Originally posted by jaden_2.0
My point is that a single income for a person with only a high school education used to be enough to comfortably sustain a family with 3+ children whilst buying a property. Now a couple both with university level educations could barely afford to rent a 1 bed apartment due to cost of living outstripping earnings by an enormous amount.Having private debt written off or paid for by the taxpayer will just encourage those institutions who are owed the debt to continue their practices because they'll think the government will always cough up regardless. This exact scenario is playing out right now in the banking industry. It also means that employers won't get any pressure into paying employees a fair rate because they know the government will step in to help. This exact situation is currently playing out in the UK where energy bills are skyrocketing and the government is giving households money to pay their bills and low and behold the energy companies have already announced that bills are to double again in January. The energy price cap now having gone from £1,300 in March 2022 to £3,549 yesterday and expected to go as high as £7,700 buy April 2023 and so long as the government keeps stepping in to pay people's bills I wonder what will keep happening to the prices.
This argument is equivalent to conservatives arguing that raising minimum wage is bad because it increases inflation. Institutions are jacking up their prices regardless of whether the government bails out debt holders or not because they know that college education is borderline mandatory to get a non trade-cuck career, and thus they have the leverage to charge whatever the market will bear. Do you know what else drives up the cost of tuition? The existence of loans to begin with. If you couldn't borrow money to pay for tuition, then the demand for admission would drop and institutions would be forced to lower their prices to make admission more accessible. Most people would not assert that student loans should be done away with altogether, though (most would assert that higher education should be free, but that's an entire separate ballgame).
It is not logical to assert that you shouldn't operate on someone with a bullet wound because they never should have been shot in the first place. The shooting happened, the victim is bleeding out. The number one priority should be to stop the bleeding.
Originally posted by truejedi
I have a mortgage I would like paid off. Or even 20k on the principle would be nice. I paid off my own 24k in student loans... I think this is an unfair plan. I also think it's ridiculous, because the government is currently still making loans, knowing they will never be repaid under this plan.
It's not fair that my tax dollars should pay for the emergency open heart surgery of some chainsmoking fat **** who had a heart attack when I work so hard to be healthy and fit, and to have health insurance. Should hospitals therefore be allowed to let people who choose to live unhealthy lifestyles and who have no health insurance just ****ing die?