Official Student Debt Cancellation Watch Thread

[King Kreole]

So for that reason I guess there should be 0 student loan reform and forgiveness

This is a very strange conclusion to draw. Not every policy needs to be reparations. There's a gap between reparations and race-blind policy design.

or you could reform forgive , since it would be a good policy overall, and address racial wealth gap separately in a much more creative way

I'm not sure what bolded means, but I'm in favor of both race-equity based policy design in numerous area (housing for example) as well as actual Reparations.

 

[King Kreole]

Shouldnt be any debt for higher learning period in the richest country in the world, major reforms are needed


but I salute your maturity in discussing this issue bro, instead of insulting everyones intellect who disagrees with you like a novice

I'm very open to that line of argument which is why I think universal student debt relief would be far, far preferable to no student debt relief. And I strongly agree that major reforms are needed, such as tuition-free post-secondary education.

 

[CBalla]

I'm very open to that line of argument which is why I think universal student debt relief would be far, far preferable to no student debt relief. And I strongly agree that major reforms are needed, such as tuition-free post-secondary education.

Yea I mean if they wanna target it I got 0 issues with it

just found it funny someone came in here saying “this is NOT racial justice issue stop saying that guys” and then their next argument is strictly about why “universal student loan relief is unfair” with race / income playing a big part of it

This is a very strange conclusion to draw. Not every policy needs to be reparations. There's a gap between reparations and race-blind policy design.



I'm not sure what bolded means, but I'm in favor of both race-equity based policy design in numerous area (housing for example) as well as actual Reparations.

i feel like a good way to address wealth gaps would have to do with weed or a form of liz warrens proposals tbh
could be wrong though

 

[King Kreole]

Yea I mean if they wanna target it I got 0 issues with it

just found it funny someone came in here saying “this is NOT racial justice issue stop saying that guys” and then their next argument is strictly about why “universal student loan relief is unfair” with race / income playing a big part of it

I think @Houston911 point was that a universal vehicle designed with high-income debtors in mind can't be considered a racial justice vehicle because of the disproportionately small number of black debtors in that group, which I agree with, especially if it ends up expanding the racial wealth gap. But I think people have been having multiple conversations and often speaking past each other in here.

i feel like a good way to address wealth gaps would have to do with weed or a form of liz warrens proposals tbh
could be wrong though

I admittedly haven't been deeply following the policy debates around weed legalization, but I remember hearing some proposals around targeted support to black entrepreneurs looking to enter the newly legal cannabis industry.

 

[Houston911]

Yea I mean if they wanna target it I got 0 issues with it

just found it funny someone came in here saying “this is NOT racial justice issue stop saying that guys” and then their next argument is strictly about why “universal student loan relief is unfair” with race / income playing a big part of it



i feel like a good way to address wealth gaps would have to do with weed or a form of liz warrens proposals tbh
could be wrong though

your reading comprehension is shyt fam

king kreole posted a Twitter thread with charts that had data on the percentages of loan relief that would go to black folks in different income brackets. I responded directly to that post

 

[CBalla]

your reading comprehension is shyt fam

king kreole posted a Twitter thread with charts that had data on the percentages of loan relief that would go to black folks in different income brackets. I responded directly to that post

Your red herring is shyt.. let me know when you quote the large number of folks you claim were incorrectly saying this proposal was a racial justice issue


While you do that I’ll reread your posts about why you have reservations about this proposal due to racial justice issues like racial wealth gap

 

[FAH1223]

 

[eXodus]

it’s early but this administration shaping up to be ass as fukk

 

[Pure Water]

If they don't get at the very least 10k wiped, I'm never voting again.

 

[GodinDaFlesh]

https://www.cnbc.com/2021/03/05/sen...d-make-student-debt-forgiveness-tax-free.html

Possible first step in the Covid bill that might pave the way for loan forgiveness, basically any loan forgiveness that takes place from now to 2026 won't be counted as taxable income.

 

[Leavingtheecstasy]

https://www.cnbc.com/2021/03/05/sen...d-make-student-debt-forgiveness-tax-free.html

Possible first step in the Covid bill that might pave the way for loan forgiveness, basically any loan forgiveness that takes place from now to 2024 won't be counted as taxable income.

It's possible this will be the next thing on his agenda. It's clear his biggest priority was always pushing this big ass relief bill through by any means necessary

 

[Mr swag]

If they don't get at the very least 10k wiped, I'm never voting again.

He can wipe it with a stroke of a pen, why is he waiting?

Maybe till they bring interest back?

 

[Leavingtheecstasy]

He can wipe it with a stroke of a pen, why is he waiting?

Maybe till they bring interest back?

Well they did just ensure ,the relief is tax free with the stimulus bill. Maybe some of the groundwork needed to be laid out first.

 

[Mr swag]

Well they did just ensure ,the relief is tax free with the stimulus bill. Maybe some of the groundwork needed to be laid out first.

Tax free...... Like this year or next?

 

[FAH1223]

Tax free...... Like this year or next?

Through 2025