It's funny because we'd actually be giving ourselves the handout because we actually pay taxes.
But Rich people and corporations have more money, so that means they're paying more taxes? Right? Right? No don't look at their returns, just trust them.
Easy: the latter has a lobby, the former doesn't.
Next questionWhy is the general public so vulnerable to disinformation when it's so easy to look things up?
Mainly because people in general aren't into looking things up, and in the modern era of the Web of Lies it's not always obvious to everyone what is factual information.
Humans are NOT inherently rational creatures, we have to LEARN and PRACTICE how to be rational and curb our instincts in order for it to be effective. This takes discipline and self-examination.
FEW people live a self-examined life, vanishingly few.
Most people are rather content to go on believing what they've always believed and what their families raise them to believe, and are very unpleasant when what they believe is exposed as bullshit.
$7.25/hr, kids, 2-3 jobs, no healthcare, FB reshares are convincing
Easy: the latter has a
lobbybought and captured government, the former doesn’t. Next questionIt's kind of the same thing, but not entirely.
Because students don't pay lobbies to bribe politician. I thought this is a well known fact about the politics.
Because one is stimulating the economy and the other one is just more money in the pocket of the billionaires.
Had me in the first half
Because the Republican Party is still sucking Reagan’s dick. The thought process is if we eliminate all taxes for businesses they will be so grateful they will pay workers more and reduce prices which in turn will stimulate the economy because Americans will spend more because everything is so cheap.
Your average American is so gullible they still believe this bullshit to this day.
I think it all boils down to elasticity - conservatives seem unaware that it even exists. So they think that every dollar a business pays in taxes/wages will go towards higher prices, and every dollar of UBI will go towards higher rents. When leftists say "profit", conservatives hear "revenue".
And when you try to educate them about it, they pivot to an argument against basic econ 101.
The PPP program forgave more than 700 billion in loans. But the $50k I took to become a fucking teacher, well by George I better pay up.
The PPP program tried to hand me a forgivable "loan" of $250,000 for a company that had only ever had a total of 4 employees, that I had shut down 2 years previously. I seriously considered taking the money.....
Really the problem is that everyone wonders how to pay for a stimulus to poor people, and worry about it causing inflation.
But stimulus to rich people "pays for itself."
The exact opposite of the truth
They consider money inherently theirs and not yours. Entitlement.
I was told that "entitlement spending" was Social Security and Medicare.
Because of class warfare, plain and simple.
According to the owner class a single mother getting food stamps is a drain on the economy whereas corporate welfare is considered 'a sound investment in our nation's future.
fuck the right, these are my thoughts
Because the tax cut for the rich will trickle down nods fervently
Always irked me, the term “trickle down”. It implies the masses are only deserving of whatever slips through from the ceiling above…
“Look, kids! This slow drip from the ceiling under this lake has created a small puddle. In thousands of years from now, this puddle will be much larger. Possibly a pond! Imagine that, a pond!”
“But you said there’s a lake above us?”
“That’s a private lake. Trespassers will be shot.”
Survivors will be shot again
"I'd like to give them some fucking stimulus."
You're talking about changing real people's lives. Giving entire generations back the wealth stolen from them.
Sorry can't help you. We need to focus on the "economy." Whats that you say, the economy is held up by college educated working class people? No, no, wrong economy. We need to help the "economy" cough wealthy bankers cough because they
give me..have..control.. uhh distribute? all the money.Whenever you hear that "the economy" is doing good/bad, "the economy" just means rich people's yacht money.
Because the people aren't unified and setting enough billionaire properties on fire.
It is a stimulus. It stimulates the trickle-down part of "trickle-down economics."
You should feel it hit your forehead any minute now... keep your mouth closed.
Please stop posting r/FluentInFinance spam
Not saying cancelling the student debt is bad. But there is a pretty clear difference between debt you agreed to, vs that that's forced on you.
You're right. I never agreed for my taxes to stimulate rich people on their bad business decisions. Something something bootstrap and free market.
You’re right. I never agreed for my taxes to stimulate rich people on their bad business decisions.
Agreed, you shouldn't have to pay for it, its almost like taking from some people and giving to others against their will isn't good.
Permanently Deleted
That's been pushed for in my experience almost entirely by teachers. Also, I am employed without a college degree.
I suppose college is "optional" in a way but the other options were sold to us as not good enough and if we took them we weren't working hard enough.
So you take the route you think you are supposed to where you work hard in school and take out a loan then you realize you were lied to and you can't afford to reasonably pay it all back. So yeah kids going to college are given a choice but it's not framed in that way and they are shamed into it in some cases.
