3 ms·
> And as some of who supports the student loan forgiveness, yes, it is slightly inflationary but I think the benefits out weigh the inflationary effects. Being
by Aurornis 9mo ago
> And as some of who supports the student loan forgiveness, yes, it is slightly inflationary but I think the benefits out weigh the inflationary effects.
Being slightly inflationary is a strawman concern. Student loan forgiveness has a major problem in that it’s a large reward the goes only to a specific slice of society who match some arbitrary criteria and who have useful degrees. It also fails to address the root cause of the problem, letting current generations accumulate debt in the same way.
It’s an idea that appeals to a subset of the voter base for whom a college graduate with loan debt represents the prototypical struggling young person, but ignores all of the young people who are even worse off and don’t have college degrees either.
Spending a huge amount of money to forgive student loans would be politically catastrophic in ways that a lot of people who live in highly educated middle class bubbles don’t realize. There are a lot of people struggling out there, but college graduates are not at the top of the list of people who need the most help.
- zeroonetwothree 9mo agoExactly. I don’t know who decided we should spend our limited redistribution dollars on young middle class individuals with above average human capital instead of say on working class people?