Holding it back because you want a bonus is pretty shitty. Like, we don't hold back chemo treatments because other people died of cancer....

its not a bonus. only a sociopath-in-training would view it this way.

if anything its an equitable solution. why should minority students who took out student loans and paid them back not get $50k too?? only pale pasty privileged people like you can benefit from foolish bureaucratic procedures?? everyone else gets the shaft again huh lmfao, pathetic..

your emotion-laced example is a false equivalence.

This post was edited by excellence on Dec 7 2020 10:19pm

Bad comparison. People who died can't be treated anymore. By contrast, college students who had the fortunate (or unfortunate) timing to pay off their college debt shortly before this student loan bailout is passed are still around. It is absolutely possible to let them enjoy the same government handout as their peers with a slightly different timing. A bill that unnecessarily creates a huge injustice based on random timing luck would be a shitty bill, plain and simple. Also keep in mind how devastating it would be from a behavioral economics point of view when those who "did the right thing" by paying off their student debt in timely fashion are punished, relative to their less frugal peers. This would set a really bad precedent.

This post was edited by Black XistenZ on Dec 7 2020 10:22pm

Good investments don't pan out all the time. The thing is you're not being punished for having done so. You don't actually lose anything. You're in the same place you would have been if the bill hadn't passed.

This isn't about justice, that's for criminal stuff. Nobody is being harmed here.

This is about fairness though, and I've heard from him specifically that the world isn't fair so get over it, so yeah. Not exactly keen on taking him into consideration.

Fundamentally, nobody is harmed by student loan forgiveness. Paying back a loan is ultimately an investment, and good investments don't pan out all the time. That's just how the world works.

This post was edited by Thor123422 on Dec 7 2020 10:36pm

Those who paid their debts off just before the student loan forgiveness cutoff date will be up to $50k worse off than their peers who didnt pay it off as quickly. Fine, "punishment" might not be the perfect term for that - but it would definitely be a huge and, more importantly, avoidable injustice.


Wrong. The taxpayers who are ultimately liable for this program would be harmed. No amount of squriming and twisting facts can change the simple truth that student loan forgiveness is a government handout for an already comparatively privileged group.
Surely a better investment than corporate handouts, dont get me wrong, but definitely not solid social policy.

This post was edited by Black XistenZ on Dec 7 2020 10:47pm

people like that are fine with the proposal as-is because they will benefit. anyone who got scholarships, saved up/worked during school, or paid their loans already are just “chumps and suckers”. people like you and me have to assume risks with investments; pale pasty privileged people like little fella thor get daddy-figure government with its foolish bureaucratic procedures to extinguish his risk.

i proposed an equitable solution and he compared it to denying cancer patients chemotherapy. truly a sociopathic, selfish, net-negative pale pasty privileged lefty the core

Justice is such a loaded term that it's not useful here. It's not "injustice" when a smart investment doesn't pan out, and it's not injustice when a dumb investment makes huge returns.

The taxpayers are those getting forgiven, and their kids. You'd be hard pressed to find a family that wouldn't be positively affected by loan forgiveness (~1 in 7 people has student loan debt), and the increased economic activity from removing such a strong drag on so many would undoubtedly benefit the community as a whole.



I saved up and worked full time during school, and got some scholarships.

You're pretty much just an idiot if you think people who "saved up and worked during school" don't also have massive student loan debt.

This post was edited by Thor123422 on Dec 7 2020 10:55pm

pay your loans off since you pretend to be so smart. millions have done it, without the benefit of privilege: why don’t you? you call people idiots but need daddy-figure to protect your so-called investment. how funny it’s always the pale pasty privileged people behaving like this.

Workin on it.

Though not really a priority since I make way better returns investing than the 5% interest on the loan.

Even if tomorrow they lost all my loan paperwork and I didn't have to pay it, I'd still advocate for student loan forgiveness whether they gave me anything back or not, because it's a good idea, the right thing to do, and the country as a whole would see much greater benefits than the flat monetary value.

This post was edited by Thor123422 on Dec 7 2020 11:37pm

Not "the taxpayers" are the ones getting forgiven, those who went to college are. Non-college families would see no direct benefit, but be liable for the increased deficit/public debt to the same degree as those who strongly benefit from the policy. The share of new public debt they'd be liable for would almost definitely exceed their indirect benefits from increased economic activity.

A student loan forgiveness program which is funded from the general budget, and thus effectively via public debt, is at the end of the day a transfer from the bottom 30-40% of society toward the upper echelons. It would redistribute wealth from the plebs to the professional class, and to the banks who would otherwise be on the hook for loans which might be non-collectable and have to be written off.

If you want to go for such a program, I personally think that the funding must disproportionately come from the wealthy. But then again, if you soak the rich, it would still be better policy to funnel the money raised this way into programs which benefit the entire bottom 80% of society, rather than just those between the 40th and 80th percentile.

This post was edited by Black XistenZ on Dec 8 2020 12:04am