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Reply to "This story of loan forgiveness does not sit well with me"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OMG -- I wish someone would create a chart that compares the "cost" of student loan forgiveness against the cost of tax breaks for the wealthy and corporations. Why do Americans think it's totally unfair to forgive student loans but it's totally fine that most US corporations pay almost nothing in taxes? When Republicans eliminate taxes for the super rich and for corporations, everyone shrugs. When Democrats eliminate crippling student loan debt for a few thousand people, everyone goes nuts. Explain it to me like I'm 5. [/quote] I'll explain to you. If you worked hard and tried to figure out a way to pay your debt by getting a higher paying job, then got it forgiven, that's fine. If you did not want to get a higher paying job even though you knew you should to pay the debt, but then decided to stick it to the taxpayers and go off on a meditation vacation, then it's not fine. Understand?[/quote] Who are you to judge who "worked hard" enough? Do corps have to make such a showing before getting debt written off in bankruptcy (no, no they don't). [/quote] This guy even knew he should get a higher paying job, so yea I judge him. It's my tax money that paid his debt off, so I think I have the right to judge how my money is used. Yea, corporations actually do have to show that they attempted to cut back and do what they need to get their debt written off.[/quote] Yup! And individuals should know that a music major (I have a degree in that as well) isn't likely to pay off $200K+ in loans with just that degree. So don't take out that much in loans. Just like I don't buy a $75K car if I can't afford it. I buy a 25K car, or a $15K used car or I keep driving my 10 year old clunker because it's cheaper to repair than to buy a new car. Time for individuals to be responsible for their own financial decisions [/quote]
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