On Slates money podcast they were discussing deliberate defaulting on your student loans. 2/3 hosts were adamant that there is no morality to be associated with this. That a loan document is merely a contract and if you are willing to accept the consequences of defaulting then you've done nothing morally probalematic.
This sort of blew my mind. I guess I'd always felt that there is a moral obligation and that simple explanation has me rethinking.
Then today on Death, Sex and Money a corrupt police officer talked about his time stealing and dealing drugs. They finished the interview talking about the 35k/year pension he collects. I felt insanely outraged but his argument was that he was serving and was injured legitimately on the job. So as laid out in the contract he qualifies.
Doesnt our economic system need people to feel a moral not just legal obligation when it comes to money for it to hold up? Is that just because the suckers (me, people who chose to keep paying their severely underwater houses, etc) are numerous enough to balance people who -now I can see, rightly- merely chose to take the legal consequences and bail? Is it time to shake my Pa Ingalls sensibility?