If you steal someone's bitcoin by hacking his private key, you are teaching him a lesson: to find a better way to protect his seed.
If you steal someone's fiat, you are also teaching him a lesson: don't use fiat.
People who have debt also have equity that make their net worth positive, so they don't see a problem.
But while the value of their house can drop and their retirement funds can be garnished and taxes to oblivion, their debt is never going away.
Notes by Madosatoshist | export