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Your reasoning has nothing at all to do with college, student loans, etc. Anyone that has any debt at all could also benefit from free money. People with no de
by hermannj314 5y ago
Your reasoning has nothing at all to do with college, student loans, etc. Anyone that has any debt at all could also benefit from free money. People with no debt could also benefit from free money.
Why should the government give you money to pay off your debt when for less administrative burden they could drop money out of a plane instead? Both would help the economy the same, so you haven't made it clear why people with student loans helping the economy and no one else is the antidote we've been missing.
- gravypod 5y ago> Why should the government give you money to pay off your debt when for less administrative burden they could drop money out of a plane instead? Well, for one, I don't think the recovery rate of money thrown out of a plane will be too high. > Both would help the economy the same, so you haven't made it clear why people with student loans helping the economy and no one else is the antidote we've been missing. I'm not against distribution of money to make sure everyone has the means to live a survivable lifestyle.
- ClumsyPilot 5y ago"Both would help the economy the same" We've actually been giving 'free money' to rich people for 20 years by this point, it's called quantitative easing, it gave us rising house prices and securities, and 97% of that money never made it into the real economy. So we can conclusively say that does not improve the economy. Stands to reason the free money experiment should be tried on the opposite end of the scale.