Quote:
Originally Posted by Evia
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so to sum this up, the majority of americans are not that smart with money. They made terrible decisions with their own finances because they saw education as their 'get rich' dream and it didnt pan out.
we better bail them out or demolish capitalism as a response. Or even better, stick it to the republicans because of ??Reasons??
seems like sound and sane logic.
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The upper middle class white experience for millions was this: "You need to go to college at all costs in order to make something of your life". This wisdom was dispensed by a generation that could support a family of 4 on one income driving a taxi cab or being a custodian, but they saw that the caste above them were all college educated, and in that time a college degree was several orders of magnitude more valuable.
By the time both boomer and millennial zeitgeist knew things had changed, it was already too late.
Yes, a huge part of the problem was people majoring in gender studies and then working at Starbucks, but that's a meme and it's far from the whole story. It mirrors all the people leading up to 2008 who bought houses with mortgages they could never afford, thinking the future would always be like the past.
All of these people made mistakes. The one and only part that pisses me off is that it's only ever corporations that get bailouts when they make mistakes, ordinary people are just told to kick rocks. At the very least, industries that are too big to fail, and then fail, should be partly or wholly nationalized, or at least broken up.
Essentially every single regulation put in place after 2008 to ensure it didn't happen again was dismantled by Republicans.
So it's half about justice in bailing out my generation, and half about my deep-seated hatred of Republicans and opposing them at every step of the way. Opposition to student loan forgiveness is 100% driven by corporations or financial elite (I'm not talking about common folk bitching on facebook, I'm talking about the initiators of lawsuits and legislation), all with the sole purpose of suppressing labor freedom and ensuring a steady supply of wage slaves. (This is also a large part of why healthcare is tied to employment in the US).
Quote:
Originally Posted by Encroaching Death
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1. Government-forced business shutdown was not a choice. Getting a loan to go to college is a choice.
2. You HAVE to use PPP money on payroll. Payroll is the largest expense for a business.
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lol, what you "have" to do doesn't fucking matter one bit when you strip the program of any oversight or enforcement.
The PPP was rife with fraud.
Also, at the end of the day, IT'S CAPITALISM BITCH. The vast majority of those businesses weren't shut down, or when they were, it wasn't for long-- the true decimation of business during the pandemic was the long period in which many people were afraid or reluctant to go into public.
Your business is too weak and shitty to survive a pandemic? You deserve to go out of business. It's not the taxpayers' fucking job to bail you out. This is precisely how I feel about student loans as well. The difference is, we live in a reality where the government is constantly handing out bailouts to corporations and business elites, and to nobody else.
That's the part I take issue with and why I think some of the student debt should absolutely fucking be forgiven.