6 ms·

wow, what an abstract and deplorable example of NIMBY. i.e. "we want people to suffer crippling debt because we are worried about bananas costing 10 cents more

wow, what an abstract and deplorable example of NIMBY. i.e. "we want people to suffer crippling debt because we are worried about bananas costing 10 cents more"

toomuchtodo 4y ago
The macroeconomic literacy of your average voter is pretty poor unfortunately. https://news.gallup.com/opinion/polling-matters/393584/americans-view-higher-inflation.aspx https://news.gallup.com/opinion/polling-matters/393584/ameri... https://morningconsult.com/2022/05/18/power-to-control-inflation-data/ https://morningconsult.com/2022/05/18/power-to-control-infla...
dumpsterlid 4y ago
To be fair the NIMBY cruelty of it all must really kind of sneak up on you when all you do is watch CNN or something for news
mantas 4y ago
If person A paid back his student loan, why would he have to cover other's student loan by his taxes (or price increase or whatever)?
- toomuchtodo 4y ago
  For the same reason my taxes and insurance premiums pay for someone else’s healthcare. Student loan debt at this scale should’ve never existed. It’s a policy failure (but so is a lot of US policy, so ¯\_(ツ)_/¯)
  - mantas 4y ago
    Healthcare is insurance for possible future accidents. A may have higher risk of breaking a leg, B may have higher risk of cardiovascular accident. Eventually it evens out. No matter how healthy lifestyle you lead, you've a risk of ending up in hospital. For active lifestyle it may be even higher :) Meanwhile student loan is past decision. As well as paying it back or not. Some people may have lived on noodles to pay it back asap while others took the easy route. Maybe all payments shall be returned too? Of course, US high education costs are stupid. There needs to be more incentive to guide people towards degrees that will pay for themselves too.
    - toomuchtodo 4y ago
      You’re implying morality on rows in a database (the debt in question). > Some people may have lived on noodles to pay it back asap while others took the easy route. Indeed, life isn’t fair, and why policy shouldn’t inflict suffering “because it was hard for me.” (broad strokes) That’s not just silly, it’s toxic when expressed as policy.
      - mantas 4y ago
        At the end of the day, law is morality. Both inspired by (a part of) society's moral code and enforcing (a part of) society's moral code. Some people might think that life isn't fair, thus law shall not be fair either. But other people think that law shall make the world more fair. In today's world, frequently former group ends up :surprised pikachu: when later group ain't happy. Personally, it's toxic if a law promotes irresponsible behaviour. Choose whatever crappy degree, never mind paying back the student loan... Society will bail you out! Same „too big to fail“ BS, just targeting a different audience.
immigrantheart 4y ago
Student debt is a personal responsibility. It is a personal choice. There are people who knowingly decided not to take higher education because they knew it would make them go into debt and instead went to work instead, providing for their family. These are real tangible opportunity cost for these people who decided that they couldn't afford college debt. If you forgive student loans, then those people who went on debt with abandon in expensive universities, expensive cities, and intentionally took out loans more than they can afford, you are giving these people who made bad decisions advantage over people who didn't. America is about personal responsibility, at least that's my view as an immigrant, that's why I came here. If you want to make things fair, then just give everyone $80k. Went to college or not. Of course that would destroy the economy. I care less about being called names like deplorable or NIMBY. It's not like it would change my mind.
- l30n4da5 4y ago
  > Student debt is a personal responsibility. It is a personal choice. While I agree with you, to an extent, you cannot ignore than many young people were pressured into going to college, and going to a 'good school' by the authority figures in their life at the time (be it parents or school counselors). they were sold the lie that college would pay for itself, and for many it has not. I got lucky, personally, and don't have much in the way of college debt due to scholarships and such, but my degree is still just a very expensive piece of paper since I have done absolutely nothing with it.
  - mountainriver 4y ago
    Yeah and now they have a good degree from a good school which is advantageous over someone who was more frugal.
  - immigrantheart 4y ago
    I went to get my CompSci master in a public college somewhere in NYC, total cost $20k. Now I earn more than $250k/yr. You can get into college without spending insane amount of money. You can also choose a more marketable major.
wallawe 4y ago
very bad take. inflation hurts the lower class the most, and these are likely to be people who don't even have student loan debt because they never went to college. so you're advocating for giving the middle and upper class a break at the expense of the poorest demo in America.
president 4y ago
I shouldn't be responsible for someone taking out a $40k loan for their art degree in poetry and not being able to find a job that can pay it back.

