The Biden administration is preparing to announce another attempt at widespread student loan forgiveness ahead of the election after the Supreme Court struck down its first.
I am against student loan repayments. A plumber should not be paying for your gender studies degree.
Then why are conservatives so ardent about spending on tax cuts for the rich if they’re so concerned about debt?
And why does the concern about debt only come up when spending on people other than the rich, who don’t pay their fair share of taxes in the first place?
And if you really care about debt and the economy, you’d know that unemcumbering people from personal debt gets them to spend more, pay more in taxes and - gasp - lowers the national debt.
And finally, only you pay your own student loan debt. You’re not paying someone else’s debt just because you pay taxes. That’s not your money anymore. It’s the government’s.
But you don’t care about the facts. Your just here to complain and troll.
That’s not your money anymore. It’s the government’s.
The government should be better stewards of the money they’ve confiscated from their citizens.
While the loan companies took advantage of students by charging high interest rates on loans that must be paid back. It’s not the government’s job to reward the loan companies by paying the loans or the students who accepted those terms.
The money was not confiscated. It was legally collected. If you don’t like that, contact her congressperson and vote in November. That is your recourse.
And while, yes, those loan companies should be paid back, it is not your role, alone, to determine what the government’s job is. It’s all of us together, who say that. And you get as much of a vote as anyone else. That’s democracy.
The thing is, that it benefits all of us as a society to forgive that debt, so that those people are free to spend money on products and services and pay their taxes. That benefits, the economy, which helps everybody. But here you are, selfishly only thinking of yourself. In doing so, you ignore the benefits you would receive, if the student loan was forgiven for these other people. For some reason, you foolishly think that helping these other people hurt you in someway. It doesn’t.
I dont think you know what confiscated means, taking something from someone against their will illegally is called theft, taking something from someone legally is called confiscation.
It’s not Biden’s role to determine this either, the courts have all ready told him what he’s doing is illegal.
Money is not created with this move, the same amount of money will be in the economy either way, other things go unfunded to pay irresponsible people’s debts.
Confiscation is when the government permanently takes a person’s property without compensation.
You are compensated by the services those taxes provide.
It’s not Biden’s role to determine this either
No, but the fact that you think it is only speaks to your ignorance. It’s a rule of Congress, who has the job of approving tax bills and spending bills and so forth. That’s why I recommended that you contact your congressman if you’ve got a problem with how your taxes are spent. Again, your argument is based on misinformation and fallacies.
Money is not created with this move, the same amount of money will be in the economy either way, other things go unfunded to pay irresponsible people’s debts.
Not only does that speak to your profound ignorance of how these bills are paid for, and you really should look into that because you obviously don’t understand this at all the— the irresponsible parties were the lenders who should not have lent this money in the first place those who couldn’t pay for it. The risk was theirs to take, not the ill-informed people they took advantage of. Once again, your ignorance of how our economy works, how our laws work, and even how the finance world works is extraordinary. No wonder your argument so terrible, lol.
I’m still waiting on the citations, by the way. Of course, if you can’t back up one word of your argument, I wouldn’t be at all surprised.
So you’ve proven you don’t know what confiscation is, twice. More than the government can confiscate, it doesn’t have to be perminanent, and compensation does not factor in. A teacher can confiscate a toy from a child and give it back at the end of the day. In 1934 FDR signed the gold reserve act and all privately owned gold was confiscated, the gold owners were reimbursed but that doesn’t change that their gold was confiscated.
There is no student loan forgiveness law or even a bill, so I don’t need to contact my congressmen. It’s just one man who is breaking the law with his edicts.
the irresponsible parties were the lenders who should not have lent this money in the first place those who couldn’t pay for it. The risk was theirs to take, not the ill-informed people they took advantage of.
The lenders were many things but irresponsible is not one of them. Student loans have to be paid back, bankruptcy doesn’t get rid of the debt. Signing things you don’t understand is irresponsible, expecting others to pay your debt is irresponsible.
Ciataions for what? The definition of confiscate? That there is not infinate money? That there is no student loan forgiveness law?
I gave you the legal definition of confiscate. You whining about that doesn’t change the facts.
And I explained how the student loans would be paid back. You whining about that doesn’t change that either.
