Re:Taxing Mechanical Engineers and Subsidizing Drama Majors
by hashmap on Monday September 19, 2022 @09:45PM
(#32906639)
Biden isnt hopping in a time machine to take things away from you. Nothing is being taken from you. Someone else is getting something that you are not, that's all.
Re:Taxing Mechanical Engineers and Subsidizing Drama Majors
by s1artibartfast on Monday September 19, 2022 @09:59PM
(#32906734)
The central idea is that the person who payed off their debt will have to pay again to bail out the debtor.
Governments raise money through taxation. 10k of forgiven debt is 10k more than needs to be raised in taxes.
Someone payed their debt, and then will be taxed more to pay someone else's too.
You might say, "but governments don't have to balance their budget", yet the US still has taxes. If money spent (and debt incurred) is irrelevant, why collect taxes at all?
Re:Taxing Mechanical Engineers and Subsidizing Drama Majors
by RhysU on Monday September 19, 2022 @10:12PM
(#32906836)
Flip your argument and turn it up to 11...
Suppose everyone else on the planet is given $10B and you get nothing. Why would you be concerned? How could it be unfair? They're just being given something that you are not.
No, because you spent $10K on random stuff that he/she did not. Somewhere you have $10K in goods, services, or experiences that he/she does not.