Re:Cancelling student debt is essentially printing money
by thunky on Friday August 26, 2022 @01:56PM
(#32610696)
> All the supposed benefits to loans being cancelled is equally applicable to tax cuts, except it would have less unintended consequences and better targeted
Exactly.
Better yet: send every adult 10k, no qualifying criteria required. For those that pay taxes, they can think of it as a tax cut. For those that have student debt, they can think of it as debt being cancelled. For everyone else, they can think of it as cash. Or as a "dividend" a la Andrew Yang.
Not saying it's a great idea, but it makes more sense than this govt unintended consequece du jour.
Exactly.
Better yet: send every adult 10k, no qualifying criteria required. For those that pay taxes, they can think of it as a tax cut. For those that have student debt, they can think of it as debt being cancelled. For everyone else, they can think of it as cash. Or as a "dividend" a la Andrew Yang.
Not saying it's a great idea, but it makes more sense than this govt unintended consequece du jour.