I am troubled by this metaphor. Gravitationally, would be a better fit. Gyroscopically would better describe a rudderless ship. The allusion that the ballast of debt to keep the fiscal ship upright is good, in that, without the debt, there is little to keep the ship in service except the need to service the debt. Gyroscopically would imply an inability to get to the destination.
The ownership of a house, forces one to pay the mortgage and upkeep on it. Without that assumption of debt, people would pickup and move on.
Unfortunately, I see the government removing the ownership of property and distributing it on a temporary and arbitrary basis to favored constituencies. The government will assume the debt and convert it to an asset it bestows, removing the ballast from the people, leaving them to flounder at the whim of government.
Unfortunately, I see the government removing the ownership of property and distributing it on a temporary and arbitrary basis to favored constituencies. The government will assume the debt and convert it to an asset it bestows, removing the ballast from the people, leaving them to flounder at the whim of government.
Very, very perceptive. The asset then gets packaged with derivatives (insurance) that cannot be priced accurately, which compounds the problem. It's recipe for collapse.