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Reply to "Canceling $10k of student loan debt is stupid."
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[quote=Anonymous]In response to folks conflating privately held debt with student debt... Correct me if I'm wrong but student loan debt is disanalogous to privately held debt. Privately held debt is an arrangement between two willing parties. Student loan debt was issued given unwilling (debatable) tax "revenue" where A (the government) is forcing B (the tax payer) to pay for C's (the student debtor) education then A is telling B don't worry about it, C doesn't need to pay it back while the B and B's posterity will suffer the consequences of higher future taxes to plug the gap. This seems very different from a private debt arrangement. Let me know if I'm missing something here.[/quote]
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