The Student Debt Crisis: Explained
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Channel: Economics Explained
Views: 813,379
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Keywords: the student debt crisis, student debt, student loan debt, student debt crisis, student loan debt crisis, student loan forgiveness, cancel student debt, student loan crisis, student debt forgiveness, student debt cancellation, student debt bubble, student loan, the economics of student debt, how student debt effects the economy, college debt, university debt, university loan, the economics of student loans, the economics of the student debt crisis, economics explained
Id: Rqv0nuP4OAU
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Length: 15min 5sec (905 seconds)
Published: Sun Aug 23 2020
Please note that this website is currently a work in progress! Lots of interesting data and statistics to come.
ALL IM ASKING FOR IS REASONABLE INTEREST RATES!!
My loans have literally doubled due to interest, and I’ve been paying on them for 10 years.
Bernie’s plan forgave all Student Debt. So yes, we absolutely can forgive Student Loan Debt.
"We" can forgive the student loan debts. The issue is that "they," the capitalist class, would have to - could you imagine - bear the unimaginable burden of not exploiting the working class.
The greedy bastards at the top of our hyper-capitalist society isn't going to forgive anything until we're building guillotines in their front yards.
Yes. Even if we didn’t we could make them interest free or discharge them after 10 years or any other number of things to stop entire generations of becoming enslaved by debt.
Of course, they can. It also makes sense to do so. Millennials and gen Z are going to be adversely affected by the second recession in their lifetime for decades to come. A bailout to boost our financial security and purchasing power would be beneficial to the economy in the long run. And this pandemic has shown how little a trillion dollars means to the government. However, debt is control and they’re not going to give that up without a fight.
mOrAl HaZaRd
Brrrrr
One time 4% wealth tax on everyone worth over $10,000,000. That comes out to 850,442,400,000 based on 2016 data here: https://dqydj.com/how-many-millionaires-decamillionaires-america/
Add a 10% reduction in military spending at 750,000,000,000/year is 925,442,400,000
7,000,000,000 left over would be a .5% tax income over $10,000,000. Easily absorbed. I don't feel like doing that math right now.
Yes of course we can and eventually it will become reality We were all hoping this would happen in 2021 but sadly its been delayed 😣 due to other people's poor choices