this post was submitted on 05 Oct 2024
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Everyone with a hs diploma still gas to compete with everyone else when it comes to buying cars, food, housing, and everything else. The limiting factor of a house for instance is "how much is someone who wants it willing to pay?" College debt means that even if you make more, you may not have much more in available income, or a lower credit score than someone with just a highschool degree.
Essentially in a world of limited availability (which we all live in) everyone getting their debt paid off after taking it on is going to raise costs of things because it gives more people the extra income to spend on it. Inflation at the expense of everyone who isn't having their college debt cleared off.
Gotcha, so you subscribe to the mindset that someone getting something redeuces what you get.
The thing is, the richest 1% of people are so incomprehensiblly more rich than the rest of us that they could easily pay for school, housing, and food for all of us and still be incredibly rich. That's the ideal situation IMHO.
Like I said. I'm fine with eliminating the interest and I'm fine with making college free in the future for anyone who wants it. I'm not fine with giving everyone who already received a college degree getting an "out of debt free card". You don't deserve that money more than others. The rich needing to be taxed more is a separate issue.
I see. So it has nothing to do with limited availability, you just want to decide who "deserves" to be in debt. Disappointing...
Most everyone who isn't wealthy is in debt. I just don't want myself or people like me to fall further behind while you're retroactively given a free college ride.
How about we use the interest money that you've paid into college so far to give everyone who only chose to go to highschool an extra $40,000 a piece?
"Thanks, friend. That seems fair since you have a higher average earning potential."