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micsolana's profile
Mike Solana
Mike Solana
Mike Solana
@micsolana

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Mike Solana

@micsolana

billionaire media tycoon and mayor of san francisco. vp @foundersfund. ringleader @hereticon. editor-in-chief @ pirate wires 🏴‍☠️

San Francisco
piratewires.com
Joined January 2009

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    Mike Solana‏ @micsolana 16 Nov 2020

    Mike Solana Retweeted Mike Solana

    now that we’re back on bernie’s “cancel student debt 😤” bullshit, a few thoughts on actually solving the problem:https://twitter.com/micsolana/status/1110645712285388800 …

    Mike Solana added,

    Mike Solana @micsolana
    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
    Show this thread
    7:29 AM - 16 Nov 2020
    • 33 Retweets
    • 235 Likes
    • Juan Manuel de la Hoz Hazem A. M. Awad,PhD Robert ⠕ Victor Goico Love is Peace Billy Dee Wahl Possibly a Demo Scott LilyJoyful
    14 replies 33 retweets 235 likes
      1. New conversation
      2. Matt Quinn  🚲‏ @Mqsley 16 Nov 2020
        Replying to @micsolana

        Also - promote, remove friction to great subjects i.e. engineering and increase friction to "history of art". From a credit standpoint the federal government shouldn't be taking the risk on the later

        1 reply 0 retweets 1 like
      3. waco nahan‏ @nahanwaco 16 Nov 2020
        Replying to @Mqsley @micsolana

        Yes, make everyone boring!

        1 reply 0 retweets 0 likes
      4. Show replies
      1. Arjun Narayan‏ @narayanarjun 16 Nov 2020
        Replying to @micsolana

        remove the bankruptcy abuse provision AND make the universities liable for a portion. if there's a default, the loan provider should claw back 50% from the education provider

        1 reply 0 retweets 6 likes
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      1. xrzerps‏ @xrzerps 16 Nov 2020
        Replying to @micsolana @Cernovich

        How about just make the interest rate not 7% plus.

        0 replies 0 retweets 1 like
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      1. Mori‏ @moritheil 16 Nov 2020
        Replying to @micsolana @Cernovich

        If you want to get into it, if the government wanted people to be financially healthy, all debt payoffs should receive tax consideration. Our modern economy runs on debt though, so that is not really what they want to do.

        0 replies 0 retweets 1 like
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      1. Ryan Moulton‏ @moultano 16 Nov 2020
        Replying to @micsolana

        IMHO, cap repayment obligations at a portion of income for a fixed duration. Make this retroactive as a soft form of debt cancellation. This will finally put price pressure on colleges and align their incentives with the students' financial success, a la lambda school.

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. Michael McCarthy‏ @mmccarthy717 16 Nov 2020
        Replying to @micsolana

        Most logical tweet thread I've seen all month 👍

        1 reply 0 retweets 0 likes
      3. Mike Solana‏ @micsolana 16 Nov 2020
        Replying to @mmccarthy717

        alas, it doesn't map to any kind of incendiary politics so people tend to forget about it moments after reading

        0 replies 0 retweets 2 likes
      4. End of conversation
      1. UniqueCitizen2373‏ @michaeljauquet 16 Nov 2020
        Replying to @micsolana @Cernovich

        The reason for the current bankruptcy provision is precisely because so many people would use it. Graduate then file for bankruptcy to drop the liability. Incurring debt one has no intent on repaying is theft.

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. Andrew Stepner‏ @andrewstepner 16 Nov 2020
        Replying to @micsolana

        Love #2 1,000%. As for #1, wouldn’t making it tax deductible encourage more loans to be taken out? Consider the incentives. See the mortgage interest deduction as a similar example.

        1 reply 0 retweets 0 likes
      3. Mike Solana‏ @micsolana 16 Nov 2020
        Replying to @andrewstepner

        hoping #3 solves for this. in a world where bankruptcy is back on the table, private lenders should be more thoughtful about loaning, which should force colleges to cut tuition.

        1 reply 0 retweets 0 likes
      4. Show replies
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