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Congrats. You’re were out of debt before this. And you’re still out of debt now. How about we let others at least not be underwater so the too can be out of st
by nerdjon 3y ago
Congrats. You’re were out of debt before this. And you’re still out of debt now.
How about we let others at least not be underwater so the too can be out of student loan debt. Which if you bothered to read it is the focus this time around.
Is it perfect? No. Ideally you also shouldn’t have had to work your ass off to pay off these loans. But let’s not ignore trying to fix the current bad state of things just because some people managed to get out.
It’s like saying, well some people got out of a cult mostly fine so why do we bother to go after cults at all?
- Georgelemental 3y ago> And you’re still out of debt now. But I am newly impoverished by the higher taxes, inflation, and/or reduced spending on other government programs that is required to pay for the forgiveness program.
- spxneo 3y agoYou are trying to justify and politicize the dereliction of personal responsibility on the grounds that others can foot the bill that they aren't responsible for. do you have dirty laundry too that you want people who have the time to do it for you because you are incapable of taking on that responsibility. you argument is that because interest rate and inflation is a lot higher than when you took out the loan, you should not share that responsibility (it should be others) which is just lazy and incredibly childish.
- EarthAmbassador 3y agoPersonal responsibility? That’s nonsense ideology. If one has the means, all so-called bourgeois middle-class morality can be avoided, and is by people with the means to do so.
- whateveracct 3y agowhat higher taxes?
- Georgelemental 3y agoBiden's order doesn't propose any (and legally can't), but any shortfall in government revenue will have to be made up somehow eventually.
- whateveracct 3y agoWith Biden at least, he's held pretty firm to not raise taxes on the middle or upper-middle class. So like $364k married filing jointly even (my bracket). If I ever do make enough to get hit with a Biden platform tax hike..I think I'm doing pretty okay :)
- spxneo 3y ago> How about we let others at least not be underwater so the too can be out of student loan debt That is a very selfish statement. I was burdened with student loan debt for almost a decade, nobody cared that I was underwater, so why should we suddenly start caring for you and reward your poor financial decisions? Should we start bailing you out because of your poor crypto investments too? Why does your financial problems need to be socialized but not others? You are arguing for absolving responsibility. You borrow someone's money you must pay it back.
- rightbyte 3y ago> You borrow someone's money you must pay it back. Why? Unsecured loans are servitude. And it just inflates the cost of the thing lended for. I don't think one can argue for usury from some sort of moral angle.
- JumpCrisscross 3y ago> Unsecured loans are servitude Credit cards are servitude?
- rightbyte 3y agoI guess you can argue it is not servitude if the unsecured loan is small enough that it can be repayed if the borrower wants to.
- JumpCrisscross 3y ago> you can argue it is not servitude On the basis of nobody being compelled to do labour, yes.
- rightbyte 3y agoYe. Maybe my wording with 'servitude' was just bad though.
- 3y ago
- gardenhedge 3y agoGetting out of that debt has ongoing consequences though. Not being able to afford a car and therefore limited job opportunities, having to buy a smaller home and therefore not being able to grow your family, etc. It's not hard to think of more examples.