Biden rebukes the criticism that student-loan forgiveness is unfair, asks if it’s fair for only multi-billion-dollar business owners to get tax breaks
by Slygirl997
Biden rebukes the criticism that student-loan forgiveness is unfair, asks if it’s fair for only multi-billion-dollar business owners to get tax breaks
by Slygirl997
40 comments
Republicans never complain about all those PPP loans they got forgiven.
Go Biden!
Dark Brandon at it again 😎
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This article is from August 2022 and is talking about a student loan forgiveness idea that was struck down by the supreme court over 6 months ago. I guess you can just post any biden article with a headline that makes him sound good and people will upvote without even reading it.
He should just stare at the camera or the reporter and say 3 letters…. P P P. If he’s asked another question about it, lean in and say P P P. If he’s asked a follow-up again, lean in more and growl while saying P P P. Then pull-up a blown up poster board of all members of Congress who received and had forgiven. Then growl P P P again into the mic, then leave.
This guy finally gets it. Ask yourself, who helps the not wealthy, amd who gives tax breaks to the ultra wealthy, and there in you have your answers to the left and right, around thw world.
Why not just cancel the interest and get back to the original loan amount? That’s the bulk of the debt for most and would help almost everyone. It’s hard to argue it’s not fair that the government stops being a predatory lender.
Giving more money to people who already have too much money is clearly unfair.
However, giving money to people who, by virtue of having a degree, are already statistically likely to make considerably more money over their lifetimes than the millions of other struggling Americans who did not go to college and are facing equal levels of financial hardship without a way out doesn’t seem particularly fair either.
Student loans were always an agreement to accept debt to kickstart your career and increase long-term prosperity and earning potential, with the trade-off of having to make sacrifices early in life to pay them back.
Not everyone, but many people seem to want to jump straight to the end and skip the rough patch in the middle they agreed to in exchange.
What’s unfair is you not making the people who cheated them out of that money ( multi-billion dollar business) pay and instead making us poor taxpayers take care of their bill once again.
Those billionaires need those tax breaks! If they don’t get them then who else is going to keep the mega yacht builders and supercars social club Employees in business? If they don’t get to keep even more of their billions and billions, who’s going to continue making low paying wage theft jobs that have no solid retirement and provide very little in family support? /s
The date of this article is August 24, 2022. Biden should say this again.
Is it fair that the rest of us have to pay for it?
Curing cancer is unfair to everyone who died of cancer.
If you google US Subsidies for corporations the list will blow your mind. Then google how much US Subsidies Billionaires get.
Why student loan debt? Why not people who are worse off (like never had a chance to get to college)? Wouldn’t subsidizing future college tuition for people who can’t afford it be better for society and the economy (i.e. get education for more people)?
People with college degrees earn $1M+ more than people without college degrees during their lifetime.
Wtf, I didn’t ever realize this sub posts 2 year old articles
PPP loan forgiveness was unfair. Stock buybacks are unfair. Billionaires tax write offs are unfair. Helping common workers is undeniably necessary.
Corporations are people and deserve tax breaks.
People are not people and don’t deserve our money.
We have reached peak capitalism. We all lose.
EXACTLY! if we can bail out Banks and Cruise Lines we can bail out these kids with predatory student loans. I’d rather we bail out nobody but that’s not in the cards.
That criticism comes from the rich white old men who own your politicians and consequently your country. Well, from their lackeys. There’s nothing in it for them. MURICA
That’s pretty based…
Whataboutism is a logical fallacy that can be used to justify anything. W invaded iraq why is it wrong for us to invade Syria. Makes no sense and doesn’t justify anything.
Thy shall not covet.
Not so much with the Supply-side Jesus crowd.
Not the winning argument he thinks it is. Most Americans receive tax breaks too while student loan forgiveness isn’t a tax break, it’s a handout.
They continue to bend over backwards for new tax avoidance as well. There’s going to be a new policy for companies with Taiwanese presence to avoid double taxation and for workers that have a basis in both US and Taiwan to avoid double taxation, the purpose of this is so it is more lucrative for those workers to come to the U.S.
This combined with the new chipmaker visa is aimed to bring in cheaper labor from Taiwan and SEA to replace American workers while the corporations claim of an American engineering talent shortage. All to unilaterally benefit TSMC.
“Yes its fair,” says guys like Elon Musk. They believe that 100% because they think avoiding taxes is their reward for “working hard”. Most of them believe in the Randian philosophy that taxation is “coercive” or something. Meanwhile, it makes literally no sense for the rich to not pay taxes. If the rich aren’t paying, and they make most of the money, then most of the money isn’t being taxed! How is the government supposed to operate? Oh right, wealthy right libertarians don’t believe in government. Which is just a fancy way of saying they want to BE the government aka the dukes and duchesses ordering around us peasants and collecting their rent.
And free PPP loans.
Part of being an everyday American means inherently having a crabs in a bucket mentality.
We fight amongst ourselves so much because we don’t want to see each other do well.
Biden is right. The wealthy get all kinds of breaks and we’ve just grown accustomed to being okay with it. It’s pathetic, to say the least.
No that’s not fair either. Neither one is fair. So what his point?
We finally have a president that cares about the middle class and a ton of them want the other guy. Make it make sense.
I mean it is unfair but it’s also necessary with the ridiculous cost of education. I’m all for it but to put it in perspective, I was fortunate enough to advance in my career to eventually be able to pay 5-6 times more than my monthly minimum per month and that still took me twenty years to pay my loans off. Meanwhile I could have just been paying the minimum for twenty years, saved a ton of cash, and potentially had my debt wiped away and been better set in life with the extra cash. Would have been nice if there was some program to hook up people who paid theirs off in the last 30 or 40 years, via tax write offs or something but it is what it is.
A two year article. Great work
It’s not about what’s fair. It’s about what is best for the economy and society. Forgiving the debt of those that can afford to easily pay them back does not pump money into the economy. Forgiving the debt of those that aren’t making ends meet does.
Tax breaks only?
They get bail outs and subsidies at the drop of a hat at as well.
Where are my tax breaks, bail outs and subsidies?
Conservatives are pure evil greedy pigs.
Only in America do we consider helping people unfair. Only in America. You dummies continue to vote Republican because of stupid wedge issues like gay marriage, Trump “telling it like it is” and other stupid things. Biden is trying to help people directly, and helping people on the lower end of the economic spectrum is the best engine for economic activity. If you give a rich person a dollar they save it. If you give a poor person a dollar they spend it. Be smarter.
2 year old article for a plan that failed legal challenges. Thousands of up votes and comments. Makes perfect sense. Getting harder and harder to see behavior in this forum has something other than automated bots
As a liberal Democrat, I personally disagree. If you sign up and agree to pay for something, you owe that much money. If the government starts subsidizing college, it will just lead to colleges charging even higher tuitions. In 10 years, students will be right back to the same place, but our tax dollars will be getting funneled to private colleges. It’s a a mistake.
If you want to help college grads, regulate the colleges to keep tuitions under control. No you don’t need that brand new $250M sports complex. No, you don’t need to pay a COACH $10M a year. College is for higher education, not sports.
That’s not really an apples to apples comparison though. If some businesses got those breaks and others didn’t for arbitrary reasons, THAT would be a better comparison.
But yeah businesses and individuals getting held to different standards is a whole other thing, and doesn’t prove one way or the other if you getting forgiven loans while I’m still paying mine off, or have been for decades now, is fair.
This article is from 2022