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This is the issue with all the discussions about loan jubilee. The people who busted their asses to do things the right way are the ones who get shafted. The
by addicted 7y ago
This is the issue with all the discussions about loan jubilee.
The people who busted their asses to do things the right way are the ones who get shafted.
The better approach is to just give out cash to all grads. How do you account for people who are richer vs those who are poorer benefitting similarly? Simple. Progressive income taxes, wealth taxes, and inheritance taxes. Keep everything else blind to income/wealth.
- mikeash 7y agoGraduating debt-free is a curious definition of “get shafted.”
- BurningFrog 7y agoThis piece tries to explain how conservatives think about fairness. Including making sense of the Tea Party cry “Keep your government hands off my Medicare!”. It will make you understand this thought, if perhaps not agree with it. https://www.theatlantic.com/ideas/archive/2019/04/why-conservatives-hate-warrens-loan-debt-relief-plan/588322/ https://www.theatlantic.com/ideas/archive/2019/04/why-conser...
- logicchains 7y ago>Simple. Progressive income taxes, wealth taxes, and inheritance taxes. Your argument that "The people who busted their asses to do things the right way are the ones who get shafted" could also be applied to progressive income taxes: why should the student who busted their ass through college to get good grades and a well-paying job upon graduation pay more tax to support the D-student who drank their way through college and bullied people who cared about intellectual things?