Reply to Sen. Chuck Schumer and Sen. Liz Warren just proposed forgiving $50,000 in student debt

Forum Index » Political Discussion

Reply to "Sen. Chuck Schumer and Sen. Liz Warren just proposed forgiving $50,000 in student debt"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][twitter]https://twitter.com/Leahgreenb/status/1310344591653175298[/twitter][/quote]

Interest alone.

Now think about how this debt, which can NEVER BE DISCHARGED, is factored into the security of our entire economy. It is stable when people pay their student loans, get jobs, pay taxes on their income. There is a huge piece of the pie missing that falls on private and public responsibility.

Revisions needed
- Tax laws update to allow 1:1 deduction of interest for life of payments. Retroactive in crédits up to 10 years forward or the term it took to pay off the loan.
- Corporations Taxed. Jeff Bezos needs to pay taxes on his company’s profits. Stop giving shareholder incentive to rape the commodores, leading to point 3:
- tax wealthier at rate that becomes a sliding scale based on how much corporations are taxes. Tie the two pots together 
- reduce interest rates and make it flat; adjust rates for hardship and qualifying loans
- establishing funding requirements for institutions, they have to be a certain caliber, demonstrate corporate responsibility, have XYZ to have this type of loan. Trump university should not be funded with loans of debt that is not foschargeable
- education as a whole needs. New look and Devos is not the one to do it so I’ll save those suggestions for 1/21/21 ;)[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics