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by diogenes_of_ak
1653 days ago
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I had an expensive education, just paid it off last year. We lived with my folks for a year to finally pay it off after 10 years. Nobody should have to struggle that way. Make college free and forgive the outstanding debt. My $1000/mo made my life extraordinarily expensive… |
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I will take the example of my friend. He's at a no name company as a new grad software engineer making $96k. That is, he's working at a position attainable to everyone. That's $8000/mo pre-tax and he lives in a fairly LCoL area. $1000/mo for 5-8 years is peanuts compared to the extra taxes he'd pay for a lifetime under your idea.
If you consider it from the perspective of someone working at FAANG ($200k new grad salary) $1k/mo is even more trivial.