We'll tax everything but an endowment
the problem with our government ‘forgiving’ student loans is not only that many struggled for years to pay their debt off, and expecting them to now pay off someone else’s debt is unfair. it’s that colleges should be held accountable for this.
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probably the one issue where our bubble is so far removed from the mainstream that it's nearly impossible to try & be broadly persuasive there is just no room in the American discourse for blaming colleges for the situation they have helped create, most don't even see the issue
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There is plenty of room. It’s becoming part of the conversation.
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Also what happens once they are all forgiven? Do loans just stop? No, it just starts from $0 and still grows.
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It’s a bailout for the schools. Even worse than Wall Street because instead of paying it back they’ll double down on delivering a horrible product at the highest possible cost.
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I’m assuming this debt forgiveness goes hand-in-hand with a fee cap on higher education?
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Similar to incumbents benefiting from regulatory capture Colleges would love this and we'd be farther away from solving the underlying problem
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feds need to get out of the loan business
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