mauvais 0 Posted April 22, 2019 Share Posted April 22, 2019 Goodbye grad school debit People who cape for billionaires are total weirdos, man. Have some solidarity with your actual class, let them fight their own fights. Link to post Share on other sites More sharing options...
Economy 53,076 Posted April 22, 2019 Share Posted April 22, 2019 16 minutes ago, HorusRa2 said: The problem I see with this argument is that the US historically had high marginal tax rates until Reagan administration. And ever since then Republicans and Centrist cry every time we talk about increasing them. They were literally slashed & the people at the top benefited from it and they continue to hold those benefits & it’s not trickling down like the American people were told it would. A lot of countries did This is the 21st century globalized economy where countries compete harder than ever for investment If all nations rose taxes a lot on wealthy it would be one thing... But they don't And US top marginal taxes are already not that far below 50% to begin with in many states (especially blue states like California) It's not like they are that low now to begin with That being said I do think the rich can pay a little bit more. I just think 70% is a little over kill. If it doesn't include state taxes even worse cause then the true rate would be more like 80% or more depending on the state I'm also in favour of modest tax hikes on things like dividend and stock income above a certain threshold Link to post Share on other sites More sharing options...
Morphine Prince 109,925 Posted April 22, 2019 Share Posted April 22, 2019 3 hours ago, Economy said: This isn't fair to the students that just finish paying off their debt once this goes into affect tho “The abolition of slavery isn’t fair to the black people who had just been born slaves ugh!” That’s literally the logic The “I suffered through it so others should too” mentality is so toxic and regressive. Link to post Share on other sites More sharing options...
HorusRa2 5,005 Posted April 22, 2019 Share Posted April 22, 2019 47 minutes ago, Economy said: A lot of countries did This is the 21st century globalized economy where countries compete harder than ever for investment If all nations rose taxes a lot on wealthy it would be one thing... But they don't And US top marginal taxes are already not that far below 50% to begin with in many states (especially blue states like California) It's not like they are that low now to begin with That being said I do think the rich can pay a little bit more. I just think 70% is a little over kill. If it doesn't include state taxes even worse cause then the true rate would be more like 80% or more depending on the state I'm also in favour of modest tax hikes on things like dividend and stock income above a certain threshold In 2016, I think Bernie was advocating for 52% for top marginal tax rate. Do you think this would be reasonable? Link to post Share on other sites More sharing options...
Economy 53,076 Posted April 22, 2019 Share Posted April 22, 2019 28 minutes ago, Morphine Prince said: “The abolition of slavery isn’t fair to the black people who had just been born slaves ugh!” That’s literally the logic The “I suffered through it so others should too” mentality is so toxic and regressive. It's not the same logic at all These students agreed to take out loans and they owe back the money they were given Comparing slavery to a loan u were given is beyond rediculous Link to post Share on other sites More sharing options...
Morphine Prince 109,925 Posted April 22, 2019 Share Posted April 22, 2019 6 minutes ago, Economy said: It's not the same logic at all These students agreed to take out loans and they owe back the money they were given Comparing slavery to a loan u were given is beyond rediculous It’s the same logic though. The idea that others should suffer through things Educations cost in the US is beyond ridiculous. We should be happy others don’t have to owe their souls just to get an education. Link to post Share on other sites More sharing options...
Matangi 3,050 Posted April 22, 2019 Share Posted April 22, 2019 1 hour ago, Economy said: @Matangi I'm tagging u cuz for some reason right now the site is not letting me quote your comment And I understand what a marginal tax rate is. I'm saying it may be too high tho It's not the 1950s anymore. The economy is was more globalized now and much easier to shift operations... U can get big drops in investment and entrepreneurship when u tax the wealthy that high France tried a 75% marginal tax a few years ago and it didn't workout so well. They ended up reverting back to the old rate (and it was the socialist government that reverted back) Many business man left to other EU nations, a high profile business man even seeked citizenship to Russia of all places cuz it worked to run his stuff there You won't collect high taxes from rich if they leave or if they stop investing thats just not true lol Link to post Share on other sites More sharing options...
