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> Sen. Elizabeth Warren and Majority Leader Chuck Schumer support a plan to forgive as much as $50,000 in student loans per borrower, and according to the Washi
by londgine 4y ago
> Sen. Elizabeth Warren and Majority Leader Chuck Schumer support a plan to forgive as much as $50,000 in student loans per borrower, and according to the Washington Post, the Biden administration is preparing to announce a plan that would forgive $10,000 in loans, phasing out that gift at $150,000 in income for a taxpayer filing individually and $300,000 for a couple filing jointly.
The "easy" solution is to give everyone $150,000 with a string attached, requiring the money to go to your student loans first. Trump showed us that the government can give "free" money to all citizens. This will just be 50x more. Let the citizens decide if their money should be used to go to college, avoid working night shifts, or even go on a year long cruise. This will be a much fairer solution then giving money just to college educated people who haven't yet pay what they promise they would.
Regarding inflation and deinsensitiving working, well if you make a bad law, expect a bad outcome.
- bushbaba 4y agoScrew it. Why not give every American 1 million in USD. People can work if they want to.
- shakes_mcjunkie 4y agoThe government owns the debt and can pay itself off. It doesn't need to "give" money to anyone.
- dmitrygr 4y agoInflation should be fun .... https://www.youtube.com/watch?v=9x-wQWZuQho https://www.youtube.com/watch?v=9x-wQWZuQho