Thursday, August 25, 2022

Student Loan Forgiveness / Badness

1) It will increase inflation

2) It is unfair to those who paid off loans before or didn't take loans to begin with

3) It is regressive - and mostly helps stressed out 20-somethings who will be able to pay these things off on their own, but just don't want to.

4) It perpetuates the problem of students taking on too much debt

5) It perpetuates the problem of increasing tuition costs

6) It creates a moral hazard and will encourage others to take loans in the future

7) It is terribly expensive and will increase our national debt

It's a straight out bribe to a core democratic constituency and it's this time of thing that causes societies to collapse.

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