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> Also: why is it particularly bad for 20-somethings to carry debt? Opportunity cost. Not making that risky but high upside potential career move at 26 becaus

by phil21 9y ago

> Also: why is it particularly bad for 20-somethings to carry debt? Opportunity cost. Not making that risky but high upside potential career move at 26 because you have a $1k/mo debt payment to make is going to severely impact your total earnings far more than any other time of your life. The advantage of youth is mobility, flexibility, and ability to take on risk. You give a lot of that up with a high debt load at that age.

tptacek 9y ago
So you think we should use public policy to shift debt load onto older people, who have family obligations and a much more limited window of time to ensure financial security After the conclusion of their working years, so that 20-somethings can start companies?
- yequalsx 9y ago
  If we are going to have a society worth caring about and living in then we have to have shared burdens. Sometimes I’ll help pay for something I’ll never use for the benefit of others. The go it alone mentality leads to a shitty society. It’s proper, right and just for society to provide universal higher education for qualified people. It’s beneficial to everyone that this be the case. Besides, in the U.S. a great generational theft has occurred. The older folks benefitted from much higher public support for their higher education. Now they vote to defund higher education and this has led to penury for large numbers of recently graduated college students.
  - tptacek 9y ago
    If it's proper, right, and just for society to provide higher education, is it also right and just for them to subsidize tuitions for expensive private schools rather than local state schools?
    - yequalsx 9y ago
      It depends on the society and how it is structured. Generally, no.
      - tptacek 9y ago
        How do you reconcile that position with a belief that we should forgive student debt? Do you have an estimate as to how many of those dollars will have gone into the pockets of elite schools?

by phil21 9y ago

tptacek 9y ago

So you think we should use public policy to shift debt load onto older people, who have family obligations and a much more limited window of time to ensure financial security After the conclusion of their working years, so that 20-somethings can start companies?

yequalsx 9y ago
If we are going to have a society worth caring about and living in then we have to have shared burdens. Sometimes I’ll help pay for something I’ll never use for the benefit of others. The go it alone mentality leads to a shitty society. It’s proper, right and just for society to provide universal higher education for qualified people. It’s beneficial to everyone that this be the case. Besides, in the U.S. a great generational theft has occurred. The older folks benefitted from much higher public support for their higher education. Now they vote to defund higher education and this has led to penury for large numbers of recently graduated college students.
- tptacek 9y ago
  If it's proper, right, and just for society to provide higher education, is it also right and just for them to subsidize tuitions for expensive private schools rather than local state schools?
  - yequalsx 9y ago
    It depends on the society and how it is structured. Generally, no.
    - tptacek 9y ago
      How do you reconcile that position with a belief that we should forgive student debt? Do you have an estimate as to how many of those dollars will have gone into the pockets of elite schools?