wow, what an abstract and deplorable example of NIMBY. i.e. "we want people to suffer crippling debt because we are worried about bananas costing 10 cents more"

toomuchtodo 4y ago

The macroeconomic literacy of your average voter is pretty poor unfortunately. https://news.gallup.com/opinion/polling-matters/393584/americans-view-higher-inflation.aspx https://news.gallup.com/opinion/polling-matters/393584/ameri... https://morningconsult.com/2022/05/18/power-to-control-inflation-data/ https://morningconsult.com/2022/05/18/power-to-control-infla...

dumpsterlid 4y ago

To be fair the NIMBY cruelty of it all must really kind of sneak up on you when all you do is watch CNN or something for news

mantas 4y ago

If person A paid back his student loan, why would he have to cover other's student loan by his taxes (or price increase or whatever)?

toomuchtodo 4y ago
For the same reason my taxes and insurance premiums pay for someone else’s healthcare. Student loan debt at this scale should’ve never existed. It’s a policy failure (but so is a lot of US policy, so ¯\_(ツ)_/¯)
- mantas 4y ago
  Healthcare is insurance for possible future accidents. A may have higher risk of breaking a leg, B may have higher risk of cardiovascular accident. Eventually it evens out. No matter how healthy lifestyle you lead, you've a risk of ending up in hospital. For active lifestyle it may be even higher :) Meanwhile student loan is past decision. As well as paying it back or not. Some people may have lived on noodles to pay it back asap while others took the easy route. Maybe all payments shall be returned too? Of course, US high education costs are stupid. There needs to be more incentive to guide people towards degrees that will pay for themselves too.
  - toomuchtodo 4y ago
    You’re implying morality on rows in a database (the debt in question). > Some people may have lived on noodles to pay it back asap while others took the easy route. Indeed, life isn’t fair, and why policy shouldn’t inflict suffering “because it was hard for me.” (broad strokes) That’s not just silly, it’s toxic when expressed as policy.
    - mantas 4y ago
      At the end of the day, law is morality. Both inspired by (a part of) society's moral code and enforcing (a part of) society's moral code. Some people might think that life isn't fair, thus law shall not be fair either. But other people think that law shall make the world more fair. In today's world, frequently former group ends up :surprised pikachu: when later group ain't happy. Personally, it's toxic if a law promotes irresponsible behaviour. Choose whatever crappy degree, never mind paying back the student loan... Society will bail you out! Same „too big to fail“ BS, just targeting a different audience.

immigrantheart 4y ago

Student debt is a personal responsibility. It is a personal choice. There are people who knowingly decided not to take higher education because they knew it would make them go into debt and instead went to work instead, providing for their family. These are real tangible opportunity cost for these people who decided that they couldn't afford college debt. If you forgive student loans, then those people who went on debt with abandon in expensive universities, expensive cities, and intentionally took out loans more than they can afford, you are giving these people who made bad decisions advantage over people who didn't. America is about personal responsibility, at least that's my view as an immigrant, that's why I came here. If you want to make things fair, then just give everyone $80k. Went to college or not. Of course that would destroy the economy. I care less about being called names like deplorable or NIMBY. It's not like it would change my mind.

l30n4da5 4y ago
> Student debt is a personal responsibility. It is a personal choice. While I agree with you, to an extent, you cannot ignore than many young people were pressured into going to college, and going to a 'good school' by the authority figures in their life at the time (be it parents or school counselors). they were sold the lie that college would pay for itself, and for many it has not. I got lucky, personally, and don't have much in the way of college debt due to scholarships and such, but my degree is still just a very expensive piece of paper since I have done absolutely nothing with it.
- mountainriver 4y ago
  Yeah and now they have a good degree from a good school which is advantageous over someone who was more frugal.
- immigrantheart 4y ago
  I went to get my CompSci master in a public college somewhere in NYC, total cost $20k. Now I earn more than $250k/yr. You can get into college without spending insane amount of money. You can also choose a more marketable major.

wallawe 4y ago

very bad take. inflation hurts the lower class the most, and these are likely to be people who don't even have student loan debt because they never went to college. so you're advocating for giving the middle and upper class a break at the expense of the poorest demo in America.

president 4y ago

I shouldn't be responsible for someone taking out a $40k loan for their art degree in poetry and not being able to find a job that can pay it back.