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submitted 1 year ago by Haus@kbin.social to c/news@kbin.social

The Supreme Court is expected to issue its ruling on the Biden administration's student loan forgiveness plan this month. Anticipation for the ruling is high.

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[-] Clangbang@kbin.social 14 points 1 year ago

In fact, in contrast to not harming people, it actually has the potential for a great boost in economic activity. Giving money/erasing debt for low income/middle income people tends to result in local spending. These people don’t hoard wealth like occurs when you give rich people or corporations tax cuts.

[-] justinh_tx@kbin.social 8 points 1 year ago

Yeah, but if you give things to the peons they start expecting to live a better life... and if they have better lives how can we look down on them and feel better about how superior we are?

[-] Aesthesiaphilia@kbin.social 1 points 1 year ago

This is the only way I could get behind it: as a form of stimulus. But we don't NEED stimulus right now. The economy is doing great, inflation aside, and stimulus would only make inflation worse.

[-] Lightninhopkins@kbin.social 4 points 1 year ago

We can kill inflation now with windfall corporate profit taxes. We could also put controls on stock buybacks.

[-] Aesthesiaphilia@kbin.social 1 points 1 year ago

Yes, but that's a separate conversation.

this post was submitted on 17 Jun 2023
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