Microblog Memes

You’re not wrong.

Inflation happens when too much cash is chasing too few goods/services.

That probably won’t happen immediately, because student loan holders will probably spend on pretty simple and fairly elastic stuff like food, transportation, entertainment, etc.

But that money eventually ends up in the pockets of wealthier individuals who will compete more ruthlessly over luxuries, vacations, properties, assets, etc.

If you add $1.9tn to the economy, you better have a good idea of where that money will end up long-term, and have a plan to prevent it from pooling in one spot.

So I’d say any plan to eliminate $1.9tn in working class debt should probably come with a plan to increase taxes on the owner class who will ultimately suck up most of that $1.9tn.

Sorry kid, you can't get your car repaired this month and it's another week of beans and rice. If you had any more money, we'd suffer from Inflation! Now think on that, because I'm taking the private jet to my vacation home for champagne brunch, which are necessary business costs that grow the economy.

Ok. So it would be cool if we just reduced all taxes on student debtors to $0 until they benefit from a "not take" of all their student loans?

"tax cut" means they don't have to pay for the social commons they utilize, and proudly abuse, far more than individuals.

It means they get to tear up our roads with their semis, clog our courts with their business profit arguments, monopolize our public utility infrastructure, and have access to a publically educated, preliterate workforce they directly profit from without paying for the education the next generation to receive while expecting the fruits of it, which is why it's still clownshoes moronic that big capital doesn't pay for all college, as the rational developed world enforces they do.

No large business can credible claim to have found success in the first place without any of these and more benefits of operating within society, but they want people like you to defend them while they lobby and succeed at getting all of it as a hand out for free after all the tax cheats they get installed for bribes.

Big capital wants to suck all value and meaning from your society for themselves alone for a quick buck, yet you come off as grateful to them for it.

tax cut is an act of not taking money you already possess

Racks up $4T in new national debt

Paying this back would mean taking money I already possess.

Doubles military spending

We had to, because it was necessary to protect all of our private property!

guts Medicaid, shutters thousands of post offices, and raises public tuition by another $5k/semester

Well, we had to be fiscally conservative, or we'd never pay down all that debt.

Gives away another $25B in industry bailouts

We had to protect critical infrasture. It's a national security concern

Approved sale of bailed out critical industry to foreign conglomerate

They can just do it better! Why don't you respect the free market?

More tax cuts to foreign stakeholders of US businesses

Shut up! You just don't understand how economics works!

Finally get a small bump in the child tax credit

This is Communism. America has fallen.

If it was about anything other than keeping poor people poor everyone would agree that the government taxing students on student loans is ridiculous. They own practically all of the loans. Over 90%. You can pick whatever name you want it to be called, but you cant tell me a tax break for the rich is different than a tax break for the poor, interest is tax.