Student loans
- Thread starter msstate7
- Start date
cajunrevenge
Well-known member
Its like you discovered politics yesterday. Trump literally just gave money to farmers to make up for the money his policies cost them.
Youth voters moving towards Trump has spooked the left for sure
msstate7
Well-known member
What's the tax rebate for non-student loan holders?
sturg33
I
...wut
nsacpi
Expects Yuge Games
It may come as a surprise to you. But over their lifetimes, people who take out student loans transfer significant amounts of money to those who don't go to college via various federal transfer mechanims. Just like New York and other blue states ship boatloads of money to Mississippi and other red states. Y'all very welcome. No need for flowers or a thank you note.
msstate7
Well-known member
What if i told you everyone that doesn't go to college isn't poor and everyone that went to school isn't wealthy?
nsacpi
Expects Yuge Games
I'd offer my congratulations to anyone who has done well with their life choices.
My broader point is that society (inlcuding people who chose not to pursue a higher education) broadly benefits from subsidies to higher education. We can quibble about how best to implement those subsidies, but the overall case for subsidizing and encouraging higher education is overwhelming. Populist folklore notwithstanding.
Last edited:
nsacpi
Expects Yuge Games
It may come as a surprise but there are quite a large number of mechanisms through which society effects transfers to those upon whom fortune has not smiled as warmly from those upon whom it has.
And all of those mechanisms involve the same tricky calibrations involving weighing how much outcomes are due to luck and how much to effort and good judgment. We certainly don't want to use loan forgiveness to discourage effort and foresight. But that's true of virtually every aspect of the large number of mechanisms through which we effect transfers among various parts of the population.
As good a case can be made that transfers from blue states to red states encourage laziness and lack of responsibility in the good people who inhabit red states (and we've been supporting them for an awfully long time). I leave it to the personal responsibility brigade to draw the appropriate inferences.
Last edited:
Very basic analysis here that lumps in people who are able to pay off their loans because of their success and do the things you mention above versus the useless people who can't pay of their loans that on average provide nothing to the tax pools.
sturg33
I
My daily reminder that that the mere fact that these loans must be forgiven is an indictment of the uselessness of the product it was used for
Yes but the surgeon who took out 250K in loans, paid it back, now has a contract making 750K a year is good enough reason to pay back the loans of kids that took womens studies!!!
IT MAKES SO MUCH SENSE!
sturg33
I
The worst part of this is how much of a chump I feel like for paying my wife's $200K off right away.
Tapate50
Well-known member
I told a friend with a daughter going to college the same.
You'd be a moron to pay cash for university fees, housing, etc right now.
Borrow it and let it roll. Worst case that money accrues in a stock acct or 529.
sturg33
I
Yeah. The principles I was taught growing up just aren't the principles of today's ruling class. Responsibility and discipline make you the butt of the joke
Tapate50
Well-known member
100%
Not to mention a money funnel for dem donors. Great money laundering scheme though.
Well BL?
Do you think the people who can't pay off their loans for useless degrees making peanuts are transferring more to non-college attendees?
Willing to stand by your comprehensive analysis?