billionaire media tycoon and mayor of san francisco. vp @foundersfund. ringleader @hereticon. editor-in-chief @ pirate wires 
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1. make student loan payment 100% tax deductible, and retroactively 2. abolish bush’s disastrous bankruptcy abuse prevention and consumer protection (!!!) act, which exempts federal and private students loans from discharge 3. abolish federal student loans
it is essential we stop thinking of public subsidization and protection of private universities and banks as a public good, accurately diagnose the generational debt slavery such policy has caused as an existential threat, and fix it
4. Switch government funding away from demand-side subsidies to supply side (just fund public schools directly)
public schools already are funded directly. cost of attending must public schools is perfectly reasonable / manageable.
Yes, at 1.5 trillion and more than the credit card debt in the US. And you can’t default on it either, it delays major expenditures and exacerbates the political effect of QE
Couldn’t agree more. I heard your Reason podcast the other day, and you’ve got another fan. Keep at it!
thanks, man, glad you enjoyed it!
It’s actually weirdly hard to find data on where and how student loans are causing problems for people. Best all-round figure I’ve found is default collections, which reached ~3billion a quarter in 2018
The fact that mortgage interest is deductible while rent and student loan payments aren’t is a giant
to Millenials.
These haven't been deductible for generations before millenials were born, yet somehow we managed
The fact that private institutions with billion dollar endowments receive thousands of dollars per-student in government aid & loan programs is highway robbery of the American middle class.
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