$238 Billion Dollars will now be Spent by Students at Businesses... Increasing Profits... and Increasing Taxes Paid on those Profits... This is a Classic Example of BUBBLE UP! Economics... EVERYBODY WINS!
In Reality, Who Pays for the Student Loan Forgiveness Program? NOT YOU and NOT ME. There is No New Increase in YOUR Taxes... So YOU Do Not Pay for this New Expense... SOMEONE Pays and That's the Billionaires...
and Tax Cheats Will Be Paying for the Student Loan Forgiveness Program. THEIR Taxes Will be Going UP This Year. NOT MINE! The IRS is Hiring! and They Will Be COLLECTING MORE Just When Money Will Be Needed to Pay for The New Expense...
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My Student Loans Were Totally Worth It! Graduating Doubled my Rate of Pay! After Graduating with a BSCS (Computer Science), I got a Job that Paid twice as much as I Had ever been Paid Before... and Put my Student Loan on Auto Pay... It was Gone in 5 Years... HOWEVER... I went to Humboldt State University where the Tuition is LOW... What if You went to School in a State that was NOT CALIFORNIA? Then You would have a Massive Student Loan Debt... What if You Didn't Graduate in a PRACTICAL MAJOR? and Ended up Making Tacos at Taco Bell again... There are Many Majors that are Totally Useless... At HSU if You Studied Nursing or Computers You did Great! but those "whooptie-doo" Majors left Students with a Huge Pile of Debt and NO SELLABLE SKILLS!
and "SG" on FaceBorg Asked: Why should I be responsible for your student loan debt?
and I Responded: You are not Responsible under the Biden Plan... All of this is paid for by Taxing the Super Rich. There is no Increase to Your Taxes... There is a 15% Tax on Billionaires... and The IRS WILL be Auditing Tax Cheats... That's where the Money Comes from...
Great Books! Read 'em before the Fascist GOP Bans 'em.
The Monkeywrench Gang by Edward Abbey,
1984 by George Orwell,