General Discussion
In reply to the discussion: Blanket student loan forgiveness is redistributing wealth upward [View all]Jerry2144
(2,557 posts)Because they have us bickering amongst ourselves over this while ducking out on paying their fair share. So what if these benefits the middle class or the top 20% percent? You know the top 1% didnt take any student loans.
And if a married couple who earn $250k per year gets their loans discharged, that doesnt hurt you and personally would help you since they would use that freed up loan payment to simulate the economy through spending.
I took out loans to earn my degree and paid off all of them. It would have helped me had my debt been forgiven since I could afford a home and nice car sooner. But it is still the right thing
By that logic, why should we vaccinate against a disease since I survived it and dont need the vaccine? Look at the overall good debt cancellation does. More money in more peoples pockets And less going to the student loan services and private lenders