News for hackers. Stuff that matters.

A comment on Student Loans. Medical Debt. Criminal Justice Fees. Cancel It All.. Parent comment

Re:Student Loans. Medical Debt. Criminal Justice Fees. Cance... by D13Fd on Friday July 02, 2021 @11:21AM (#27712676)
No. We all end up paying, because the student loan debt they are talking about cancelling is ultimately held by the federal government.

We'd be taking things from the bucket of "the people who borrowed have to pay it back" and putting it into the bucket of "we all have to pay it back through increased taxes."

[ Parent | on HN ]
Re:Student Loans. Medical Debt. Criminal Justice Fees. Cance... by wombatpm on Friday July 02, 2021 @02:43PM (#27715189)
What if the deal for debt cancellation was a 5% tax increase for those whose debt was cancelled for the remainder of their lives? Whenever you calculate tax, forgiven debtors pay 5% more.
[ Parent | on HN ]