Let them eat cake

submitted by magnora7 from i.redd.it

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[–]madcow-5 11 insightful - 2 fun11 insightful - 1 fun12 insightful - 2 fun -  (5 children)

Nah, less kids need to go to college so the colleges can start competing by actually educating the kids again. The whole college system's a scam now, and further subsidizing it isn't going to fix it.

[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

This too, but I still think it's reasonable to help out those who were scammed previously

[–]madcow-5 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

But what about the people who paid for it?

My parents sank over $100k into my college, the expectation being that you pay for your kids to go to college. Do they get that back if my schoolmates don’t have to pay their loans?

[–]magnora7[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (2 children)

I'd be in the same position, but I still think it's a good thing to help people out of debt slavery if we want to improve society and reduce the power of billionaires. Many were tricked in to going to college that ended up not helping their job opportunities at all and now they are trapped. Maybe 1/2 forgiveness would be a good compromise.

[–]madcow-5 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

I think the right course of action is to crack down on colleges that charge exorbitant prices, especially if they have any ties whatsoever to companies giving the loans, and stop subsidizing the loans.

This forces the system to change, without giving a massive f you to people who did the right thing and paid their way.

[–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I agree with that, the inflation of college costs is insane. But at the same time it just reflects the supply-demand of the student loans being given out. If they'll give out $100k loans to go to college, then suddenly college is $100k.

I think the best thing to do long-term would be to shut down the predatory student loan industry, that would naturally result in the cost of college going down.

[–]tootie 6 insightful - 2 fun6 insightful - 1 fun7 insightful - 2 fun -  (4 children)

Neither should be canceled. Debts and taxes should be paid. Relying on the fed to print everyone out of debt will only create more wealth inequality.

[–]hennaojichan 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (3 children)

🤪 Uh, whut?

[–]tootie 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Killer argument. Like all mindless socialists you have nothing because your positions aren't based on logic, just emotion.

[–]hennaojichan 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The order of comments got scrambled so he is not talking to me. I'm no socialist. Toot sweet.

[–]jet199 6 insightful - 2 fun6 insightful - 1 fun7 insightful - 2 fun -  (1 child)

How about give that money to people who actually need it or invest it in areas where it will create returns rather than either of the two loud and powerful groups of spoilt brats.

[–]magnora7[S] 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (0 children)

I agree. The OP is just yet another piece of evidence that billionaires control our government, and the government doesn't represent the people at all

[–]bobbobbybob 5 insightful - 4 fun5 insightful - 3 fun6 insightful - 4 fun -  (1 child)

just remember, most of that student debt that is still unpaid belongs to liberal arts students.

Can't say I care.

[–]Comatoast 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

I don't get why more people don't go to community college for this reason. Tuition and fees are financial slaughter on those universities. I humbly ask people to look at the cost of tuition for those shitty online schools that are advertised everywhere too. It's blasphemous what they expect.

[–]proc0 6 insightful - 1 fun6 insightful - 0 fun7 insightful - 1 fun -  (6 children)

Unless all the teachers, university staff, book makers, etc., all return their money they received by students who got their loans, there is no "cancelling" this debt. We could instead say "bailout", and bailout students, however it would only incentivize another wave of predatory loans and useless careers. Now if we say, let's bailout all students, and abolish all public University funding (privatize all higher ed.), then that makes sense to me.

[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (5 children)

Unless all the teachers, university staff, book makers, etc., all return their money they received by students who got their loans, there is no "cancelling" this debt.

I mean that's how all debt cancellation works. The debt owed is eliminated but the things bought with it don't go anywhere

[–]proc0 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (4 children)

Yeah, I just mean the taxpayers would pay, otherwise I guess some large institutions would have to fail. I don't know about the technical terms but cancelation sounds to me like either returning a product or in the absence of it the loss is on the lenders, not the taxpayers. Therefore at least universities should be completely re-structured if such a price is to have any value in the future.

[–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Yeah, I just mean the taxpayers would pay, otherwise I guess some large institutions would have to fail.

Neither of those needs to happen. The Federal Reserve can simply create more money. Like the trillions they created in 2020 out of thin air to bail out the corporations (which then creates inflation, which diminishes the value of everyone's money). But if instead some of the money went to the people instead of just billionare-owned corporations, then it would be mostly spent anyway toward those same companies when the people buy things, and would incentivize better business-driven behavior by the companies as well. So everyone would benefit.

If large companies can't keep up, and repeatedly go bankrupt, they should fail. To keep bailing them out has created this house of cards that is becoming increasingly fragile, and a huge pool of money that only exists at the top tiers of the economy, separating the upper and lower classes even more than ever before.

[–]C3P0 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Since I paid all my debts like a responsible citizen, is the bailout going to give me some of that money back.

[–]proc0 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Of course not, but I really doubt anything will happpen. There were some interest freeze last year, that helped me catch up.

[–]bobbobbybob 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (5 children)

if the students were out of debt, they wouldn't need wage slave themselves to the billionaires.

[–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

Yes, that's why getting them out of debt, and out of wage slavery, is the best way to disempower the billionaires

[–]bobbobbybob 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (3 children)

in my other comment, I note that most of those in crippling debt are liberal arts students, as they can't get jobs, and I no longer care about them, as their education is poison resulting in toxic mobs of hate spewing leftists. Let them starve

[–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

I don't think such a feeling really is working to improve society, but rather is out of vindictiveness.

Compounding layers of vindictiveness is how wars are fomented.

[–]bobbobbybob 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

I used to be liberal. I then noticed that thoughtless altruism was a long term negative. It is harmful to self to care about people who are actively working to harm you.

Therefore, I no longer care about those who have worked through the marxist indoctrination in universities. I care about people 'in general', so will put energy into derailing that marxist agenda, but the people who support it? They have made their bed.

It is not vindicitive. I just chose to love those who work towards a world that I prefer, and ignore those who do not.

Let them starve. Let them see the long term result of the choices they have made. Let their fellow marxists help them out.

As jesus said, if you have a spare cloak, share it. I don't have spares, because people like them have destroyed the abundant, safe and loving world.

If there is a war, it is because they have been actively pursuing it for decades with their endless hate of all others. As the Buddhists said about islam "one cannot lie down with a rabid dog"

[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

I can understand that. It's not worth setting yourself on fire to keep others warm.

I just think a lot of the people who have bought in to this ideology just simply don't realize the long-term consequences, so I consider them victims in a way, but you're right you can't keep throwing pearls before swine and expect good results so it's good to spend your energy where it's actually useful.

[–]bjam27 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

Canceling student loan debt is the single best thing that could happen to rich white people.

[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Rich white people don't have student debt, they paid in cash.

It would help a lot of middle-class people of all colors though