how will it result in inflation

nothing is what we should have done AGES ago

LET THE BANKS FAIL

Why don't we just make the billionaires pay for it

you know how many people will get alienated if students get all there debts cleared

AND let the interest rate rise

@Big Krunkus who is the arbiter of who gets to pay for someone else's debt

billionaires will pay for it untill they move to another country

Uh, why not me?

hence my argument @Mentrex

oh i fully agree

why let intrests rise?

companies holding that debt will think the gov is coming for their shit

isn't that a bad thing?

and start selling their shit like mad

but im more you signed on the line man up to what you did

the banks are predatory

@Big Krunkus - There's currently 607 billionaires in the United States. Taxing 5% of the wealth from any *single* member of the top 10 on the Forbes 400 list would result in the repayment of all US student loans, which could be incentivized by tax breaks.

they are billionairs only cause of the stocks they hold

damn that's a lot of billionaires

they dont have 160 billion in the bank

@Mentrex that is also a very 1 dim way of looking at things

Taxing capital gains of course <:pepelaugh:544857300179877898>

they current situation doesn't let people both earn on savings AND have liquidity

so ur saying if i get a loan and cant pay it its cool if i get the goverment to clear it?

any extra mo ney is invested

AND...most importantly, if u pay only cash, pay as you go?

why don't we just scrap it like i said earlier, colleges spend the money on useless shit anyways

they didnt NEED to go to collage

you get fuckeed becauuse they don't allow collateralized loans to just anyone

Ok, I have been enlightened on the issue

yeah college is not a neccessity it's actually starting to wane in popularity due to cultural degeneracy

I SMELL COMMIE

if i have an asset as collateral, i shoudln't fuckin NEED credit

*I'm presenting a deliberately flawed argument, typically espoused by Democrats, to prepare one for debating against these insane proposals*

but the entire system is propped up by the debt sector

thats what's hiding the currency inflation

you shouldnt need credit but if you dont have a good rating its hard for lenders to trust you can pay em back

it's the ONLY way they have been able to maintain liquidity

@Mersenne 4d chess move, you truly live up to your profile picture

I don't think you can refute the facts, mersenne