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I was sitting with a D.C. lobbyist at a function dinner. Lawyer at a prominent lobbying law firm. Random seat assignments. He gets a call on his cellphone. Afte
by profsummergig 2y ago
I was sitting with a D.C. lobbyist at a function dinner. Lawyer at a prominent lobbying law firm. Random seat assignments. He gets a call on his cellphone. After the call he has a shit-eating grin on his face. Tells me Biden just signed student loan forgiveness. He had lobbied on behalf of the banks that had given the loans to the students (and students weren't paying them back).
I asked him if it was fair on the waitress earning $13 per hour to subsidize the student loan of a Law school graduate. He changed the subject deftly.
Accenture and Deloitte pay a lot of money to lobbyists for these Pentagon contracts. After the dust has settled, they'll still get juicy contracts. We will all forget that any of this happened.
- selfhoster 2y ago"I asked him if it was fair on the waitress earning $13 per hour to subsidize the student loan of a Law school graduate. He changed the subject deftly." Excellent point.
- phonon 2y agoHow much in Federal income taxes does someone making $26,000 a year pay? Single, no child, no subsidized savings...around $1,000. 1 Child...negative several thousands dollars. That's assuming all income is being reported.
- profsummergig 2y agoYour point is fair, and a valid perspective for analyzing the issue. Here's another valid perspective: the Federal money that went to subsidize the Law student's degree... it could have gone to infrastructure in a way that could have materially improved the waitress's life. Or it could have increased her child credit. Or it could have been used to incentivize her (in various ways) to seek an educational or skills upgrade.