Now that student borrowers aren't getting a "free ride", I want PPP loan recipients to be required to pay back the full amount, plus say, 9% interest, retroactively. Why should my tax dollars pay for your free business loan?
this post was submitted on 30 Jun 2023
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Please, think of the billionaires /s
5 rich people sign a paper saying it's cool if they die in a shitty submarine, they do, and we spent millions trying to find them.
But people actually need help and we could improve our society and economy in numerous ways, and we can't do that.
I hate this place so God damn much.
we Americans are granted a lot of freedoms - not that many countries offer similar freedoms. you could try to leave & go elsewhere but just because the grass looks greener, it doesnt mean that it is.
"America touts itself as the land of the free, but the number one freedom that you and I have is the freedom to enter into a subservient role in the workplace. Once you exercise this freedom you've lost all control over what you do, what is produced, and how it is produced. And in the end, the product doesn't belong to you. The only way you can avoid bosses and jobs is if you don't care about making a living. Which leads to the second freedom: the freedom to starve"
-Tom Morello, Rage Against the Machine
So if I want my freedoms as a gay man I should just move? Rather than us just being better? It's cool to praise the US and our freedoms, but the second we see the opposite we just tell people to leave, and yet we are supposed to be the good guys? Lol
Wouldn't it just be so cool to live in a society where people cared about their neighbors?
it's called communism. doesnt work.
Thats not what communism is and even if it was, you literally just tried to say caring about other people is bad regardless of what its called. This is part of the problem.
Go back to your conservative instance, bigotry and hate is not welcome here
He simply said (admittedly completely wrong) something doesn't work, how exactly is that bigotry and hate???
aw geez
edit:
America: We need to reduce cost of education!
Government: Hey let's put our taxes towards cheaper education!
America: no.
America, can you explain?
America, can you explain?
The system is rigged by the greediest people in the country.
Why is it rigged? Are adults surprised they're obliged to pay back money they borrowed?I
When the richest people in the country get loan forgiveness then yes, it can be surprising that the poor don't get it.
Student debt cannot be simply expunged through bankruptcy, it requires extra steps.
After the 2008 sub-prime mortage crisis, Hedgefunds and Banks didn't stop with their predatory behaviour, they simply shifted it around. Student loans were a prime target for that. As well as commercial mortage backed securities (CMBS) rather than the mortage backed securities (MBS) from that bubble popping in 2008.
With COVID making work from home inevitable and CMBS becoming a huge risk factor as well as student loans possibly being forgiven, the financial elites have been rotating to survive another day until they can resume squeezing your pennies out of you again so they don't have to go under.
Just a piece of the shit pie that the US financial markets are. It's just a huge rackateering ring. I'd be immensely surprised if student loans were ever forgiven or university costs socialized again in the future. It's just too lucrative to fuck young people.
Capitalism has robbed us of more than we could ever even imagine. To the point where most people don't even realize they've been robbed. It's tragic.
We live in a society where amoral, faceless corporations are more valued than actual human life. And those corporations have so much power over people, and their cognition, that the majority have been tricked into consenting to this perverted system against all of their interests. And I would love for someone to explain to me why there should ever be a distinction between the people producing something, and the people/corporations that own the means of that production. Why should these be two different groups, and why in the FUCK would the class that doesn't do any actual goddamn work, make 300x more money? It's fucking disgusting.
But on the other hand, they said they were going to lower taxes. And also, trans people exist, so........
Capitalism has robbed us of more than we could ever even imagine. To the point where most people don't even realize they've been robbed. It's tragic.
Capitalism isn’t perfect, but it’s the reason our standard of living is higher than ever. Every time we try anything else, millions of people die. I’m not sure how many more people need to die for people like you to accept reality. We need to improve capitalism, not turn to authoritarianism.
Lets be honest - the plan was an overreach. This had to pass through congress. So SC is not wrong.
But it couldn't pass through congress because of lobbying. Which was bribery made legal by SC. Which was a very controversial decision. But if Roe could be overturned, we should focus on getting Citizen United overturned. And America will be great again.
