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Or conversely, it would completely remove some individual's incentive to ever make life choices that would lead to paying that debt off.
by djrogers 9y ago
Or conversely, it would completely remove some individual's incentive to ever make life choices that would lead to paying that debt off.
- pessimizer 9y agoOnly that strange hypothetical person whose entire life goals revolve around avoiding payment of student debt.
- luck_fenovo 9y agoI have a lot of friends from high school who seem to fit that description
- moultano 9y agoI don't think student loans are the primary motivation to earn more for people that have any hope of paying them off.
- zachsnow 9y agoBut people like making money. It's not as if most people would say "aha! If I take a low paying job for the rest of my life I'll never have to pay off this debt completely!" Some might I suppose.
- gozur88 9y agoIt's not as simple as "people like making money". That's just one part of the job. People who pay more on their loans with increasing income will behave like people behave when taxes go up - the pay will be comparatively less important when weighed against things like working conditions, commute time, and interest in the work.
- prawn 9y agoThey can live on an island with the people who avoid earning any money so they don't have to pay tax.
- doubleunplussed 9y ago"Completely" seems like an exaggeration. I would have guessed that it removes something like 10% of the incentive to make more money.