The cancelling of the debt would be no destruction of wealth, but a transfer of it: a wrongful abstraction of wealth from certain members of the community, for the profit of the government, or of the tax-payers.
b) The act of leaving out of consideration one or more properties of a complex object so as to attend to others; analysis.
Note: Abstraction is necessary to classification, by which organisms are grouped into genera and species according to the qualities they share.
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