Would you rather spend 20 minutes reading about the hazards of predatory debt collection, or would you rather spend 20 minutes watching someone forgive millions of dollars in debt, complete with a giveaway that professed to put Oprah Winfrey’s famous “You Get a Car!” gimmick to shame?
If you chose Option B, congratulations, you are precisely the target audience for John Oliver’s “Last Week Tonight,” a show that understands that the best way to convey vital information in an age marked by attention deficit is to wrap it up in spectacle.
60k to him, but 15m to the people who owed the debt.
Justin Clark
Debt that was so bad it would likely never have been collected anyway.
Colton Torres
I watched the video and I just don't understand Johnny boy. He goes on about how debt is "evil" and how forgiving it is OBVIOUSLY the right thing to do. Is this the endgame of leftist entitlement culture? I mean, nobody held a gun to your head when you accrued that debt. Pay it the fuck back. I mean there's something to be said about the Jewishness of predatory lending and usury but we all know that's not his angle.
I just don't get it... I never thought liberal mental gymnastics would impress me again but this one gets me.
Kevin Myers
Debt that was literally worth 60k. As it was probably 10 year old debt that hasn't had a single payment.
John Baker
Debt that an unpleasant debt collector could have used to make the lives of some of these people miserable. Not everyone understands the FCRA
Nolan Cooper
He should tell his kike friends to forgive debt too
Nolan Adams
>no one held a gun to their head >it was medical debt >some if it may have literally been because someone held a gun to their head >maybe they should just have chosen not to get sick
Logan Ross
>Need something/service >Can't afford >Find lenders >Agree to their terms >Presumably didn't read small print or T&Cs >Now in debt >No intention of paying it back >WAAAAHHHH I SHOULDN'T BE MADE TO BE PERSONALLY RESPONSIBLE FOR MY OWN ACTIONS! BERNIE 2016!
Fucking scum. Thank god my parents taught me never to get a credit card or anything like that.
Justin Foster
He forgave 15 million in debt that has already destroyed credit scores and was uncollectable
It was just chauvinistic gesture with no real purpose
Blake Brown
Probably debt that was past that point.
Joshua Davis
Being against usury is a Marxist staple. It's nothing new.
Aiden Lee
Banning usury is pretty much 100% anti-Jew.
Isaac Clark
>get cancer >well it would be financially irresponsible to put myself into debt >die
Ayden Evans
it's medical debt
how are you even a real person being that stupid right now
Mason Collins
jon oliver is nigger tier, but thats pretty cool
Julian Ross
His show/firm paid $60,000 USD for the worthless debt. Not him, personally.
They're able to write it off.
Tens of thousands of smug liberals were swindled into believing what he did was great and "brilliant", while some of them are following through with his 'call to action', to demand more government regulation, which is most likely responsible for this issue.
Alexander Rogers
its. fucking. medical. debt. Its not like they were buying xboxes. You're right, they should have fallen out of wealthier vaginas as children.
there are a lot of ways to resurrect uncollectible debt if the person that owes it doesn't know its uncollectible.
Jeremiah James
Did he say "match me" at the end of the segment? I'd love to see celebs trip over themselves with financial virtue signaling up the point where a Shkreli type donates gorillions to a porn company or something
Wh
Chase Nelson
Was John Oliver this ugly 10 years ago? I get more sick of his face every year.
David Mitchell
So what's the solution?
Kayden Rogers
>Thank god my parents taught me never to get a credit card or anything like that.
Same, no credit shit, no financed shit. I buy what I can when I save up for it.
Landon Turner
>to demand more government regulation, which is most likely responsible for this issue. Quads nailed it.
We used to have a nation that looked down on usury AND was capitalistic. They're not incontrovertible.
Levi Martinez
Surely the expected value of redeeming that debt must have been less than $60k for him to be able to buy it at that price, right? Else why would they sell it. He may aswell have just burnt his money.
