Earlier quoted context omitted.
Giving people options that will in practice put them into spiraling debt slavery is objectively evil.
Great, lets remove the option of refined sugar, alcohol, saturated fats, detached single family homes (due to it resulting in individual cars, the leading cause of injury and death, and expenses that leads to "debt slavery"), etc. Also, no more leasing/renting cars, or really any kind of borrowing at all, as people should not have the option to become liable in the future, for anything. Because if a $1,000 to $2,000…
Not that these options should be removed, but that they should be priced according to their costs to society.
You see that with alcohol and cigarettes in developed countries.
Leases should be more tightly regulated and require full coverage insurance. It already works like that for cars.
Borrowing is fine insofar as the payments or debt don’t interfere with your ability to survive. A bad credit score shouldn’t prevent you from living under a roof or getting a job. UBI would make this much easier in practice.