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> the functional members of society should be the ones to pick up the burden The most recent serious proposal for canceling debt pays for it by adding a 0.5% t

> the functional members of society should be the ones to pick up the burden The most recent serious proposal for canceling debt pays for it by adding a 0.5% tax on stock trades[1]. I'm not really convinced that people gambling on the stock market are "functional members of society," and it's certainly not all members of society that gamble on the stock market. If you have enough money to play around with on the stock market, yeah, you can absorb a tiny tax on your gambling for the good of society. Most people won't be affected by the tax[2]. [1] https://berniesanders.com/issues/free-college-cancel-debt/ https://berniesanders.com/issues/free-college-cancel-debt/ which also sources https://www.tandfonline.com/doi/abs/10.1080/02692171.2018.1485634 https://www.tandfonline.com/doi/abs/10.1080/02692171.2018.14... [2] "56% of American adults own stock... American families hold an average of $40,000 worth of stocks". This would not be a significant tax on the vast majority of Americans. https://www.fool.com/research/how-many-americans-own-stock/ https://www.fool.com/research/how-many-americans-own-stock/

whywhywhywhy 5y ago
People "gambling" as you put it on the stock market take all the risk and then have to pay huge amounts of tax on any gains. Why should they pay for your mistakes. Literally every single person investing money in the stock market adds more to society than a student debt non-payee. Just got my payslip this month and I'm paying $16K in tax why should that money go to paying off your mistakes and also when I hear that it will be paying off your mistakes I'm sorry but I'm quitting my job and going full leech mode, the government will never see a single tax dollar from my work as long as I live. Just gonna live off handouts and pump out 8+ kids. Think people with your thinking are completely naive to how thin the line is that keeps society productive. Some of us are getting real tired of carrying the burden of your poor decisions. I'm pretty good at earning money when I contribute to society, I'm happy to switch that energy to exploiting society, I'm close to the edge on this, all it's gonna take is a few more things I consider stupid and I'm switching. Think it's high time productives start holding non-productives ransom instead of us being threatened with stupid spending of our hard work.
- coldpie 5y ago
  > I'm pretty good at earning money when I contribute to society, I'm happy to switch that energy to exploiting society, I'm close to the edge on this, all it's gonna take is a few more things I consider stupid and I'm switching. Hahaha, okay buddy. Let me know how that goes.

whywhywhywhy 5y ago

People "gambling" as you put it on the stock market take all the risk and then have to pay huge amounts of tax on any gains. Why should they pay for your mistakes. Literally every single person investing money in the stock market adds more to society than a student debt non-payee. Just got my payslip this month and I'm paying $16K in tax why should that money go to paying off your mistakes and also when I hear that it will be paying off your mistakes I'm sorry but I'm quitting my job and going full leech mode, the government will never see a single tax dollar from my work as long as I live. Just gonna live off handouts and pump out 8+ kids. Think people with your thinking are completely naive to how thin the line is that keeps society productive. Some of us are getting real tired of carrying the burden of your poor decisions. I'm pretty good at earning money when I contribute to society, I'm happy to switch that energy to exploiting society, I'm close to the edge on this, all it's gonna take is a few more things I consider stupid and I'm switching. Think it's high time productives start holding non-productives ransom instead of us being threatened with stupid spending of our hard work.

coldpie 5y ago
> I'm pretty good at earning money when I contribute to society, I'm happy to switch that energy to exploiting society, I'm close to the edge on this, all it's gonna take is a few more things I consider stupid and I'm switching. Hahaha, okay buddy. Let me know how that goes.