Taxation is the subscription fee you pay for living in a society. Like Netflix, you may not like every show produced, but to have access you have to pay the subscription fee. If you don’t like the subscription fee for living in this society, then leave.
gave you the legal definition of confiscate. You whining about that doesn’t change the facts.
Except when you claimed it couldn’t be confiscation because it was legal.
And I explained how the student loans would be paid back. You whining about that doesn’t change that either.
You said the government will pay the loans… I’m not sure why you think that’s profound. You also made claims that paying student loans would help the economy but your limited grasp of the economy and understanding of finite resources has stopped you from explaining how.
Taxation is the subscription fee you pay for living in a society. Like Netflix, you may not like every show produced, but to have access you have to pay the subscription fee. If you don’t like the subscription fee for living in this society, then leave.
You seem really hung up on taxes, my problem is not with taxes but with using them to pay people’s personal debts.
Except when you claimed it couldn’t be confiscation because it was legal
That’s not what I claimed. And your continued ignorance of the difference between confiscation and taxation is not my problem to solve.
You said the government will pay the loans… I’m not sure why you think that’s profound. You also made claims that paying student loans would help the economy but your limited grasp of the economy and understanding of finite resources has stopped you from explaining how.
It’s funny how you claim I am the one with a limited grasp of the economy when you’re the one who doesn’t understand how consumer spending stimulates the economy.
You seem really hung up on taxes, my problem is not with taxes but with using them to pay people’s personal debts.
Seems like you’re the one with the hangup— and a real habit for blaming others for things that are clearly your own fault.
Not only do the rich not pay the most taxes (especially when measured as a percentage of their total income), they definitely shouldn’t get a tax cut because they clearly benefit the most from the system that enables them to earn so much and succeed so much. As they clearly benefit the most from the system, and the labor provided by it, clearly makes logical sense that they pay the most back into it.
And you certainly haven’t cited anything with regards to your claims with me.
As measured of their total income. I’d like to see a cite otherwise. 50% of tax payers don’t even pay taxes. The top 5% pays around 90%
Not only did you make the original claim that the richest people pay the most in taxes, which makes it your obligation to back that up with a citation, the rest of what you said here also needs to be backed up by citations from reputable sources.
I’ve cited numerous times on here. I can cite again
What about “from reputable sources” escaped your willful illiteracy? The fact that nobody’s ever heard of it or that it’s clearly bs invented purely to support your spurious argument?
Fail. Try getting a verifyablyreputable source to back up you absurd claims…
Then why are conservatives so ardent about spending on tax cuts for the rich if they’re so concerned about debt?
And why does the concern about debt only come up when spending on people other than the rich, who don’t pay their fair share of taxes in the first place?
And if you really care about debt and the economy, you’d know that unemcumbering people from personal debt gets them to spend more, pay more in taxes and - gasp - lowers the national debt.
And finally, only you pay your own student loan debt. You’re not paying someone else’s debt just because you pay taxes. That’s not your money anymore. It’s the government’s.
But you don’t care about the facts. Your just here to complain and troll.
The government should be better stewards of the money they’ve confiscated from their citizens.
While the loan companies took advantage of students by charging high interest rates on loans that must be paid back. It’s not the government’s job to reward the loan companies by paying the loans or the students who accepted those terms.
The money was not confiscated. It was legally collected. If you don’t like that, contact her congressperson and vote in November. That is your recourse.
And while, yes, those loan companies should be paid back, it is not your role, alone, to determine what the government’s job is. It’s all of us together, who say that. And you get as much of a vote as anyone else. That’s democracy.
The thing is, that it benefits all of us as a society to forgive that debt, so that those people are free to spend money on products and services and pay their taxes. That benefits, the economy, which helps everybody. But here you are, selfishly only thinking of yourself. In doing so, you ignore the benefits you would receive, if the student loan was forgiven for these other people. For some reason, you foolishly think that helping these other people hurt you in someway. It doesn’t.
I dont think you know what confiscated means, taking something from someone against their will illegally is called theft, taking something from someone legally is called confiscation.
It’s not Biden’s role to determine this either, the courts have all ready told him what he’s doing is illegal.
Money is not created with this move, the same amount of money will be in the economy either way, other things go unfunded to pay irresponsible people’s debts.
AKCHUALLY
You are compensated by the services those taxes provide.
