poetree, the Invisible Army of Defaulters, Holistic, Kool A.D. and Dapwell of Das Racist, The Music Tapes, Rude Mechanical Orchestra, members of Healthcare for the 99%, Occupy Faith, and many more.
$25 (abolishes an estimated $500 worth of debt)
$50 (abolishes an estimated $1000 worth of debt)
$100 (abolishes an estimated $2000 worth of debt)
$250 (abolishes an estimated $5000 worth of debt)
I need a post to bump to keep this sucker somewhere near the top. Hey, this works nicely.
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But sir. Lenny the loanshark doesn't even charge that much.! Sounds criminal.
Excellent point on a VERY important matter. Never Give Up! Occupy The Debt!
Strikedebt news from occupy theory
http://occupytheory.org/read/the-clock-strikes-red-strike-debt-occupy-student-debt-campaign-declaration-of-solidarity-with-students-for-a-free-cooper-union
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Don't 'assume' anything; just keep 'OccupyingYourButthole' with your head! Debt-slavery, the trading of debt as well as the wealth extraction resulting from compound interest, is probably way beyond your head especially given where it is right now and I really don't expect that it touches your heart either.
PS: Not at all surprised that the b.s. comment was deleted after I called you out on it. Chicken!
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Snowball this effort.
Get your employer to donate.
Urge your representatives to redirect bankster no interest loan monies to the peoples bailout.
Snowball it
(Bumped again!)
Action Alert. Strikethedebt upd.
http://www.thenation.com/blog/173215/strike-debt-declares-healthcare-emergency-its-matter-life-or-debt
The rolling jubilee rolls on.
bumped again!
What a gr8 success for the telethon.
This is a GREAT concept, one that hopefully might catch on long-term.
This was an awesome night - very successful. National strike debt groups to be formed - announced at the end of the program tonight.
Watch Now - Janeane Garofalo Rocks!
Now that is really cool. Thank you.
that's Fantastic
Bump. :)
Excellent. OWS people. You are good.
I think this a great idea but everyone needs to know the IRS taxes discharged debt as an income. Whoever is having their debt dismissed will have to pay tax on the dollar amount.
Probably easier to set-up a payment plan for that - then to pay the original debt - lot less to pay as well.
Totally agree. Not knocking the idea at all. Just trying to ensure folks are informed.
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Legit!
Rolling Jubilee: Live Telethon - NOW
Watch now - tell a friend - tweeted.
Question/Consideration = for those who will have their debt or part of their debt abolished.
It was mentioned in a comment on this thread that the government will tax the debt abolished - as an income to the individual who's debt was cancelled.
Question ; The amount taxed by government is only the original debt amount isn't It? I mean they don't tax for accumulated interest do they? I mean if they do shouldn't they tax the original lender? And if interest was not collected then no tax should be applied?
Does this make sense? If so - what are the realities of practice?
$25 abolishes $500 debt, and a Nigerian Prince wants to give you $1.5 million
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Food for thought - In compliment to the rolling jubilee.
Support or oppose issues. Like oppose the current legalization of usury - hell even the national debt is charging usurious interest. How do you pay off the national debt - when you can't even make the interest payments?
Campaign against usury. Will make debt abolish-meant easier.
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5,000,000 of medical debt targeted to be abolished - talk about a good cause. Announced at midnight. Tweeted
260K reported at 11:15 East Coast time. Rock-on.
Watch now- live.
Awesome!
Only
$16,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000
to go
Great, can you spare a dime?
Congratulations STRIKE DEBT - GoodNight GoodMorning GoodDay GoodAfternoon GoodEvening EverBody. 5,000,000 of medical debt targeted to be abolished - talk about a good cause. Announced at midnight. Tweeted
I don't know if this link has been posted yet.
https://www.youtube.com/watch?v=m-EMlVfQtVI&feature=youtube_gdata_player
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