I am against student loan repayments. A plumber should not be paying for your gender studies degree.
Biden is doing what the government is supposed to do. Promoting the general welfare. Massive student debt is dragging down the economy. People with degrees pay for training plumbers so why shouldn’t it work the other way ?
Because the GOP loves watching people suffer while their precious corporations gain constant free handouts. It’s actually quite funny and highlights why they shouldn’t be in control of anything, in my opinion. They say “The plumber shouldn’t pay for your loan bailout! Pay off your loan, lazy liberal!” because it’s Biden, but hooooo boy whenever Trump performed any bailout for those corps and farms when he was president, even at the expense of taxpayers, these same people were all for supporting it, because apparantly its ok for taxpayers to pay for a companies blunt failure, but it wasn’t ok to pay for your student relief. Classic.
How about you pay for your student loans and I pay for mine? We have a spending problem in this country. We can’t spend our way out of debt.
Then why are conservatives so ardent about spending on tax cuts for the rich if they’re so concerned about debt?
And why does the concern about debt only come up when spending on people other than the rich, who don’t pay their fair share of taxes in the first place?
And if you really care about debt and the economy, you’d know that unemcumbering people from personal debt gets them to spend more, pay more in taxes and - gasp - lowers the national debt.
And finally, only you pay your own student loan debt. You’re not paying someone else’s debt just because you pay taxes. That’s not your money anymore. It’s the government’s.
But you don’t care about the facts. Your just here to complain and troll.
That’s not your money anymore. It’s the government’s.
The government should be better stewards of the money they’ve confiscated from their citizens.
While the loan companies took advantage of students by charging high interest rates on loans that must be paid back. It’s not the government’s job to reward the loan companies by paying the loans or the students who accepted those terms.
The money was not confiscated. It was legally collected. If you don’t like that, contact her congressperson and vote in November. That is your recourse.
And while, yes, those loan companies should be paid back, it is not your role, alone, to determine what the government’s job is. It’s all of us together, who say that. And you get as much of a vote as anyone else. That’s democracy.
The thing is, that it benefits all of us as a society to forgive that debt, so that those people are free to spend money on products and services and pay their taxes. That benefits, the economy, which helps everybody. But here you are, selfishly only thinking of yourself. In doing so, you ignore the benefits you would receive, if the student loan was forgiven for these other people. For some reason, you foolishly think that helping these other people hurt you in someway. It doesn’t.
I dont think you know what confiscated means, taking something from someone against their will illegally is called theft, taking something from someone legally is called confiscation.
It’s not Biden’s role to determine this either, the courts have all ready told him what he’s doing is illegal.
Money is not created with this move, the same amount of money will be in the economy either way, other things go unfunded to pay irresponsible people’s debts.
AKCHUALLY
Confiscation is when the government permanently takes a person’s property without compensation.
You are compensated by the services those taxes provide.
It’s not Biden’s role to determine this either
No, but the fact that you think it is only speaks to your ignorance. It’s a rule of Congress, who has the job of approving tax bills and spending bills and so forth. That’s why I recommended that you contact your congressman if you’ve got a problem with how your taxes are spent. Again, your argument is based on misinformation and fallacies.
Money is not created with this move, the same amount of money will be in the economy either way, other things go unfunded to pay irresponsible people’s debts.
Not only does that speak to your profound ignorance of how these bills are paid for, and you really should look into that because you obviously don’t understand this at all the— the irresponsible parties were the lenders who should not have lent this money in the first place those who couldn’t pay for it. The risk was theirs to take, not the ill-informed people they took advantage of. Once again, your ignorance of how our economy works, how our laws work, and even how the finance world works is extraordinary. No wonder your argument so terrible, lol.
I’m still waiting on the citations, by the way. Of course, if you can’t back up one word of your argument, I wouldn’t be at all surprised.
So you’ve proven you don’t know what confiscation is, twice. More than the government can confiscate, it doesn’t have to be perminanent, and compensation does not factor in. A teacher can confiscate a toy from a child and give it back at the end of the day. In 1934 FDR signed the gold reserve act and all privately owned gold was confiscated, the gold owners were reimbursed but that doesn’t change that their gold was confiscated.
There is no student loan forgiveness law or even a bill, so I don’t need to contact my congressmen. It’s just one man who is breaking the law with his edicts.
the irresponsible parties were the lenders who should not have lent this money in the first place those who couldn’t pay for it. The risk was theirs to take, not the ill-informed people they took advantage of.
The lenders were many things but irresponsible is not one of them. Student loans have to be paid back, bankruptcy doesn’t get rid of the debt. Signing things you don’t understand is irresponsible, expecting others to pay your debt is irresponsible.
Ciataions for what? The definition of confiscate? That there is not infinate money? That there is no student loan forgiveness law?
