this post was submitted on 17 Jun 2023
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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?