| Excellent points. Everything in this country is aligned with being wealthy. Look at how they attack 'public schools', and 'teachers unions' ruining education and want to use tax dollars to subsidize private schools. Who can go to private schools? Rich kids, and extremely smart kids. I helped my GF do her taxes. 18K in student loan interest (most of her loans are 4-7%), of which only 2.5k was deductible. Meanwhile, I do well, have assets, and paid $28k in margin interest. ALL DEDUCTIBLE. What type of debt is non dischargeable? education
What loans are essentially non refinanceable and much higher interest rates? education It's as though the rich want to keep the poor, poor. The republicans were able to push through tax reform that benefited real estate investors, and wealthy individuals that live in low / zero tax states. It's as though Donald Trump's sole goal of being elected was to make his family more money in the long run. When most have nothing, the pitchforks will come out in the form of policies championed by the likes of AOC and Bernie Sanders (not that they're all bad). Student loans need to be dischargeable in bankruptcy and need to be privatized. This way, there will be accountability with the university education. People need to be able to purchase medicare policies if private insurance costs more than x% of their income. Corporate tax needs to be super low for those corporations that provide health insurance with out of pocket expense less than x% of salary, $7k / year in retirement contributions so that they'll have incentive to reparticipate in the social contract. rant over |