🚨 STUDENT LOAN INTEREST TO ZERO FOREVER 🚨
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Date: August 9th, 2020 10:00 PM Author: Mischievous lay
That isn't the argument that they are making, and I've seen enough of your poasting to know that you're smart enough to know that it isn't.
Forgiving, or otherwise dis-burdening, student loans is a move that disproportionately rewards irresponsible debtors while simultaneously punishing responsible and forward-thinking people. This is not some step forward in technological innovation. This is not a rising tide that floats all boats. This is minimizing the consequences faced by those who make bad decisions, and it's a slap across the face to the prudent workers who made responsible decisions in the process.
Imagine you were buying a car, and you scrimped and saved to come up with the down payment. You did your research and settled on a car that met your needs at a price you can afford. But some retard in your HS went out and bought a lambo on credit, which he could neither use nor afford. Would you fall for some argument about how "all car debt needs to be forgiven because we all need cars" or some bullshit like that? No, you'd say "fuck that guy, and repo his car; it just leaves the roads less crowded for the responsible people."
So why should someone who passed on going to their first choice of college (or had to pass on college altogether) pay taxes to forgive the deadbeat who pissed away his college degree? Especially when that guy, once his student loans are forgiven, is just going to turn around and put his newfound financial freedom to work competing with you to buy a house? In fact, the guy is probably going to do the same thing to the house as he did to his college degree.
(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40730502) |
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Date: August 10th, 2020 9:55 AM Author: orange knife alpha
Cr
It shocks me how many of my intelligent friends (borderline former friends) continue to straw man the anti-blanket-forgiveness position as “I had to suffer, so should you.”
Absent truly extenuating circumstances, if you borrow public funds and do not repay them, then you are stealing from the public.
(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40732015) |
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Date: August 10th, 2020 2:18 PM Author: Mischievous lay
I completely agree with you, man. In fact, I would go even further, beyond just the use of public funds. Many of the pro-forgiveness crowd justify their position under the assumption that the costs of forgiveness will be diluted across such a large number of people as to be immaterial to any individual taxpayer. This line of reasoning conveniently ignores the fact that they (i) bid up the price of attending college by paying with huge sums of borrowed money which they were unlikely to pay back, thereby excluding their financially sensitive peers from being able to attend college, and (ii) forced every other college student who took out loans to pay a larger price via a higher risk premium in their interest rates, thereby materially impacting the ability of the others to save money and/or forcing the others to accept less pleasant jobs for the sole purpose of servicing their debt. People can't go back in time and be 18 again and make a different choice. The trajectories of people's lives have been substantively and permanently changed as a result of the flippancy student borrowers.
Loan forgiveness also gives a complete pass to the schools, who are free to issue worthless degrees carte blanche, and to loan originators, who just pass the risk on to the DOE and take their cut of free money in the process. These are the two parties who are, in my opinion, most responsible for the current debt crisis. They should not be able to wash their hands of this mess and walk away without consequences.
(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40733376) |
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Date: August 9th, 2020 9:15 PM Author: mustard fragrant tanning salon jap
it's to spite the shitlibs
at some point, the shitlibs will realize they got fucked and they will have to teach their children about financial responsibility.
that will result in all of the bullshit social justice degrees getting removed from the curriculum.
okay, not all, but you get the point.
you want to have some bullshit degree? then you should not have to pay as much and the teachers who teach it should not earn as much.
(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40730198) |
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Date: August 10th, 2020 1:51 PM Author: Mischievous lay
A degree might not be a tangible asset that one can trade, but it is an asset, and its primary value proposition for most people who pursue it is higher future wages or qualification for niche work. I agree with you that there is a lot of variety between degrees, and that degrees aren't the ticket to privilege that Libs want it to be, nor are they truly vocational training, as Cons portray them to be. However, being degree-ed offers a lot of benefits to those who leverage them.
Making student debts discharge-able in bankruptcy is what I always counter-propose to the forgiveness crowd. In addition to being discharge-able, there should be clawback provisions that allow the government to reclaim a portion of the principal from the schools that issued worthless degrees. At a personal level, it seems insane to me that this country can simultaneously have Facebook/Google/Microsoft clamoring for H1-B visas because there (supposedly) aren't enough qualified workers in their lucrative fields and have half of 18-34 year olds near financial ruin because of their education.
The true creators of this financial mess are the schools, who kept inflating tuition as free money became available, and the originators who originated loans knowing full well that they didn't have to care about the creditworthiness of the debtors since the Feds would carry the risk. On a forward going basis, the DOE should stop carrying the principal of the student loans on their balance sheet.
(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40733281) |
Date: August 9th, 2020 2:25 PM Author: Shimmering beady-eyed theatre
I am not paying until I am required.
I will feel like an idiot if we have some kind of forgiveness and I miss out.
(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728359) |
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