I upvoted your comment until I read your last sentence. Next time try skipping that part.
Congratulations on almost contributing to the conversation
But, really, congratulations on living up to your username. ❤️
Considering the rich pay the most taxes. Why shouldn’t they get a cut?
The rich do pay their fair share as I’ve cited many times. I talk about spending cuts all the time.
Not only do the rich not pay the most taxes (especially when measured as a percentage of their total income), they definitely shouldn’t get a tax cut because they clearly benefit the most from the system that enables them to earn so much and succeed so much. As they clearly benefit the most from the system, and the labor provided by it, clearly makes logical sense that they pay the most back into it.
And you certainly haven’t cited anything with regards to your claims with me.
As measured of their total income. I’d like to see a cite otherwise. 50% of tax payers don’t even pay taxes. The top 5% pays around 90%
I’ve cited numerous times on here. I can cite again if you really think everyone else is paying more taxes.
As measured of their total income. I’d like to see a cite otherwise. 50% of tax payers don’t even pay taxes. The top 5% pays around 90%
Not only did you make the original claim that the richest people pay the most in taxes, which makes it your obligation to back that up with a citation, the rest of what you said here also needs to be backed up by citations from reputable sources.
I’ve cited numerous times on here. I can cite again
Go on then
Easy enough.
High-Income Taxpayers Paid the Majority of Federal Income Taxes
I borrowed $40k for my education. Over 20 years I repaid $75k. Had the repayment plan Biden tried to do in 2021 not been shot down by the Supreme Court, I would have had $20k knocked off my balance, which means I would have still repaid a lot more than I had borrowed.
Why should the government be making money by charging interest on student loans? Plumbers wouldn’t have paid for the repayment, instead it would have been my interest payments paying for it. And the plumber would still be getting an extra $15k out of me in excessive payments that I’ve had to make.
How TF did $40k turn into $75k?
Why should the government be making money by charging interest on student loans?
I agree. The government shouldn’t be issuing student loans. Private banks can handle that function and allow people to BK on them.
How about you pay for your kid and stock getting that tax credit? How about we stop subsidizing your gas to get to the job? You have a really dumb argument against helping people.
I pay for my kid.
I’m fine end gas subsidizes. I say we should end them all the time. Gas will double in price and it will be a Minor issue to me
My argument is logical. The law doesn’t allow it. It that’s simple.
So we should remove all tax credits then? That’s what you’re saying? Another quick question, did you take money during covid? Did your business?
I don’t receive any tax credits. Those are focused on the poor.
No I did not take or receive any money from the government due to Covid. Most of that was geared towards the poor and I am not poor.
Well then bully for you. But I think it’s important that we make education easier for folks to obtain.
It’s easy to obtain. You get good grades, you go to school, you get a degree and you pay the bill.
The issue is many people go and don’t really need a degree because they’re told it’s the path to success. Most jobs don’t require degrees. So why get one to work at Starbucks?
We need to change the idea that you need a degree.
Society needs doctors, teachers, engineers, and other jobs requiring degrees. We all benefit from their education. Why shouldn’t you pay for something you benefit from?
And yes, we can spend our way out of debt by investing in things that return more money than they cost us, like hiring more IRS agents to enforce existing tax laws or getting people better educational so they pay more in taxes from their higher paying jobs.
I paid for my own medical school. Why shouldn’t everyone else?
Jesus Christ, if that’s true, I hope your medical deduction and reasoning is a hell of a lot better than what you exhibit here.
My reasoning is solid. You have the typical left issue where you think your opinion is a fact and new ideas scare you. Luckily I don’t practice much anymore. The pay wasn’t worth the BS. So I moved into sales. I use the same skills but Make a lot more money and work a lot less. I also do research on the side. That’s why I picked up a dsci since an Md isn’t normally research focused.
“New ideas scare you” is hilarious since the definition of conservative is disliking new ideas or ways of doing things.
Anyway, case in point: why can someone with a med degree pay off their loans and not people in other professions like teaching? Because the salaries are lower relative to cost of education and there is not much money left over after living expenses. Wow, that was hard to figure out.
There are grants for teachers. Yes, the job pays less but it doesn’t require that much education.
Because the country desperately needs more doctors and paying for their education is a huge incentive for people to go into the field. Not everyone is fortunate enough to be able to afford to go to school for 8-10 years. Lack of ability should be the only thing barring a prospective doctor, not the fact that they don’t have a family wealthy enough to support them through their education.
Umm. That’s not his medical school works. We have a limited number of slots. It’s a supply vs demand issue.
It’s not like we are sitting around with billets not being used. Medical schools turn away a large amount of people who apply due to space.
Then you have residency. We have a shortage of spots in the residency programs. So even if you graduate medical school, you may not get selected for residency.
Without residency, your job options are very limited.