No, but the fact that you think it is only speaks to your ignorance. It’s a rule of Congress, who has the job of approving tax bills and spending bills and so forth. That’s why I recommended that you contact your congressman if you’ve got a problem with how your taxes are spent. Again, your argument is based on misinformation and fallacies.
Not only does that speak to your profound ignorance of how these bills are paid for, and you really should look into that because you obviously don’t understand this at all the— the irresponsible parties were the lenders who should not have lent this money in the first place those who couldn’t pay for it. The risk was theirs to take, not the ill-informed people they took advantage of. Once again, your ignorance of how our economy works, how our laws work, and even how the finance world works is extraordinary. No wonder your argument so terrible, lol.
I’m still waiting on the citations, by the way. Of course, if you can’t back up one word of your argument, I wouldn’t be at all surprised.
So you’ve proven you don’t know what confiscation is, twice. More than the government can confiscate, it doesn’t have to be perminanent, and compensation does not factor in. A teacher can confiscate a toy from a child and give it back at the end of the day. In 1934 FDR signed the gold reserve act and all privately owned gold was confiscated, the gold owners were reimbursed but that doesn’t change that their gold was confiscated.
There is no student loan forgiveness law or even a bill, so I don’t need to contact my congressmen. It’s just one man who is breaking the law with his edicts.
The lenders were many things but irresponsible is not one of them. Student loans have to be paid back, bankruptcy doesn’t get rid of the debt. Signing things you don’t understand is irresponsible, expecting others to pay your debt is irresponsible.
Ciataions for what? The definition of confiscate? That there is not infinate money? That there is no student loan forgiveness law?
I gave you the legal definition of confiscate. You whining about that doesn’t change the facts.
And I explained how the student loans would be paid back. You whining about that doesn’t change that either.
Taxation is the subscription fee you pay for living in a society. Like Netflix, you may not like every show produced, but to have access you have to pay the subscription fee. If you don’t like the subscription fee for living in this society, then leave.
Except when you claimed it couldn’t be confiscation because it was legal.
You said the government will pay the loans… I’m not sure why you think that’s profound. You also made claims that paying student loans would help the economy but your limited grasp of the economy and understanding of finite resources has stopped you from explaining how.
You seem really hung up on taxes, my problem is not with taxes but with using them to pay people’s personal debts.
That’s not what I claimed. And your continued ignorance of the difference between confiscation and taxation is not my problem to solve.
It’s funny how you claim I am the one with a limited grasp of the economy when you’re the one who doesn’t understand how consumer spending stimulates the economy.
Seems like you’re the one with the hangup— and a real habit for blaming others for things that are clearly your own fault.
I upvoted your comment until I read your last sentence. Next time try skipping that part.
Congratulations on almost contributing to the conversation
But, really, congratulations on living up to your username. ❤️
Considering the rich pay the most taxes. Why shouldn’t they get a cut?
The rich do pay their fair share as I’ve cited many times. I talk about spending cuts all the time.
Not only do the rich not pay the most taxes (especially when measured as a percentage of their total income), they definitely shouldn’t get a tax cut because they clearly benefit the most from the system that enables them to earn so much and succeed so much. As they clearly benefit the most from the system, and the labor provided by it, clearly makes logical sense that they pay the most back into it.
And you certainly haven’t cited anything with regards to your claims with me.
As measured of their total income. I’d like to see a cite otherwise. 50% of tax payers don’t even pay taxes. The top 5% pays around 90%
I’ve cited numerous times on here. I can cite again if you really think everyone else is paying more taxes.
Not only did you make the original claim that the richest people pay the most in taxes, which makes it your obligation to back that up with a citation, the rest of what you said here also needs to be backed up by citations from reputable sources.
Go on then
Easy enough.
https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/#:~:text=High-Income Taxpayers Paid the Majority of Federal Income Taxes,of all federal income taxes.
High-Income Taxpayers Paid the Majority of Federal Income Taxes
What about “from reputable sources” escaped your willful illiteracy? The fact that nobody’s ever heard of it or that it’s clearly bs invented purely to support your spurious argument?
Fail. Try getting a verifyably reputable source to back up you absurd claims…
That’s a reputable source.
Not according to MBFC who rates them as a right-wing think tank
https://mediabiasfactcheck.com/tax-foundation/