Wyatt Smith
>"If you can't afford it, save up and make do without until you can buy it" - my mum
Logan Gomez
Americans love fighting against their economic self-interest. There is a reason we have terrible health outcomes relative to other OCED countries despite spending a ton more on healthcare. We're all rugged individualists, right guys? Let's die together so we don't have to raise taxes on the 1%
Jaxon Diaz
Now that that company knows he's not using the list they'll just sell it to someone else. He's an idiot.
Carson Johnson
Maybe? You can't force people to become doctors and/or heal the sick for free. Although that being said, hospitals go full Jew mode and bill insurance companies whatever the fuck they can get away with.
Kayden Reyes
It's also decreased so much in value that it's worth barely a fraction of its supposed gross.
This is probably scraped knees and bellyaches, of which the people had no intention of repaying.
Owen Morris
Current year looks good on a tombstone, Johnny boy.
Nicholas Ortiz
>there are a lot of ways to resurrect uncollectible debt if the person that owes it doesn't know its uncollectible. >if the person that owes it doesn't know its uncollectible.
in your world, the only time personal responsibility is a factor is when they say "thanks for giving this to *me*."
Jason Johnson
didn't he only buy the debt for $60k?
Jaxson Davis
The producers saw it as an opportunity to gain new viewers via clickbait titles like "JOHN OLIVER BUYS 15M WORTH OF DEBT".
Liam Torres
>insurance cartels and cheap credit bid up prices >healthcare becomes unaffordable >welp better adopt communism
whatever happened to rational systemic reform?
Jayden Wood
At 13:10 Jon Oliver suggests a law maker having a wife in banking influenced his decisions making, and yet Trump gets accused of being racist when he suggests a judge of Mexican heritage and part of a pro hispanic group might be biased
Josiah Sanders
I'm about as right wing as they come but our healthcare system is influenced by populism and managed by special interests, neither or which is good
we need technocracy - it should be run entirely by the surgeon general, not by politicans (who is Kathleen Sebelius)
Parker Brown
Health is one of the few self-evident industries that ought to be government run, specifically because it can present a life or death situation, which isn't the kind of level-headed consumer decision-making where everybody walks away happy. Even libertarians should understand that. All government has to do is make being a medical professional attractive. Then provide for people's medical needs as best as possible. That means taking the Pereto principle into consideration. If you have the money to afford absurdly expensive edge case treatments, then by all means go to a private doctor. We have police to protect our property rights and our personal safety. Nobody wants to be shaken down to feel safe. Or healthy.
Colton Perry
How?
Jonathan Brown
So, they were 99.6% "forgiven" basically, and he took it another 0.4% of the way, what an angel, clearly his ideas on medical care are now valid. Kek
Levi Myers
Debt spurs the economy. Debt isn't bad. Shitty debt is bad.
Colton Russell
Why doesn't he mention that our currency is based on debt? Or that the reason the healthcare costs are so high is because of the affordable healthcare act forcing citizens to buy health insurance making the insurance companies raise prices resulting in increased costs for treatment?
Anthony White
>15m in medical debt God bless John Oliver for wiping away the debt of fifteen people.
Samuel Sullivan
Yeah before the ACA healthcare was so cheap in the USA.
Ryder Edwards
This and this.... Banks lose if no one is dumb enough to fall for there schemes.
Wyatt Thompson
it was cheaper than it is now, and it would've/could be cheaper if they allowed competition across state lines
Wyatt Ross
Then import self caused clauses or force everyone to exercise, eat right, not smoke, or not drink. Since it costs everyone else money. Or it's not fair.
Christopher Hughes
S I X T Y T H O U S A N D
Benjamin White
You also have very sluggish growth. You don't buy anything so no money goes into the system. Money in the system spurs innovation and business ownership. It's the leeches that fuck it up.
Wyatt Brown
I want to really blow this guy's had off. What do?
Christian King
it was for people with jobs
now we're covering every nigger alive
Carter Edwards
Leeches die in a perfect system. Also nice neighborhood houses are 30-100k.
Joseph Stewart
I'm not saying the law isn't draconian or oppressive. It's no different when you're in the airport taking your shoes off for the TSA. Wouldn't even know where to start criticizing the public school system. Zoning. Emissions. The government is heavy handed, yes. There are ways to address and fix that.
