this post was submitted on 17 Jun 2023
40 points (100.0% liked)
News
1751 readers
6 users here now
Breaking news and current events worldwide.
founded 1 year ago
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm not sure why anyone cares that student loans are being forgiven. It literally harms no one
In fact, in contrast to not harming people, it actually has the potential for a great boost in economic activity. Giving money/erasing debt for low income/middle income people tends to result in local spending. These people don’t hoard wealth like occurs when you give rich people or corporations tax cuts.
Yeah, but if you give things to the peons they start expecting to live a better life... and if they have better lives how can we look down on them and feel better about how superior we are?
This is the only way I could get behind it: as a form of stimulus. But we don't NEED stimulus right now. The economy is doing great, inflation aside, and stimulus would only make inflation worse.
We can kill inflation now with windfall corporate profit taxes. We could also put controls on stock buybacks.
Yes, but that's a separate conversation.