Why do we charge interest on student loans? That doesn’t make sense to me.
unless it's called a tax break ...
and this assumes that everybody with student debt is a millionaire, which isn't the case
Why do we charge interest on student loans? That doesn’t make sense to me.
Well, if you want to equate those issues, then you should be against debt forgiveness for doctors.
Rather than completely wipe student loans a much more realistic campaign platform would be for Sanders to wipe all accrued interest and eliminate interest payments.
because its not always the government who gives the loans, its private lenders who want to make a buck
Would be exponentially more palatable and pragmatic and still a massive help to a ton of people.
Is vs ought is what I meant. The only interest should be pegged to CPI to adjust for inflation.
I'd say because no one wants to earn zero dollars on risk.
Taking less of someone's money doesn't equal giving that person money. The math might look that way, but the fact is you're still taking from them, and probably lot more than you're taking from someone making 100K.
What's the goal?
I'm all for easing up on student loan payments, but let's start by reimbursing folks who paid theirs off already then we can move to those who haven't. This country is starting to reek of reward for failure to comply with laws/rules/contracts. You cross illegally, you get healthcare and amnesty (some here would be for that). Those here legally endure the process. You fail to pay your loan, it's forgiven. Others are out tens of thousands because they paid as agreed.
I am for free colleges, I don't think we get there from the foundation we have built though without disenfranchising those who worked to build it. Debt forgiveness just passes on the debt to someone else, it doesn't really forgive anything. If the Bernie crowd is so attracted to his platform, they should put their money where their mouth is. Corporations would bend to the will of the consumer if the consumer could insist on things like college tuition reimbursement or debt forgiveness from large corporations. A grass roots movement to boycott products from companies that don't offer tuition assistance to employees, or who won't take part in a program for college tuition in general would put economic pressure where it would be effective. Look at all the grass fed beef, free range chickens, green this or that, so forth.. All this wasn't out of the goodness of the companies' hearts.
The people have the power to make this happen. They just won't. Instead they'll try to elect someone who has zero shot at doing it with this congress.
Last edited by DMC; 02-27-2020 at 01:04 AM.
giving a taxpayer 10k and cutting a taxpayer's taxes by 10k is the same thing
I already said the math looks that way but if I stole 20 dollars from you and returned 10, I cannot say I gave you 10 dollars. They start with X amount, you start with nothing. You take from them. Taking less from them doesn't equate to you giving them more. It equates to you taking less because you in fact gave them nothing since you had nothing to give.
Your logic is how congress proposes a 20% pay increase, settles on 10% and claims they took a 10% pay cut.
The Assyrian Kings purged debts periodically, to promote social stability. Jubilee is the Biblical term.
https://www.amazon.com/forgive-them-.../dp/3981826027
Last edited by Winehole23; 02-27-2020 at 01:43 AM.
Well there you go then.
Did you indulge your taste for reading by reading it, Sir?
If you equate taxation with theft, sure.
But if you owed me $20, it makes no difference if i relieve you of $10 of that debt or gift you $10
it just causes discomfort because you frown upon freeloaders getting benefits and don’t want to project that on yourself when you get a benefit by way or tax break
If indebtedness is out of balance, perverse outcomes come over the horizon and hasten to reach port.
But the government isn't 'stealing' anything, it's taking what rightfully theirs... It's like having a business partnership where you get 50% and your partner 50%. If your partner decides to take only 40%, he/she is effectively giving you money.
Debt that cannot be paid, will not be paid.
Bad debt overhang needs reducing every 40 -50 years so the whole country doesn't wnd up in hock to lenders.
The TABC strictly regulates terms of credit to the customer. Limited in time so that the customer does not end up in the pocket of his creditor.
debt slavery, 30% APR, it's Capital's strategy, along with $35B / year in bank overdraft fees.
biden's lead in the SC polls is growing... he's consolidating the buttigieg/klobuchar vote there quite a bit
It’ll only grow more after that fat black congressman who all the “oh lawdy!” black bible thumpers in South Carolina follow endorsed him; I don’t think the polls have even reflected that yet.
Middle aged and older black Democrats are equally as low information as the votingrepublican.jpeg rednecks who Democrats like to make fun of so much.
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