Quote (Black XistenZ @ 29 Nov 2020 15:31)
The tax cuts for billionaires were a (predictable) mistake. Doesnt mean that full student loan forgiveness would be good policy. In particular, it would further fuel the political divisions along educational lines. College- and non-college-educated America are increasingly apart in their worldview, their values, their outlook on life, their policy preferences and their economic situation. A massive transfer of wealth from the general public (all taxpayers) toward one group is divisive policy in general, and even more so when the beneficiaries tend to be (and come from) a more privileged class. Furthermore, it would be divisive because those who had just finished paying off their student loan debt in recent years would be fucked over too.
On the fly, I cant come up with a good proposal that would solve the issue in a fair manner, but a full government bailout of student loan debt is not the solution.
similar stupid arguments were made against the abolition of slavery and women's right to vote, lol.
"can't do that - not because we don't want it but... errrr... well... b-b-because it would totally lead to division amongst the poor"...
funny how those narratives never seem to die, no matter how often they are debunked. resilient as the 'trickle down' myth, which is strangely never called a one-sided transfer of wealth towards one particular group. funny how that only ever comes up when something would benefit the lower classes...