3 ms·
> A person who made different decisions from somebody else could well feel resentful that somebody else got $40,000 and that they didn't. I don't have strong fe
by xg15 1y ago
> A person who made different decisions from somebody else could well feel resentful that somebody else got $40,000 and that they didn't. I don't have strong feelings against student loan forgiveness but I can understand why somebody would.
I honestly never understood that argument in the right's opposition to student loan forgiveness. It's always framed as giving some random segment of the population free money, but that's not what's happening. People made an investment, because the entire society, including the government told them at that time that this would be the right thing to do. Now it turns out, the investment wasn't just bad, the debt is also uncancellable and they will have little chance to repay it. Which means there is a high chance it will permanently reduce their chances in life and quality of life if it is not forgiven.
- PaulHoule 1y agoThat's true for many people with student loans, not true for most. (Most people can pay their loans) If you really believe student loans are unjust than the right policy is forgive them and stop making them or make some fundamental change that makes them more just (e.g. make them dischargable in bankruptcy like other loans) Forgiveness without reform adds fuel to the fire. Part of what keeps debt under control is that borrowers and lenders are exposed to risk: if borrowers believe that each Democratic administration is a spin of the slot machine that might forgive their loans they might be more reckless about getting them. Instead of good policy we get clientelism.