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yes we socialize the downside for lots of stuff, not just debt. Two wrongs don't make a right, though. By canceling this debt, no school (or student) will have
by strawhatguy 4y ago
yes we socialize the downside for lots of stuff, not just debt. Two wrongs don't make a right, though.
By canceling this debt, no school (or student) will have learned the lesson, and indeed schools can take advantage of students even more now!
- cyanydeez 4y agoPoor people can't learn. Sorry man. Also, corporations aren't incentivized to learn either.
- strawhatguy 4y agoYes, I believe I said no one is incentivized if they can get your tax dollars to pay for their mistakes. That’s precisely my point.
- isitmadeofglass 4y ago> Two wrongs don't make a right, though. If its wrong to discharge debt in bankruptcies let’s make that the law, for students and business alike. Let’s see how that works out.
- Akronymus 4y agoI think that was in relation to the government paying the debt, rather than discharging it.
- strawhatguy 4y agoBankruptcies still carry a cost, just not in money, but in trust. There are no costs to the individual entities here however.