>Leeches die in a perfect system. That's the exact opposite of civilization. What you're talking about is the jungle, and we left a long time ago.
Aiden Gomez
We should turn over our healthcare to career politicians who will make it illegal to smoke or be fat or say "nigger".
Logan Gray
I use credit cards, but only for shit I know I can afford. I pay it off every month and get cash back.
Aside from my house, I don't do debt.
Ethan Rogers
He bought 60,000 in debt that the people had no obligation to pay.
Whoope doo.
Bentley Nguyen
I use credit cards, but only for shit I know I can afford. I pay it off every month and get cash back.
Aside from my house, I don't do debt. My dad was right about that.
Caleb Hernandez
>illegal to be fat Please someone lead us into this glorious utopia.
Camden Miller
Husband and wife share finances Husband is a lawmaker, passes laws that make it easier for his wife, a banker, to make more money Husband makes more money.
Trump acts like a racist asshat Claims that because he's a racist asshat, other people may be biased against him Demands that all groups that he offends recuse themselves from adjudicating him.
Yes, the parallels are obvious
Jaxon Harris
I don't really get it either.
>Take out loan
>"You shouldn't have to pay it back"
No one will lend money.
No loans means no businesses get up and running, houses don't get built etc etc.
Mason Turner
From what I understand, it's debt that a company cannot sue over because the debt is so old. So, while still a noble deed because those people with those debts don't have to worry about being harrased, I wouldn't say that this is the same thing as giving away 15 million dollars. You have to wonder why the companies are selling debt for pennies on the dollar and it's probably because the companies that have the debt don't see a profit in keeping them.
Lincoln Richardson
Well he is Jewish.
Luke Morris
They can't sue. They can trick
They can call and ask them to make a 'goodwill payment' to temporarily close the account-just ten dollars. They're lying, of course, because the people don't have to pay anything. But that goodwill payment resurrects the debt and puts them back in the game of having to pay it back.
If you don't know how FCRA works, you can get hosed. and few people do.
Nathan Sullivan
I have like 3k in medical bills, they just keep kicking it to new collection companies and I keep throwing out their letters. Good luck getting it.
Elijah Rodriguez
The fact that there are arbitrary risks in life, such as health issues, is not an excuse to be a slimy parasite. Cancer fucking sucks, we get it, but we have our own lives independent of yours. Pay for catastrophic health coverage if cancer is your worry, oh wait, government ruined health insurance for us by trying to make it equitable.
Jonathan Anderson
This sounds illegal though. Again if collecting this money is so easy why are companies practically giving the debt away in the first place?
Lincoln Hughes
>Central Asset Recovery Professionals — or CARP POL IS ALWAYS RIGHT
Blake Clark
>maybe they should just have chosen not to get sick maybe they should try living a healthier, non-degenerate lifestyle
Leo Ross
ya, well I look forward to you getting cancer as quickly as possible. Preferably with as many family members as possible to eliminate your sad, selfish line from the genetic pool.
Colton Brooks
Dude pretends law does nothing, but it happens to be super helpful for his wife. How fucking retarded are you?
Aiden Perez
Humans, animals get sick and die. It's part of the life. You're not entitled to luxury just because you're alive.
Kevin Torres
Sup Forums enlighten me, why do they sell debt at such low prices? Also, why don't they just offer to cancel the debt if the debtor pays the same price they would sell the debt for?
the real problem is monopoly, we have a monopoly in finance and insurance that drives up prices.
Brody Sanders
>walk on side walk >get hit by a car going insane >rushed to hospital >they don't take you insurance.
So what you'll accept death at this point? How is that not totally fucked. Or are you going to say that you shouldn't have walked a block to work that day?
No go ahead faggot, lets hear your retarded mental gymnastics over this shit.
Owen Ross
because they know they can't collect and collecting is more trouble than it's worth.
Eli Butler
thats another factor, yes
Gavin Hernandez
imagine a group of people owes you a bunch of money but aren't paying, you still control the debt but it's really a massive liability and you have little chance of recovering it because debt recovery isn't your business or forte.
instead of having this enormous loss being part of your finances you can sell it to someone else at a significant discount of its 'worth' to a third party who IS able to collect the debt.
say you sold it off for 25% of its 'worth' you now only take a total loss of 75% instead of 100% and the third party can then try to recoup the debt from those who owed it.
