The Supreme Court is expected to issue its ruling on the Biden administration’s student loan forgiveness plan this month. Anticipation for the ruling is high.

  • Clangbang@kbin.social
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    1 year ago

    In fact, in contrast to not harming people, it actually has the potential for a great boost in economic activity. Giving money/erasing debt for low income/middle income people tends to result in local spending. These people don’t hoard wealth like occurs when you give rich people or corporations tax cuts.

    • justinh_tx@kbin.social
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      1 year ago

      Yeah, but if you give things to the peons they start expecting to live a better life… and if they have better lives how can we look down on them and feel better about how superior we are?

    • Aesthesiaphilia@kbin.social
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      1 year ago

      This is the only way I could get behind it: as a form of stimulus. But we don’t NEED stimulus right now. The economy is doing great, inflation aside, and stimulus would only make inflation worse.