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This can go either way, though. It's just as easy to argue that cancelling student debt is a highly effective form of economic stimulation. There are droves of
by foobarchu 7y ago
This can go either way, though. It's just as easy to argue that cancelling student debt is a highly effective form of economic stimulation. There are droves of people who are actively putting off large purchases like houses and cars, and delaying having children, almost entirely because of student loan debt. Removing a huge ongoing monetary obligation from a massive section of people who want to spend is a lot more likely to help the economy than more tax cuts for the already wealthy who are probably going to hoard that wealth away.
- Wellshit 7y agoWhat's to prevent people from going to 'study' and amass huge amounts of student debt and then say "But it was cancelled for them" ?
- dantheman 7y agoWhy not just give everyone 100k, people could buy houses cars, etc.. it'd really help those who couldn't even dream of going to college, even with loans. It'd drive up housing and everything else.
- AareyBaba 7y agoThat is candidate Andrew Yang's proposal. 120K to every American over 10 years. You should checkout his proposals. There are long form interviews on Youtube. https://www.youtube.com/watch?v=cTsEzmFamZ8 https://www.youtube.com/watch?v=cTsEzmFamZ8