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Hear so much about this topic on the internet all the time. Some saying that they paid their student loan debt why should others get a free ride. Some saying that forgiving this debt will make tax payers pay for it. Some saying that the interest rate in these debts is incredible so that you pay back double what you borrowed. Some saying forgiving this debt will help the economy. Any thoughts on this topic? Should there be talk about forgiving these loans? What about those in college right this minute? Future college students?
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Dec 23, 2021 15:07
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Money is fake
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Dec 23, 2021 15:14
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If a bunch of millennials and gen z shitheads all of a sudden have their college debt paid off, they will have a lot more money to spend and inflate the economy! Got to inflate the poo poo out of the dollar!
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Dec 23, 2021 15:18
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I finally paid off my student loans last week. If this week they forgive all student debt, no takesies backsies if you already paid, then... good. Nobody should be in debt tens of thousands of dollars for college. I'll be fine and I want other people to be fine too.
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Dec 23, 2021 15:19
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Who What Now posted:Money is fake
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Dec 23, 2021 15:19
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Let’s double it just to see what happens
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Dec 23, 2021 15:20
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Who What Now posted:Money is fake
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Dec 23, 2021 15:21
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Put all debt holders in prison and make them work for free, that's the Merican way
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Dec 23, 2021 15:23
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It's cool and good to be tens of thousands in debt for the privelege of writing notes off board for several hours a week.
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Dec 23, 2021 15:25
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trying to get my hands on some of this student debt before its gone
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Dec 23, 2021 15:28
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don’t listen to them OP. Everyone who paid off their student loans would have loved for them to be ‘forgiven’, and the only morally correct response is to absolve the loans. Anyone who is arguing otherwise is outing them self as a ghoulish vampire to be reviled, NOT the sexy kind (also a trick). Simply thank them for revealing themselves and never be fooled again.
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Dec 23, 2021 15:30
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I'm cool with debt forgiveness only if we transfer it to all the people who took video game courses.
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Dec 23, 2021 15:30
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I will take on all the debt of the world
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Dec 23, 2021 15:32
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hell astro course posted:don’t listen to them OP. Everyone who paid off their student loans would have loved for them to be ‘forgiven’, and the only morally correct response is to absolve the loans. Anyone who is arguing otherwise is outing them self as a ghoulish vampire to be reviled, NOT the sexy kind (also a trick). Simply thank them for revealing themselves and never be fooled again. Ah yes morally correct ideas form the basis of all US government decisions.
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Dec 23, 2021 15:34
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Colonel Cancer posted:Ah yes morally correct ideas form the basis of all US government decisions. it should be and you should accept nothing less
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Dec 23, 2021 15:36
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Free post-secondary education for all those who crap at work.
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Dec 23, 2021 15:38
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hell astro course posted:it should be and you should accept nothing less Lol why don't you go vote about it
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Dec 23, 2021 15:38
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Colonel Cancer posted:Lol why don't you go vote about it this is the exact kind of moron to avoid OP.
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Dec 23, 2021 15:39
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I put off a lot of major life milestones to pay off my student loans and my wife did the same. We're not loving ghouls, though, so my take is "nobody should have to go through what we did" not "gently caress you for daring to hope for a better world than the one i suffered through".
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Dec 23, 2021 15:44
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Student loan repayment is effectively a federal tax. Someone making $40,000, with a monthly student loan payment of $400 is paying a higher effective tax rate (23.5%) than someone making $220,000 (23.3%). Federal student lending just raised the tax burden on younger people so the rich could avoid getting taxed, and the legislation effectively wrote blank checks to colleges, leading to hyperinflated tuitions. If the legislation had capped what they were willing to lend, or only lend to universities that were forced to increase tuition at the same rate as inflation this would all be less of a mess.
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Dec 23, 2021 16:07
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Cs degree? I forgive you. Engineering? U r forgiven. English? We need time to work through some things. Forgiveness is earned not given.
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Dec 23, 2021 16:13
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hahaha underwater basket weaving am I right fellas?
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Dec 23, 2021 16:16
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I'm all for forgiving existing loans. Nobody talks about what comes next though. Like unless we turn all loans into grants or just make college free (both good) we're just gonna have more student debt pile up again. (also I paid off my own loans long ago)
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Dec 23, 2021 16:18
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make seeking a higher education a felony.
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Dec 23, 2021 16:22
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Only pay off loans used for STEM degrees.
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Dec 23, 2021 16:56
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Haha man but a billionaire's son might get free money and we can't have them abusing the system like that.
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Dec 23, 2021 16:58
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also take all the money and cast it out to sea. but start with debt forgiveness
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Dec 23, 2021 16:58
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Sophy Wackles posted:Only pay off loans used for STEM degrees. Engineers are among the dumbest overall people in the country, sometimes dangerously stupid to the point that they should be isolated from the rest of society, not rewarded. I should know, I am one.
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Dec 23, 2021 16:58
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Student loans, I forgive you.
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Dec 23, 2021 17:00
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Sophy Wackles posted:Only pay off loans used for STEM degrees. It feels like the people who are complaining the loudest about the need for their student loans to be cancelled were also the same people who, while still in school, wrote self-righteous essays about how their liberal arts degree was just as valuable as a STEM degree.
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Dec 23, 2021 17:12
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killer crane posted:Student loan repayment is effectively a federal tax. Someone making $40,000, with a monthly student loan payment of $400 is paying a higher effective tax rate (23.5%) than someone making $220,000 (23.3%). Isn’t the fed tax rate for an income of 220k 35%?
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Dec 23, 2021 17:14
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Never forgive, never forget. Have we already forgotten?
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Dec 23, 2021 17:20
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NC Wyeth Death Cult posted:Haha man but a
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Dec 23, 2021 17:21
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with the mere stroke of a pen i was able to completely cancel the Enterprise provided rental car coverage, at my own personal liability of course
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Dec 23, 2021 17:25
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LuckyCat posted:Isn’t the fed tax rate for an income of 220k 35%? the tax rate on income between $164,926 and $220,000 is 35%, but all that income beneath that is taxed at lower and lower rates, since the US has a progressive tax system. I'm pointing to their effective tax, or what percentage of their total income is being taxed. In other words, someone making $220,000 pays the same tax amount on their first $40,000 so someone making only $40,000, but student loan dept means that person making $40,000 has an increased tax burden.
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Dec 23, 2021 17:52
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i want everyone itt to know i forgive them for having student loans
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Dec 23, 2021 17:53
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killer crane posted:the tax rate on income between $164,926 and $220,000 is 35%, but all that income beneath that is taxed at lower and lower rates, since the US has a progressive tax system. I'm pointing to their effective tax, or what percentage of their total income is being taxed. Okay, but that doesn't avoid the main problem: Your premise that student loan payments are taxes is outright farcical.
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Dec 23, 2021 17:54
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LanceHunter posted:Okay, but that doesn't avoid the main problem: Your premise that student loan payments are taxes is outright farcical. Your payment goes to the US Treasury, it's not differentiated between the government's tax revenue. The federal student loan monopoly was created to offset the cost for the ACA, and has just kept on trucking. It's a tax.
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Dec 23, 2021 18:00
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On the one hand the government should not be bailing people out for their bad decisions. On the other hand the government has repeatedly bailed business out for their bad decisions.
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Dec 23, 2021 18:01
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| # ? Jun 7, 2024 12:03 |
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we get boat we get go posted:On the one hand the government should not be bailing people out for their bad decisions. On the other hand the government has repeatedly bailed business out for their bad decisions. government funds bad decisions all the time its call defense research contracts
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Dec 23, 2021 18:03
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