it would be better to abolish capitalism altogether, and eliminate debt along with currency.
but, so long as we have currency and capitalism, we should seek to maximize indebtedness in order to redistribute wealth. eliminating debt just means trickling the wealth up, and making the poor poorer.
call it a contradiction if you want, but it's really in your head; it's not a contradiction, at all, it's just a recognition that the economy is a creation of human hands, and not something that exists out there, somewhere, in the wild.
money is debt. so, sharing wealth means creating debt, and eliminating debt means destroying wealth. that's reality. deal with it.