30 states provide some means of a free community college education (eligibility limits in some case, for all in others). Get the other 20 on board, nuke student loan debt, and no longer have the government guarantee future debt for loans (which will drive down college costs). The system will then provide more value at lower cost to system participants (although it will be a painful adjustment process for bloated institutions that have fed off of government loans for decades).
So did I. No, we don't, but it will still benefit you. When your peers are less beholden to their jobs because of their debt shackles, they can ask more of their employers, which will also raise your working conditions. Sometimes life isn't 100% fair, and that sucks and I'm sorry. But looking at it objectively, it's still an improvement for you. (And, "I suffered, so others must suffer, too" isn't a great way to set policy regardless.)
So you'd agree with the federal government bailing out every mortgage holder out there, from people who own a shoebox apartment to someone in a 10 bd mansion? After all,
>it will still benefit you. When your peers are less beholden to their jobs because of their debt shackles, they can ask more of their employers, which will also raise your working conditions. Sometimes life isn't 100% fair, and that sucks and I'm sorry. But looking at it objectively, it's still an improvement for you. (And, "I suffered, so others must suffer, too" isn't a great way to set policy regardless.)
Seems extremely selfish that the functional members of society should be the ones to pick up the burden of your poor decisions and I don't really see a benefit of society if we did, I mean you don't have the skill or talent to pay it off now, are we really going to see your full potential when we bail you out of the only responsibility you actually do have?
> the functional members of society should be the ones to pick up the burden
The most recent serious proposal for canceling debt pays for it by adding a 0.5% tax on stock trades[1]. I'm not really convinced that people gambling on the stock market are "functional members of society," and it's certainly not all members of society that gamble on the stock market. If you have enough money to play around with on the stock market, yeah, you can absorb a tiny tax on your gambling for the good of society. Most people won't be affected by the tax[2].
People "gambling" as you put it on the stock market take all the risk and then have to pay huge amounts of tax on any gains. Why should they pay for your mistakes.
Literally every single person investing money in the stock market adds more to society than a student debt non-payee.
Just got my payslip this month and I'm paying $16K in tax why should that money go to paying off your mistakes and also when I hear that it will be paying off your mistakes I'm sorry but I'm quitting my job and going full leech mode, the government will never see a single tax dollar from my work as long as I live. Just gonna live off handouts and pump out 8+ kids.
Think people with your thinking are completely naive to how thin the line is that keeps society productive. Some of us are getting real tired of carrying the burden of your poor decisions.
I'm pretty good at earning money when I contribute to society, I'm happy to switch that energy to exploiting society, I'm close to the edge on this, all it's gonna take is a few more things I consider stupid and I'm switching. Think it's high time productives start holding non-productives ransom instead of us being threatened with stupid spending of our hard work.
> I'm pretty good at earning money when I contribute to society, I'm happy to switch that energy to exploiting society, I'm close to the edge on this, all it's gonna take is a few more things I consider stupid and I'm switching.
The politically palatable way would be to give everyone $100k indiscriminately, not just people who took out college loans. It is never going to be politically popular to bail out people who studied literature by borrowing tens of thousands of dollars while other 18 year olds are going into the army or working as a trades’ apprentice.
https://www.cnbc.com/2022/04/08/free-college-is-now-a-realit...
https://image.cnbcfm.com/api/v1/image/107044086-164943354866...