waves I don't hold the extreme position here of giving everything away and there's still a thing about how any such funds are spent... But with that out of the way - Where my money improves the society, I'm happy to give it. I donate, and with some exceptions I'm very happy to pay taxes. (then again I'm not in the US) If people both helped the current students and prevented the issue from raising again, then that sounds great to me. (i.e. if we don't just funnel the money to the companies that will continue and expect another bailout)
I guess I'm a kind of a man that wants everyone to succeed, and not be artificially held back by a bad system.
46 million Americans have student debt, 148 million are tax payers. if you want to forgive 10k for each borrower, that is 3.1K from each taxpayer, assuming zero overhead (LOL), if you want to forgive 50k/debtor, 15.5k per taxpayer, again assuming zero overhead (still LOL)
Surprisingly taxes don't work this way. The federal government can simply write this debt off by paying itself. It doesn't have to literally collect the dollars from tax payers.
If loan forgiveness becomes a common trend it will be used as justification to raise taxes. Personally, as a tax-payer. The money I provide is not well spent and there's plenty of bloat. I'd prefer to not pay more in taxes and for the government to cost optimize its budget.
Yeah, imagine that, if only this became like an annual thing where taxes pay for universities, US could remove the middle man of the loan companies and join many other countries with a reasonable cost higher education!
No, but there is far greater share of democrats that are college graduates (especially the younger ones) and those in the trades are a greater share of republicans. Not only...but certainly more of them.
I guess I'm a kind of a man that wants everyone to succeed, and not be artificially held back by a bad system.