Re:Unlike most millennials, Norway's are rich
by usrusr on Saturday July 14, 2018 @05:34AM
(#17529577)
> and the interest rate is so high many won't ever pay it off
If you think of it as a kind of extra income tax that only applies to those who benefited from a bigger chunk of the education system, then inability to ever pay it off doesn't seem so terrifying.
But once you look at it that way, it becomes very difficult to argue (in non-libertarian ways), why those who got the same benefits without the loan (rich parents) or somehow lucked into high earnings without the education (usually some form of exceptional talent) should be exempt from that tax. In the end, a more progressive income tax would be the same, just without those exceptions.
If you think of it as a kind of extra income tax that only applies to those who benefited from a bigger chunk of the education system, then inability to ever pay it off doesn't seem so terrifying.
But once you look at it that way, it becomes very difficult to argue (in non-libertarian ways), why those who got the same benefits without the loan (rich parents) or somehow lucked into high earnings without the education (usually some form of exceptional talent) should be exempt from that tax. In the end, a more progressive income tax would be the same, just without those exceptions.