Isaac Adams
One man's health issues is not another man's obligation. UK, France, and Canada all have unfunded liabilities in their health fields. The governments are doing everything they can to cut costs in their socialized healthcare. They cut away from innovation, patient time, anything to cut costs. The government will literally evaluate for you if the operation is worth the money. Sure, patients can perhaps cover the extra costs of the expensive operation, but then what's the point of a national healthcare system, or single payer? Instead of the poor dying from expensive costs, you spread the deaths across all incomes. Catastrophic insurance is the way to go if cancer is your worry, and it has historically been cheap when government didn't meddle in it, like $40 a month, less than a cellphone data plan.
Chase Powell
I used to work for a debt collector's"hub". It was basically the middleman before a company sold its debt on to another company.
Often the reason why they're sold so low is because the people who have amassed the debt have their credit rating shattered. That means they're not likely to be given finance for anything again, so they go off the grid and start using cash only.
After an address change or two, they're practically untraceable. After about 5-6 years, the debts are written off. They still loom, but the pursuit is over.
They sell it on from there at such a low price because it's better to get something, as opposed to wipe it clean completely and get nothing.
To answer the second question, there's no point agreeing to clear an amount with a debtor for a heavily reduced price, considering you've found them and can get them for everything they owe.
Owen Cooper
>say you sold it off for 25% of its 'worth' you now only take a total loss of 75% instead of 100% and the third party can then try to recoup the debt from those who owed it. Doing what? Giving people mean calls?
Michael King
asset seizure and lawsuits
Parker Hill
pretty fucking stand up thing to do in the current year desu lads.
Connor Mitchell
Emergency rooms have to treat you regardless of ability to pay. This has been law for decades.
Ryder Brooks
yeah mean calls, letters, visits whatever the fuck their business model is that lets them make money.
the point is they buy someone elses debt, which allows that business to take a smaller loss and gives them the ability to make cash from this purchased debt.
Jayden Lewis
this guy is a fagget and needs to go back
Gavin Kelly
Even if you removed Trump from he equation, the judge being in a pro-Hispanic organization represents a clear and distinct bias in his decision making process.
Joseph Johnson
Why don't more people just buy their debt at a lower cost? Or are there laws against this so people need to go through a middle man?
Charles Wright
>its. fucking. medical. debt. >Its not like they were buying xboxes.
It doesn't matter. Resources aren't free. The only people who think so are r-selected leftists like le current year bloke and his audience.
Evan Cook
Was it his personal $15 million or was it fundraiser/donation money?
Juan Young
Where's my gibs you limey fuck?
Julian Powell
You owe what you owe.
I can't rack up £100,000 of credit card debt and then have the nerve to tell Mastercard that I'm only giving back £15,000 and they should be grateful.
I owe them £100k. That's my responsibility.
Jason Cooper
nevermind, he only paid 60k. literally fucking nothing.
Isaiah Sanchez
Basically he just did what Trump said should be done to the US' debt--he bought it for fractions of a dollar. Guy spent under 100k to buy old debt that was unlikely pursued.
Carson Reed
thats what car insurance is for
yes it helps pay for auto vs. pedestrian
this is assuming its not a hit and run, that the motorist is carrying insurance (required in most states), or an illegal alien
Gavin Perry
No I'm saying what if you of $100,000 to Mastercard Mastercard sells their debt to someone for $10,000 for example. Then you offer $15,000 to the person that bought it. Is this legal? You've cut your debt by $85,000, person who bought debt makes $5,000, and Mastercard consented to the $90,000 loss when the sold it to the new creditor.
Robert Gutierrez
>a slimy parasite >because they have cancer >mommmmyyy thats myyyyy moneyyyyyyy
and cuckservatives think it's the sjws being completely over-the-top retards
David Moore
No shit? Those companies dont expect you to pay the whole thing, They pester you with offers like that.