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>wouldn’t student debt forgiveness also hugely benefit (perhaps unfairly) people with that privilege? The last thing these people want is meritocracy, because
by pytester 7y ago
>wouldn’t student debt forgiveness also hugely benefit (perhaps unfairly) people with that privilege?
The last thing these people want is meritocracy, because it forces them into competition with poorer people for the most prestigious and high status jobs.
If not having to worry about graduating with a crippling debt load is a privilege everybody has rather than a privileged elite, then the competition that privileged elite faces is greater.
>I suspect that many students with less family wealth tend to take on less student loan debt, even if they would be accepted to the same college education opportunities. I would call this “financial responsibility,”
Then you are also using "financial responsibility" as a euphemism for rich.
- baddox 7y ago> Then you are also using "financial responsibility" as a euphemism for rich. I am saying the opposite. The financially responsible ones I was talking about are the less wealthy people who choose to take on less debt because it would be a huge risk.
- pytester 7y agoYou are lauding the "financial responsibility" of 18 year olds taking what it usually the losing side of an enormous lifetime financial gamble that they are forced into? You're arguing that choosing tails on a bent coin is the "right" choice? Just to be clear: 1) college debt is enormous 2) on balance it is worth the risk given future earning potential 3) it's not clear to the average person let alone the average 18 year old whether the gamble is correct.
- baddox 7y agoI'm sorry, I don't think I'm arguing the things you suggest I'm arguing. I also don't know whether taking on college debt is usually worth it. If it is, then why do we need to forgive all the debt? If it's usually a wise choice to take on the college debt, then shouldn't we just have some programs for the minority of people whose post-college earnings were insufficient (something more like Warren's plan to means-test the aid)?