Economy 53,076 Posted April 22, 2019 Share Posted April 22, 2019 32 minutes ago, Morphine Prince said: It’s the same logic though. The idea that others should suffer through things Educations cost in the US is beyond ridiculous. We should be happy others don’t have to owe their souls just to get an education. It's not. These ppl agreed to borrow money to pay for their education and it was an agreement to pay it back. It's not comparable to slavery at all that's obsurd U can talk about the current system being flawed and opressing ppl and needing to be changed... But that's a seperate argument If the plan uses tax money to forgive some debt (or all) and then changes the system for more government coverage I can support that A one time debt forgiveness alone tho if that's the proposal would not be fair tho. Why should everyone's tax dollars be used to bail out one specific group of students and students before and after don't get off the hook that way? Link to post Share on other sites More sharing options...
Economy 53,076 Posted April 22, 2019 Share Posted April 22, 2019 16 minutes ago, Matangi said: thats just not true lol Ummmm. Yes it is Link to post Share on other sites More sharing options...
Morphine Prince 109,925 Posted April 22, 2019 Share Posted April 22, 2019 27 minutes ago, Economy said: It's not. These ppl agreed to borrow money to pay for their education and it was an agreement to pay it back. It's not comparable to slavery at all that's obsurd U can talk about the current system being flawed and opressing ppl and needing to be changed... But that's a seperate argument If the plan uses tax money to forgive some debt (or all) and then changes the system for more government coverage I can support that A one time debt forgiveness alone tho if that's the proposal would not be fair tho. Why should everyone's tax dollars be used to bail out one specific group of students and students before and after don't get off the hook that way? I am not comparing to slavery. I am specifically talking about the mentality that others should go through things just cause you did. Because this generation is truly screwed because of student loans. It will help the economy if people can actually buy homes and cars. Student loans are literally holding people back from starting actual lives. Link to post Share on other sites More sharing options...
HorusRa2 5,005 Posted April 22, 2019 Share Posted April 22, 2019 1 hour ago, Economy said: It's not the same logic at all These students agreed to take out loans and they owe back the money they were given Comparing slavery to a loan u were given is beyond rediculous Thoughts on refinancing student loans at a lower interest rate rather than cancelling the loans all together? Example: my subsidized loans had rates as high as 7%. I accepted because I had no other way to get my education. So I accepted because it was either that or work in retail for the rest of my working life making little to no money despite having excellent grades in school. People with VA loans can refinance to get a lower interest rate. I don’t see why we couldn’t implement a policy that would allow students to do the same. I mean. It’s not a personal loan with a 3-5 year repayment term anyway. Link to post Share on other sites More sharing options...
Economy 53,076 Posted April 22, 2019 Share Posted April 22, 2019 2 minutes ago, Morphine Prince said: I am not comparing to slavery. I am specifically talking about the mentality that others should go through things just cause you did. Because this generation is truly screwed because of student loans. It will help the economy if people can actually buy homes and cars. Student loans are literally holding people back from starting actual lives. I wasn't saying go thru it just cuz others did I'm saying ur gonna spend tax payers money to bail out one generation basically and not another Those students that just payed off their loans with a lot of suffrage now are on the hook for new student bailouts too Link to post Share on other sites More sharing options...
Economy 53,076 Posted April 22, 2019 Share Posted April 22, 2019 Just now, HorusRa2 said: Thoughts on refinancing student loans at a lower interest rate rather than cancelling the loans all together? Example: my subsidized loans had rates as high as 7%. I accepted because I had no other way to get my education. So I accepted because it was either that or work in retail for the rest of my working life making little to no money despite having excellent grades in school. People with VA loans can refinance to get a lower interest rate. I don’t see why we couldn’t implement a policy that would allow students to do the same. I mean. It’s not a personal loan with a 3-5 year repayment term anyway. I support that Link to post Share on other sites More sharing options...
TheQueenLG 2,469 Posted April 22, 2019 Share Posted April 22, 2019 1 hour ago, Morphine Prince said: “The abolition of slavery isn’t fair to the black people who had just been born slaves ugh!” That’s literally the logic The “I suffered through it so others should too” mentality is so toxic and regressive. This. Link to post Share on other sites More sharing options...
Morphine Prince 109,925 Posted April 22, 2019 Share Posted April 22, 2019 14 minutes ago, Economy said: I wasn't saying go thru it just cuz others did I'm saying ur gonna spend tax payers money to bail out one generation basically and not another Those students that just payed off their loans with a lot of suffrage now are on the hook for new student bailouts too Ok? We can’t go to the past. We can only move forward. This government bailed out Wall St. criminals but shouldn’t bail out its own citizens? Link to post Share on other sites More sharing options...
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