this post was submitted on 06 Dec 2024
28 points (74.1% liked)

Asklemmy

44067 readers
812 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_[email protected]~

founded 5 years ago
MODERATORS
 

I have an economics teacher that made this claim in class yesterday. I wanted to know other people’s thoughts about it.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 6 points 5 days ago (1 children)

In the strictest legal sense it's not stealing.

Forgiving loans of those who followed a program and qualified is definitely not stealing. Not forgiving those loans and forcing payment, is at least analogous to stealing.

Blanket forgiveness of all loans is similar to stealing from future generations, as it is government debt that isn't getting repaid as expected.

[–] [email protected] 3 points 5 days ago (1 children)

Why would it be government debt? Just cancel the loan, don't pay it on behalf of the borrower.

[–] [email protected] 1 points 4 days ago

The government guarantees the loan. Student loans are ultimately the government taking out a loan on behalf of a citizen.