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sayla0079 wrote: ↑Thu Apr 18, 2019 2:41 am
My point is they had to work their asses off in school to get into their respective careers. (A teacher ad A nurse).
And there are plenty of people who worked their asses off and are STILL poor. Because Millenials Who Are Thriving Financially Have Rich Parents, and your example did NOT counter that, because however hard they work, they still benefitted from a rich parent. Rich parents who can pay for tutors and the best schools. Rich parents who have connections that can network with rich company owners and help their kids get a job.
The thesis statement is not saying that financially successful millenials don't work hard, but it's saying that the hard-working ones with rich parents will succeed financially, and the hard-working ones with poor parents are still struggling to make ends meet.
"Believe me, there’s nothing so terrible that someone won’t support it."
— Un Lun Dun, China Mieville
That’s why I’m calling for something truly transformational — the cancellation of up to $50,000 in student loan debt for 42 million Americans.
My plan for broad student debt cancellation will:
Cancel debt for more than 95% of the nearly 45 million Americans with student loan debt;
Wipe out student loan debt entirely for more than 75% of the Americans with that debt;
Substantially increase wealth for Black and Latinx families and reduce both the Black-White and Latinx-White wealth gaps; and
Provide an enormous middle-class stimulus that will boost economic growth, increase home purchases, and fuel a new wave of small business formation.
Once we’ve cleared out the debt that’s holding down an entire generation of Americans, we must ensure that we never have another student debt crisis again.
That’s why I’m calling for something truly transformational — the cancellation of up to $50,000 in student loan debt for 42 million Americans.
My plan for broad student debt cancellation will:
Cancel debt for more than 95% of the nearly 45 million Americans with student loan debt;
Wipe out student loan debt entirely for more than 75% of the Americans with that debt;
Substantially increase wealth for Black and Latinx families and reduce both the Black-White and Latinx-White wealth gaps; and
Provide an enormous middle-class stimulus that will boost economic growth, increase home purchases, and fuel a new wave of small business formation.
Once we’ve cleared out the debt that’s holding down an entire generation of Americans, we must ensure that we never have another student debt crisis again.
Warren 2020! Now, THIS is a government bailout I can get behind! And I'm not even in debt.
I think forgiving student loan debt without getting college costs under control is a bad idea. College tuition inflation is way past the general inflation rate, and this is probably an expensive band-aid at best.
I tend to agree. This is treating the symptom of the infection without dealing with the infection itself. And sure, sometimes, that's what you have to do in order to keep the patient alive. But I would like to at least see a plan for how we're going to deal with the ultimate problem here, which is that college prices have been going gang-busters for a generation.
Darth Wedgius wrote: ↑Tue Apr 23, 2019 10:32 pm
I think forgiving student loan debt without getting college costs under control is a bad idea. College tuition inflation is way past the general inflation rate, and this is probably an expensive band-aid at best.
LittleRaven wrote: ↑Tue Apr 23, 2019 10:39 pm
I tend to agree. This is treating the symptom of the infection without dealing with the infection itself. And sure, sometimes, that's what you have to do in order to keep the patient alive. But I would like to at least see a plan for how we're going to deal with the ultimate problem here, which is that college prices have been going gang-busters for a generation.
I agree, but I can see why this could also remove an immense suppressive load from a huge portion of the workforce. In which case, it may be the better fix to achieve first (so long as the underlying problem isn't forgotten).
