The Supreme Court ruled Biden’s student-loan forgiveness is illegal, meaning borrowers will resume payments without debt cancellation this year.
The Supreme Court ruled Biden’s student-loan forgiveness is illegal, meaning borrowers will resume payments without debt cancellation this year.
Biden’s loan forgiveness would have disproportionally benefitted the wealthiest Americans and acted as a wealth transfer upwards.
If the problem is that higher education is not affordable, a one-time debt forgiveness does not solve the problem, and it seems a lot like, “I got mine,” then pulling the ladder up. I’d much rather we make higher education free for everyone like they do in Germany, permanently solving the problem by making higher education accessible to every American.
There’s something very funny about ostensible progressives championing a blatantly regressive wealth transfer.
But I’m sure you know enough about online political discussions to know that this isn’t the kind of realism that’s going to be positively received.
These two ideas you present aren’t mutually exclusive. Thinking that they are is limiting.
Example: “Oh hey, yeah the current system is predatory and unfair. [Bam, loans forgiven.] Also, because of that injustice, we never want to put anyone into that position again [Bam, affordable higher education].” Do the rich get “more forgiveness” than the poor? Yeah, that’s not really a problem if 100% == 100%.
I get that the rich people who pulled up the ladder after getting a cheap college education feel that loan forgiveness is cutting into their earning potential. But the needs of the rich do not and should not outweigh the needs of the many.
I really don’t think it’s the rich that are driving a lot of the opposition to this. I’m originally from a very poor rural Missouri town where the vast majority of people don’t go to college. As you can imagine, they’re not huge fans of the idea of subsidizing loans for people who are statistically going to go on to make significantly more money than they are anyway.
You’re talking about two different problems. But good job conflating the two if that was your intention. Which it seems it was.
@nameless_prole Seems like the same problem to me: college isn’t affordable.
We can address this in a systemic and meaningful way by making it affordable for everyone going forward, or we can make it affordable for a select few people who chose to take on debt at this one specific time. One addresses the problem in a meaningful way, the other does not. Canceling debt seems like a political ploy to gain favor with those who have student debt and it seems to have worked, given the downvotes garnered by every comment that isn’t pulling out pitchforks over this.
On what basis do you claim these are different issues?