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by crhulls
1478 days ago
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I don't think many people have the mindset of being against student loans because "they've already paid off theirs." I'm sure some people feel that way, and it is an understandable emotional reaction, but you are giving the strawman version of the argument. The more measured position against student loan forgiveness is: -People in the trades who did not go to college should not be paying for people who did. College degree holders already have high earning power. -There is a moral hazard that comes from not holding people accountable to their own decisions. People will assume (perhaps logically) that there will always be a bail out. This same thing happened in the stock market for rich people via the "fed put." -We have inflation at generational highs with extremely low employment - this will exacerbate the issue. -Forgiveness that is decoupled from fixing the underlying system doesn't actually solve the problem. Will we do forgiveness every X years without making college more affordable? (you correctly made this point) -Forgiveness is a misnomer - in reality it is a tax we all have to pay and is much more akin to a transfer payment. -What values are we trying to teach our children about decision making and accountability? Victim mentality is becoming more common. |
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2. Perhaps then don’t make it entirely free. It doesn’t have to be black and white.
3. We printed money for banks in 2008 and it didn’t result in inflation. As long as people have places to spend their money or the money doesn’t end up sitting in an account, inflation shouldn’t be a problem. Right now, the supply chain is still borked and people like me have been waiting for stuff on back-order for months, which means money that I already ear-marked to spend is instead just sitting in my bank account and collectively causing inflation.
4. This one I agree with. Either it’s free/cheap college education or nothing. Loan forgiveness is a lazy way to say that we want free/cheap education without committing to anything.
5. Don’t care about transfer payments. Many people are already born with insane talent or great circumstances and have life much easier so why do I suddenly care that some people have it harder or easier?
6. Victim mentality happens when someone loses hope and feels like they are in a deep hole. If your student loans are too large to pay off reasonably soon (which any normal young person with hopes and dreams can get themselves into), you talk to your friends who are in the same pickle and this mentality develops.
Now I don’t know if making college free is necessarily the option or feasible but both sides have a point. Nothing that is contentious has one side that is simply right — it wouldn’t be a contentious issue.