Why did some people oppose hamilton plan to pay off government bonds?

Some people opposed Hamilton's plan to pay off government bonds because they believed it favored wealthy bondholders at the expense of ordinary citizens and states that had already paid off their debts. Critics argued that it would create a financial elite and deepen the divide between the rich and the poor. Additionally, many Southern states, which had less debt, felt they would be unfairly taxed to benefit Northern states with larger debts. This opposition highlighted the regional and economic tensions of the time.