Hacker News new | ask | show | jobs
by MCllorf 1523 days ago
He still has time to do loan forgiveness "helicopter money" style. But even if all we got was an expansion of targeted relief programs I think it totally counts as fulfilling his talking point. The issue with student debt is that for some people there's no way out, but generally speaking college-educated people are more well-off and forgiving all debt would be a regressive stimulus that targets the wealthier side of the population. Targeted relief is a great way around that.
1 comments
jatone 1523 days ago
this isn't targetted relief. this is shit that was already suppose to be done.

also regressive stimulus are not even a thing. maybe you're thinking of regressive taxes? which still wouldn't be right.

link
gruez 1523 days ago
>also regressive stimulus are not even a thing. maybe you're thinking of regressive taxes?

Regressive taxes favor the rich over the poor. By "regressive stimulus" I'm presuming he's talking about stimulus that favors the rich (eg. well off layers/doctors with high student loan debt but high earning potential) over people with modest student loans but low earning potential.

link
MCllorf 1521 days ago
Yes, that's exactly what I'm talking about. It's amazing how easy communication is when your words aren't interpreted in the most obtuse and uncharitable way by extreme progressives
link
jatone 1519 days ago
words have meaning; using them correctly in context matters. the fact of the matter is the term you used has nothing to do with stimulus'. you were attempting to imply that forgiveness somehow harms the lower classes when it categorically doesnt.

the only person being 'uncharitable' here is you; attempting to label someone calling out your BS position as 'extreme' and then attempting to categorically label an entire political spectrum with the same brush.

link
jatone 1523 days ago
which still isn't correct. it doesn't hurt the poor that the upper middle class will also receive this benefit. regressive taxes do. in fact this policy still helps the lower income class because many of them will also benefit from it and far more than the upper middle class.

this means testing bullshit has got to stop.

link