You are completely missing that we are not just talking about doctors. That’s just an example. We also need nurses, teachers, engineers, and all sorts of other jobs requiring advanced degrees. (Part of the reason med school is limited is there aren’t enough people to teach it. The demand is there, the supply can’t keep up).
You are completely missing that we are not just talking about doctors
That’s the example you brought up.
Part of the reason med school is limited is there aren’t enough people to teach it
That isn’t an issue. The issue is medical groups push to limit supply. It’s keep the salaries high.
They all fall under the same thing. Just pay your own school
Are you aware that the largest recipients of taxpayer money in the country are the wealthy?
NO and also the biggest taxpayers in the country are plumbers!! Meanwhile Elton Musk and corporations like ATT play $3 a year. But also we need to spend $900 billion a year on the military.
See this shows why you argument is so weak. Elon made a dollar. So how much taxes should he pay n a dollar ? It’s the common income vs wealth that people just can’t seem to wrap their heads around.
he’s always like that
Man, you gotta just pity this guy. Is he desperate for attention? Screaming into a void? The world may never know.
So you think a plumber should pay for someone else’s degree? Luckily I’m not screaming in a void. SCOTUS agrees Biden can’t cancel loans. Big win for my team
That’s not how it works. If you had even an elementary understanding of how taxes work in this country, you understand that you, personally, are not paying for anyone’s anything. But you don’t care about the facts.
However, you will gladly lie about it to spread false information to others, because it serves your political purpose. And sad that your politics rely solely upon lies.
That’s actually how taxes work. They take money from me and give to someone else. It’s called a wealth transfer.
That’s not how taxes work at all
A plumber should not be paying for your gender studies degree.
And what if I’m getting a degree in computer science, mathematics, statistics, physics, economics, or medicine? Would it be okay for me to leech off society for a bit before I get a job and contribute to it by working for, say, Google for a bit, before I start my own tech company? Would that be okay?
NO the only legitimate jobs are plumbers and cops.
The jobs that actually provide value are the ones that should be subsidised by the state.
I’d be behind free trade school. I’d 100% support that.
How about you pay for it yourself instead of being a leech?
No
Removed by mod
I’m not understanding the controversy here.
If the government uses some of the budget to pay back part of student loans, the creditors get their money so that’s good for them. The debtors having been relieved, will spend that money instead on products and services - some of that money will be collected as taxes, and some of it will circulate into the economy. A sizeable portion of that money will go to businesses that can invest it into more employees and providing more services and products available to consumers, expanding the economy and generating more tax revenues. In the case of federal loans, the government is really just wiping out a debt to itself, nobody is actually losing money on this. So if I haven’t misunderstood or missed something crucial, my question is: WHO IS THE VICTIM?
There’s lots of victims.
- Congress who had their budget ignored.
- The area that is spending this money.
- Taxpayers that elected representatives to decide how money gets spent.
WHO IS THE VICTIM
The tax payer. That’s who
Can you explain how? How is the plumber losing anything? It seems to me he is gaining.
He is gaining nothing but more national debt and higher taxes.
The current system works fine.
I don’t think this is an actual explanation of anything.
If anybody has any suggestions on where I can read up on this I’d be grateful. I think most news articles I have read are very scare on details and I’m interested in something more in-depth than “debt bad, Biden good” or conversely “Biden bad, system fine”
The Cato Institute, formerly the Koch Foundation? Thanks but I was hoping for something with less of a “let’s exploit the working class” slant to it.
Facts are facts. We tend to lean on conservative sources here
Where else is the money coming from if not the tax payer?
You won’t make a lot of friends with this
I have plenty of friends. I’m not accepting applications for new friends at this time.
People like you have no friends. That’s why you try so hard to gain validation through opposition. But that’s not real validation, either. It’s just validation that people hate you. For good reason.
Through all your effort, the only one you have fooled here is yourself. And it cost you a lot.
I have plenty of friends but thanks for the ad hominem. I’ve been out every night this week with a different friend. Can you say that? I doubt it.
Removed by mod
Sounds weird, why don’t the same friends want to go out with you more than once a week?
Friend, person
Man, woman, camera.
They do, but then I’d be neglecting my other friends. I get it’s a problem you don’t have but it’s pretty easy to understand. If you go out with one friend all the time, your other friends don’t see you
Why not do them a favor?
I can’t wait for Joe and his ilk to be rotting in hell
Joe as president is hell.
Desperately trying to improve his approval rating ahead of the election by indirectly buying votes. You agreed to the loans, you should pay them back.
First half is correct, second half isn’t. Student loans are a predatory system taking advantage of kids’ hope for a better future.
Maybe so, but forgiving them doesn’t fix the underlying problem.
True but it’s better than nothing.
Right, so forgive them and make education free. Gotcha, I’m with you.
