Somebody receives a benefit, but somebody else has to pay for it?
Wrong by all counts!
They Only want student debt forgiven because it is a "Racial Thing"
- Thread starter FortuneTeller
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Somebody receives a benefit, but somebody else has to pay for it?
Wrong by all counts!
Who told you life was fair?
Oh, stop. We're all adults and we know life isn't fair. But that doesn't mean we shouldn't challenge when something is unfair, or push back when we encounter it.
Fair enough.
To me this is actually a great example of the middle class attacking the middle class while the wealthiest get the biggest handouts.
Picture this scenario: The kid that went to college is put in charge of the production line at the factory. The blue collar workers on the production line (and their kids and grand kids) will need to pay more in taxes in their lifetimes to help their new boss pay off his student loans.
Picture this the family with 5 kids gets $6000 in child tax credits while single people get nothing and pays tax credits for those kids.
The point is there are inequalities everywhere.
This is not the same thing as taking out a debt voluntarily, having buyer's remorse and then getting that debt removed because it politically guarantees your vote.
But yes, there are inequalities everywhere in the tax code. Put a consumption based tax in place and abolish the whole bloody thing.
If some people are too stupid to go to college in the first place, they shouldn't be taking out huge loans to find that out.
Now the waters are getting muddy. You are claiming this is a matter of political vote getting, so what was Trump deferring student loans for?
The truth is, if you look at what will be the most effective stimulus programs dollar for dollar canceling student loan debt is at the very top. You’re looking at over $100 billion added to gdp year after year for like 15 to 20 years. There’s no doubt it will increase housing and construction, marriages and birth rates. It’s huge. Every industry would benefit.
I’m not saying that moral hazards don’t exist but to just dismiss this as some form of pandering really doesn’t give it the serious consideration it deserves.