Ironically, forgiving the debt would generate immediate economic activity that the government would tax and collect that money back with far greater returns.
Every dollar in food stamps generated $1.70 in economic activity and that’s just for “normal” poor people.
The problem isn’t (just) the cost of education being insane but that wages aren’t increasing to cover the bigger numbers.
The problem is that it’s becoming harder to hide the entire country is a “company town” or African diamond mine where keeping you trapped in debt you’ll never escape is the goal and it’s perfectly legal because they own the laws.
I have been with my employer for a decade. My nominal wage has increased 50% but once you account for inflation I’m still basically at my starting wage even after a decade of promotions and certifications.
Ironically, forgiving the debt would generate immediate economic activity that the government would tax and collect that money back with far greater returns.
Every dollar in food stamps generated $1.70 in economic activity and that’s just for “normal” poor people.
The problem isn’t (just) the cost of education being insane but that wages aren’t increasing to cover the bigger numbers.
The problem is that it’s becoming harder to hide the entire country is a “company town” or African diamond mine where keeping you trapped in debt you’ll never escape is the goal and it’s perfectly legal because they own the laws.
I have been with my employer for a decade. My nominal wage has increased 50% but once you account for inflation I’m still basically at my starting wage even after a decade of promotions and certifications.