2020 US Election (Part One)

[GoodEnoughForMe]

Wont forgiving that debt in effect constitute a subsidy from the working poor to the educated elite?

That's one take and not that far from the truth.

Not really. Student debt is one of the largest driver's of the racial wealth gap. The gap in student debt between white and black young adults grows almost 7% each year, and black young adults hold over 10% less wealth than white young adults entirely driven from student debt. And while mid-tier incomes owe more in student debt in raw dollars, as a percentage of income/wealth, the lowest quintile of annual income bares the most burden, with those in the lowest quintile on average having a debt to income ratio greater than 100%. No other income quintile has that same burden.

 

[Birdjaguar]

You're entitled to your opinion.

Your statement is ridiculous because it is a blanket statement that condemns 27,000 people as immoral and based on nothing but your opinion of the company as a whole. In addition, it links all of those people to a documented bad actor. It is kinda like me saying "All those millennials are just lazy, 'I want it for free, now' people who don't know ^%#$@." because they were born in a specific time period. Ridiculous. It looks like you just make stuff up as if it somehow supports your political positions.

 

[Lexicus]

Your statement is ridiculous because it is a blanket statement that condemns 27,000 people as immoral and based on nothing but your opinion of the company as a whole. In addition, it links all of those people to a documented bad actor. It is kinda like me saying "All those millennials are just lazy, 'I want it for free, now' people who don't know ^%#$@." because they were born in a specific time period. Ridiculous. It looks like you just make stuff up as if it somehow supports your political positions.

I find McKinsey's activities to be sufficiently odious that I feel such moral judgments are warranted. It is not unlike the blanket declaration of the SS as a criminal organization and its members criminals simply by virtue of their membership in a criminal organization.

 

[rah]

Aren't all unions just tools of organized crime.

 

[Berzerker]

All those people who couldn't get college loans will help pay off the loans to kids that did, kinda sucks. Otoh the kids who got their college degrees will pay more in taxes which are used to help the poor. Its kinda like a poor community gathering resources to send a kid to medical school so they can come back and serve the community.

 

[Traitorfish]

Plus, there are people who get majors that are literally useless and then complain about how they can't pay off loans. For example, the daughter of one of my mom's friends spent seven years at a very pricey small liberal arts college to 'find herself', and graduated with a BA in Womens Studies and a minor in Art Therapy. Small wonder she can't find a 'decent' job.

Most people make these decisions when they're seventeen or eighteen. How far do we realistically think that we can blame people who we didn't trust enough to vote, drink or rent a car for not making the absolute strongest career choices?

Instead of erecting elaborate systems to punish people for making predictably bad choices, wouldn't it make more sense- morally and economically- to help people make better choices?

 

[Lexicus]

Looking at this discussion it strike me that it's interesting the extent to which we've "morally normalized" bankruptcy, not coincidentally the specific type of debt forgiveness that can be claimed by the business class. You pretty much never hear people grumbling about bankruptcy laws: "I worked hard and built a solid business, this other guy is being rewarded for his failure!"

 

[hobbsyoyo]

Most people make these decisions when they're seventeen or eighteen. How far do we realistically think that we can blame people who we didn't trust enough to vote, drink or rent a car for not making the absolute strongest career choices?

Instead of erecting elaborate systems to punish people for making predictably bad choices, wouldn't it make more sense- morally and economically- to help people make better choices?

I have made the related argument that many, if not most, kids entering college are directed to do so by their parents even to the extent that the parent picks the degree program. In other words a lot of kids did not really have a choice in the matter but got loaded up with the debt anyways. It happens a lot. Like, a lot a lot.


If my parents had their way I would have entered college after having barely scraped by in high school and would have gone into political science and likely become a net drain on society. Unfortunately for them, I am far too stubborn to listen to them. Fortunately for me, I was aware of the importance of degree choice when I eventually did get a degree.

Right up until I got my second internship, my parents were still trying to get me to switch majors to polysci

 

[Takhisis]

People who got cosmetic surgery (or any surgery FTM) for "tens if not hundreds of dollars" are the same people who "die for lack of medicines and treatment "

I've amended the post.

 

[rah]

If my parents had their way I would have entered college after having barely scraped by in high school and would have gone into political science and likely become a net drain on society. Unfortunately for them, I am far too stubborn to listen to them. Fortunately for me, I was aware of the importance of degree choice when I eventually did get a degree.

Right up until I got my second internship, my parents were still trying to get me to switch majors to polysci

For the record, I graduated with honors with a polysci degree and ended up making a lot of money so

 

[hobbsyoyo]

Yeah I didn't mean that so much as a condemnation of the degree, more a condemnation of bad parenting

 

[rah]

And now you're making fun of my parents. Who gave everything for their three sons to succeed. You hope you'll be as successful as any of us.
Keep digging.

 

[Berzerker]

I just got the black and white image of 6 feet tapping to a tune

oh wait, and an accordion

I even got the tune in my head

 

[hobbsyoyo]

And now you're making fun of my parents. Who gave everything for their three sons to succeed. You hope you'll be as successful as any of us.
Keep digging.

I guess the key differences are
1) You wanted to go to college (I didn't when they were pushing me on it)
2) You picked the degree
3) They paid for it

 

[rah]

Got two out of three wrong. You don't need a shovel, you're digging just fine with your mouth.

 

[Sommerswerd]

I've amended the post.

Too late... Its already quoted... you're stuck with it now... no takes-backsies

 

[Takhisis]

You'll be surprised to read this, Zommerzwerd, but I was not claiming that your statement was actually wrong.

 

[Sommerswerd]

I'm not zurprized at all Takhiziz

ummmm takhiziz… remindz me of that deliciouz white zauce that goes on Greek food like falafel and gyro

 

[Broken_Erika]

Cosmetic surgery for "tens if not hundreds of dollars".... Are those the ones where you get buttocks injections of window caulking?

 

[rah]

Lips too.