On the other hand everyone is supposed to pay taxes so why shouldn't the rich pay their fair share? Were they tricked into being rich? Are they struggling? Do they really need to be "stimulated"?
I suppose college is “optional” in a way but the other options were sold to us as not good enough and if we took them we weren’t working hard enough.
Republicans aren't the ones who did most of the selling.
So you take the route you think you are supposed to where you work hard in school and take out a loan then you realize you were lied to and you can’t afford to reasonably pay it all back.
Makes you wonder if "education" lied to you in other ways.
So yeah kids going to college are given a choice but it’s not framed in that way and they are shamed into it in some cases.
I agree, I definitely was, and wasted some money on it- but at least realized it wasn't worth going into debt to try, and instead went abroad for a fraction of the price.
On the other hand everyone is supposed to pay taxes so why shouldn’t the rich pay their fair share?
Why does the "fair share" always go up for everyone(not just the rich)? If its really about providing a service, why does the price increase infinitely with income? If I order a pizza and earn $10k a year then its $10 for a pizza? But if I earn $10B a year the pizza should automatically scale to a $10M pizza? What makes that pizza worth $10M? If its because the rich person wants more toppings and better quality, why not charge for those things, rather than just assuming they do and charging them more? If its about the fact that they can afford to help other people pay for pizza, ok thats a fair position, but they are then by definition paying more than their fair share.
Student debt forgiveness would result in spending money in wide range of area in turn inflation happens. The other side will be spent on feeding their cocaine addiction, it will be spent but only on narrow area of the economy.
Sorry kid, you can't get your car repaired this month and it's another week of beans and rice. If you had any more money, we'd suffer from Inflation! Now think on that, because I'm taking the private jet to my vacation home for champagne brunch, which are necessary business costs that grow the economy.
Vacation home in Italy* business costs that grow the italian* economy.
Not railing against Italy necessarily.
You’re not wrong.
Inflation happens when too much cash is chasing too few goods/services.
That probably won’t happen immediately, because student loan holders will probably spend on pretty simple and fairly elastic stuff like food, transportation, entertainment, etc.
But that money eventually ends up in the pockets of wealthier individuals who will compete more ruthlessly over luxuries, vacations, properties, assets, etc.
If you add $1.9tn to the economy, you better have a good idea of where that money will end up long-term, and have a plan to prevent it from pooling in one spot.
So I’d say any plan to eliminate $1.9tn in working class debt should probably come with a plan to increase taxes on the owner class who will ultimately suck up most of that $1.9tn.
Because forgiving debt is an act of giving (also known as 'handing out') money, and a tax cut is an act of not taking money you already possess.
Duh. Giving someone $20 and not taking $20 from them are not equivalent acts.
tax cut is an act of not taking money you already possess
Racks up $4T in new national debt
Paying this back would mean taking money I already possess.
Doubles military spending
We had to, because it was necessary to protect all of our private property!
guts Medicaid, shutters thousands of post offices, and raises public tuition by another $5k/semester
Well, we had to be fiscally conservative, or we'd never pay down all that debt.
Gives away another $25B in industry bailouts
We had to protect critical infrasture. It's a national security concern
Approved sale of bailed out critical industry to foreign conglomerate
They can just do it better! Why don't you respect the free market?
More tax cuts to foreign stakeholders of US businesses
Shut up! You just don't understand how economics works!
Finally get a small bump in the child tax credit
This is Communism. America has fallen.
Spot on.
This has been 50 years of unrestrained, enthusiastically sociopathic market capitalism, and America has fallen.
If it was about anything other than keeping poor people poor everyone would agree that the government taxing students on student loans is ridiculous. They own practically all of the loans. Over 90%. You can pick whatever name you want it to be called, but you cant tell me a tax break for the rich is different than a tax break for the poor, interest is tax.
"tax cut" means they don't have to pay for the social commons they utilize, and proudly abuse, far more than individuals.
It means they get to tear up our roads with their semis, clog our courts with their business profit arguments, monopolize our public utility infrastructure, and have access to a publically educated, preliterate workforce they directly profit from without paying for the education the next generation to receive while expecting the fruits of it, which is why it's still clownshoes moronic that big capital doesn't pay for all college, as the rational developed world enforces they do.
No large business can credible claim to have found success in the first place without any of these and more benefits of operating within society, but they want people like you to defend them while they lobby and succeed at getting all of it as a hand out for free after all the tax cheats they get installed for bribes.
Big capital wants to suck all value and meaning from your society for themselves alone for a quick buck, yet you come off as grateful to them for it.
Ok. So it would be cool if we just reduced all taxes on student debtors to $0 until they benefit from a "not take" of all their student loans?
