It is effectively. The govt (and society) recovers value through taxes which is a % earnings forever.https://twitter.com/vgr/status/722090838356992000 …
@jsfour no it isn't. The instrument is debt which doesn't go to zero with bankruptcy. Tax feedback loop is too coarse, too aggregated
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@vgr so you are saying keep student debt off of people balance sheet & take a % of earnings over the persons life? -
@jsfour that's a specific possible mechanism. I don't like it since it seems to trade debt peonage for slavery. Soln needs more imagination - Show replies
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