But for that US should be united. And that will not happen because all the oligarchs domestic and abroad make sure of that and they lobby secretly and hard. You have Saudis, Chinese buying corporations influencing US decision making. You have Russian interference. European banks also service these oligarchs, so its in their interest too. Now other countries with oligarchs are jumping in too. And they put smokes and mirrors in front of you to keep you off from the real goal - creating issues where there should be none. To keep America divided.
So its a long attrition based slug war which can only be fought when we love our fellow Americans and stop listening to hate everywhere around us. And realize that all politicians are evil, so you have to keep them pressed. They will not share power, we the people have to be strong and take the power from them.
No one can destroy US. Only US can destroy US.
This is the most lukewarm, wishy washy, "enlightened centrist" shit I have ever read. Like,
So its a long attrition based slug war which can only be fought when we love our fellow Americans and stop listening to hate everywhere around us.
???
What are you fucking talking about? This is some next level naivety.
The two party system sucks ass and causes everyone to turn their brains off. "Enlightened Centrism" is just a meme aimed at ridiculing people who think for themselves instead of bowing to one party or the other. You need to hate half the country so that you don't all gang up on the rich.
This quote from Pence is so unbelievably infuriating.
Joe Biden’s massive trillion-dollar student loan bailout subsidizes the education of elites on the backs of hardworking Americans
Good to know all of the millennial and gen z college graduates earning less than $125,000 per year and struggling in an awful economy are "elites" and not "hardworking Americans."
Since I'm now apparently an elite, do I get a membership card in the mail?
Although the language is very imprecise, a university graduate will make $720,000 more over a 20 year period than a non-university graduate, spend four years out of the labour force not paying taxes and then will also have a higher life expectancy drawing from the public pension longer.
Tell me why it’s reasonable for people who didn’t go to university to help foot the bill for people who did?
This is the exact type of resentment members of the GOP are trying to sow among marginally different income brackets to promote infighting rather than pointing the finger at the actual "elite" class. You shouldn't have to be saddled with massive amounts of debt to simply get an education. Adjusted for inflation, college tuition has increased nearly 750% since 1963. Source.
Why not tax the rich to pay for programs to support the lower and middle classes? Or subsidize education?
a university graduate will make $720,000 more over a 20 year period than a non-university graduate
That $720,000 difference over 20 years is less than a one-year salary for thousands of CEOs. Based on this list, there are 2,721 CEOs who earned more than $720,000 in 2021 (you have to scroll all the way down to page 137 to find a CEO earning less than $720,000).
It's a drop in the bucket.
spend four years out of the labour force not paying taxes and then will also have a higher life expectancy drawing from the public pension longer.
If university grads earn more, wouldn't their higher tax contributions quickly make up for the four non-tax-paying years compared to someone earning less without a degree? Not to mention it isn't uncommon for students to also work while in college.
Regarding life expectancy, this is the same blame-game criticism. What impact would affordable healthcare have on life expectancy? Or a higher minimum wage?
Tell me why it’s reasonable for people who didn’t go to university to help foot the bill for people who did?
You could make the same argument for any type of program that distributes tax dollars to others. "Why should my hard-earned money go to someone sitting at home on welfare?"
The federal government clearly has no problem throwing obscene amounts of money at corporations, whether they need it or not, so why not divert some of that aid to the people?
When I took out my student loans, I knew what I was signing up for, and I never expected — or wanted – the government to step in and waive them. After seeing the massive amounts of money the government handed out in the form of PPP funds, including potentially $200 billion fraudulently (source), my view changed. If billionaires were getting PPP loans for millions of dollars, why shouldn't a bunch of college graduates get $20,000 each?
Would you rather your tax money go to reducing student debt or $2 million to $5 million to Kanye West's Yeezys? Or Tom Brady's TB12 getting nearly $1 million?
It's obviously not an actual either-or question, but ultimately, if the government is bailing out billionaires, banks, etc., then yeah, fuck it, help your middle class college graduates.
There aren’t enough CEOs to tax to make up the $400 billion it would cost for the student loan forgiveness.
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