@Taxillusion@Phant0mJay@ChumBucketArt@DailyLoud The printing of all the stimulus is what caused our inflation along w/ gov reckless spending. Forgiving billions in debt will just add to it. The gov fixes a problem they create and make things worse. College tuitions increased exponentially as soon as gov got involved w fed aid
@Taxillusion@Phant0mJay@ChumBucketArt@DailyLoud People were working and still getting stimulus checks. I agree with you, the gov blows our money on bs. That’s why I’m against big gov, especially if they can decide who is or isn’t essential. I’d much rather they not send billions to Ukraine and student loans, and be taxed less
@Taxillusion@Phant0mJay@ChumBucketArt@DailyLoud Sorry, I thought the original topic was the redistribution of wealth forced by our gov to pay off others student loan debt. And yes, you could have quit your job and collected money during Covid. Ppl weren’t forced to work, but only forced not to as gov deemed them“non essential”
@Taxillusion@Phant0mJay@ChumBucketArt@DailyLoud My point is, the gov forced their job to be shut down. The state gov decided who were essential workers. The “essential” has the choice whether or not to go to work. Everyone under $75k got sent a stimulus check, working or not
@vvhhaatt @Doofenshmartz @Phant0mJay@ChumBucketArt@DailyLoud It’s all special cases. Opportunity cost as you put it. You could have your money tied up in bonds and cds or you could have bought shares of nvda. The point is you should decide what you do with your money. Not have the gov redistribute it as they see fit.
@Taxillusion@Phant0mJay@ChumBucketArt@DailyLoud Nobody “had” to work. If it was too difficult, they could have taken a “year long vacation” like everyone else. But those doctors and nurses with the choreographed dance routines on tic toc looked like they were having a good ol time
@vvhhaatt @Doofenshmartz @Phant0mJay@ChumBucketArt@DailyLoud How is that irrelevant? What’s the difference if you make more money or the gov takes less money from you? The goal may not be just making more money. You may want to buy a house, but have too much debt to be approved for the amount you need. That’s what I was told at least
@vvhhaatt @Doofenshmartz @Phant0mJay@ChumBucketArt@DailyLoud If you’re applying for a mortgage and you have a lot of student debt you may not be approved for as much as you’re looking to get. It may be more beneficial for someone to pay off that debt rather than have it stuck in a bond
@vvhhaatt @Doofenshmartz @Phant0mJay@ChumBucketArt@DailyLoud I have fed and private student loans. I consolidated my private loans at 4.48% interest. I’m paying that off monthly, but any extra $ I’m putting into 4 week t bills with a higher yield, but who knows how long that will last. My fed loans have a higher interest rate
@Kaatelinnn @ClasicoTiempo @Cody_Has_Ligma@ChumBucketArt@DailyLoud Upset because they know loans aren’t just being canceled. The loans debt was used. Spent to pay college professors and admin. The prof. and admin aren’t going to give back the money they were paid from the loans, so who is going to pay for it?
@Phant0mJay@ChumBucketArt@DailyLoud So you were allowed to continue working while the gov deemed some to be non-essential. Forced lockdowns, essentially putting many small businesses out of business while big corporations were able to run. Seems like you were one of the lucky ones
@virtualplayon @DailyLoud That is the equity. They believe it’s fair. Equality has been thrown out the window. Your reward for being financially responsible and paying off your debt is to now be forced to pay for other’s debt.
@ccarollllll@DomClare @CaesarTheIgbo @esatoshiclub@DailyLoud Less debt.. where is it going to go? It doesn’t just disappear. Improve spending, the trillions printed and given out as stimulus is what caused this inflation and is what’s hurting our economy
@CaesarTheIgbo @esatoshiclub@DailyLoud I got a bachelors of fine art degree at an expensive private college… for our nation. Now you must pay for it. Lol
@9illeh@DailyLoud Yes, everyone will support this literally when our taxes are inevitably raised to pay for it and in the additional inflation caused by $39B. So much for Feds Quantitative tightening when our gov is throwing around billions