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@AverageJoe1
Because it's the only debt not forgiven
when filing for bankruptcy?
https://www.springfieldmobankruptcy.com/blog/2021/october/student-loan-forgiveness-and-bankruptcy/
@averagejoe1 saidBecause education is an investment, not only for the individual, but for the benefit of society as well.
Obviously financial and law studies should be exempt and forced to pay back double.
@shavixmir saidso all business loans should be forgiven?
Because education is an investment, not only for the individual, but for the benefit of society as well.
Obviously financial and law studies should be exempt and forced to pay back double.
they meet the criteria you laid out
@jimm619 saidnah…
@AverageJoe1
Because it's the only debt not forgiven
when filing for bankruptcy?
https://www.springfieldmobankruptcy.com/blog/2021/october/student-loan-forgiveness-and-bankruptcy/
https://www.americanbar.org/groups/business_law/safeborrowing/student/bankruptcy/
3 edits
@quackquack saidIt makes no sense for the government to give away hundreds of billions of our tax dollars to fat cat corporations in the Fortune 500 in the form of subsidies, grants and other corporate welfare goodies while small and medium size business's struggle to make it on their own. At least forgiving student debt helps people who really need it -
It makes no sense that the government should fund people who took loans to pay for college and not reimburse everyone who paid tuition whether by loan or not by loan.
- or have you thought about that? 😵
@mchill saidThe financial problem of the world isn't that there are too many wealthy people who paid millions in taxes. It's that we have too many people who want to be supported by the government. But that's not the issue here.
It makes no sense for the government to give away hundreds of billions of our tax dollars to fat cat corporations in the Fortune 500 in the form of subsidies, grants and other corporate welfare goodies while small and medium size business's struggle to make it on their own. At least forgiving student debt helps people who really need it -
- or have you thought about that? 😵
I am asking why should student loans be repaid but people who paid tuition without taking loans also be reimbursed for the same educational payments they made.
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1 edit
@quackquack saidHow is it that I pay a higher
The financial problem of the world isn't that there are too many wealthy people who paid millions in taxes. It's that we have too many people who want to be supported by the government. But that's not the issue here.
I am asking why should student loans be repaid but people who paid tuition without taking loans also be reimbursed for the same educational payments they made.
tax rate than Jeff Bezos?
Do billionaires pay a lower tax rate?
https://www.businessinsider.com/jeff-bezos-did-not-pay-income-taxes-2-years-report-2021-6?op=1
An economist with a background in national economics, Zucman is famous for analyzing the U.S. health care system. In a recent study, it was found that the 400 wealthiest Americans pay 20.9% total taxes - which is less than half of what the bottom half pay. Approximately 24% of the rate is paid by households.
https://www.ictsd.org/business/jeff-bezos/how-much-tax-does-jeff-bezos-pay/
@jimm619 saidFrom what I understand about bankruptcy...a debt to the government isn't covered by bankruptcy also.
@AverageJoe1
Because it's the only debt not forgiven
when filing for bankruptcy?
https://www.springfieldmobankruptcy.com/blog/2021/october/student-loan-forgiveness-and-bankruptcy/
@jimm619 saidI'm sure Jeff Bezos would trade tax bills with you.
How is it that I pay a higher
tax rate than Jeff Bezos?
Do billionaires pay a lower tax rate?
https://www.businessinsider.com/jeff-bezos-did-not-pay-income-taxes-2-years-report-2021-6?op=1
An economist with a background in national economics, Zucman is famous for analyzing the U.S. health care system. In a recent study, it was found that the 400 wealthiest Americans pay ...[text shortened]... is paid by households.
https://www.ictsd.org/business/jeff-bezos/how-much-tax-does-jeff-bezos-pay/
Furthermore, the government gives deductions because it wants to encourage certain activities that has value to the government. Maybe instead of complaining you should do those things. We'd all be better off.