Student Debt Forgiveness
As per what I understand from the plans unveiled recently, it will mostly favour the rich and wealthy. 1) Most of the bottom quintile of the I US population doesn’t have a degree and hence they earn 0 from this plan. 2) The more the debt the more you gain. Private college grads get more than the public college ones. The public ones get more than the community college ones. 3) Who cut their expenses to pay their loans back gets nothing, but who lived lavish with similar income will get something, 4) This expects to boost the economy by its trickledown effect. What happens if we simply take this 1.6 trillion and divide it equally among the people under 30? Far more fair but too little political momentum? That’s the situation in the US politics today. From Trump’s tax cut to debt forgiveness- very little concern about fairness.
Why age 30? That seems somewhat arbitrary
Yes just a thought!
What even is fairness and how does it affect merit? Fairness seems to be a cover for people personally profiting off policies.
Fairness is when your policy gives more to the neediest and less to the fortunate.
haha. But who decides. When is redistribution ethical when the wealth is legitimately earned? We already have taxes targeting people who make more. Its easy to point out an issue but difficult to solve it without taking from others.
Good points but nothing is going to be fair. There are always winners and losers in every policy. Fundamentally that just how it works. This policy absolutely helps out a large portion of the 99% so I'm for it. It helps the lower middle class.
I understand nothing is fair but this is grossly unfair. Does it really help large portions of 99%, wait for my numbers.
Yup it panders to the middle class millennials of means and the blue checkmark brigade.
So most Blind posters. 😂
Money is made on poor people and their general stupidity 🤷♂️
You sound stupid
Maybe, but I'm rich
Wow what a load of crap highschool grade level logic.
They want to buy your vote. Nothing else matters.
These days most Universities charges very high tuition fees and they offer low quality education. Student are forced to take courses which are either too basic or the professor does not teach well. Since students go for taking student loans the universities just keep increasing their tuition fees. They put these funds on unnecessary expenses just because they can do so. Why not fix the education system instead. Forgiving student debt is not a long term solution but it does attract voters who are in the middle of crisis.
What you’ve said all points to fault of universities. However they look like to be the winner under this debt forgiveness deal. That’s what is the fundamental problem with today’s politics.
Americans are too stupid to understand this. A start could be banning student loans by putting an end to student loan exception in personal bankcruptcy.
These types of policies always end up hurting the poor and blue collars. Blue collar families, especially since they do not get financial assistance for college. But hey, free shit.