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The Democratic institution would never stand for giving collected funds to anyone but rich people.
It would make a good strategy for the PSL though. Now that they've gotten 0.1% of the vote, instead of running a conventional campaign, they could do 20% what they've already been doing, and 80% "this debt has been forgiven of you by the PSL, vote for us" and build a reputation as the people who go around forgiving debt (instead of the people who show up at all the peaceful protests with those yellow-and-black signs).