Was just watching his latest pod.
Student loan debt is obviously already bad because now everybody has to pay for someone's choices.
But Tim Pool made the point that these leftists claim they don't like the establishments & the rich companies and student loan debt forgiveness would literally be putting millions of dollars into rich peoples hands.
Once again, leftists are just stupid and don't know what they're fighting for.
It's ok to link to him. Some us don't fall for the shill attacks.
Tim Pool spent years talking about how he thinks Trump is “boarish” and how he didn’t vote for him and never would vote for him and throwing out his little subliminal comments agreeing that “orange man is bad”, and the little turd admits to being a heavily democrat voter who supports bernie sanders’ communist policies.
Pool may make some good points on his journey to grifting and making money off of conservatives by occasionally hitting our talking points, but I’ll never be on board with him.
There was a big wave of anti-Tim sentiment here in December that appeared suddenly and seemingly out of nowhere. It did feel like astroturfing.
Because he told Trump supporters to accept the loss.
That was because he doesn't talk about fraudulent ballots, he just thinks they were legit ballots and the game was rigged heavily.
It was rigged and stolen and I find it hard to believe he doesn't understand it.
That said I still like him and find his podcasts interesting, good guests, he's had Braynard on there. Ian cracks me up sometimes with his heartfelt ignorance lol
Ian is absolutely fucking annoying. Every conversation for him comes back to drugs and graphene.
Because he’s a grifting faggot
The only way I'll support student loan debt forgiveness is if it comes out of universities' endowments. Those cartels are richer than third world countries.
Not forgiveness. Refunds.
From the schools endowments.
And then no more student loans.
I can make an even better point. Student debt is the result of left wing policy effectively making higher education almost mandatory, dictating to send 50% of the population as a goal and that this was like elevating their class and social mobilisation.
The real impact is that now for many urbanites especially you can't work until 21 or 22 and free education isn't enough any more you need education so expensive you need to go leave the education system in significant debt with nothing to really show for it unlike something tangible such as a house.
When it comes to debt forgiveness who benefits depends on how they do it, they could pay for it with taxes or say the bank has to take the hit, most likely taxes so rich people get their money back plus interest. All that then does is spread the coast of their problem they inflicted on some of the people onto everyone. It's not forgiveness, you're being punished for it.
Graduate student loan rates from private institutions are around 12℅ annually.
Banks are legally not allowed to lower your rate based on your statistical likelihood of paying it off in a reasonable time.
The system is a racket. It preys on people who feel like they need this education, and then it puts the chains on them.
The Bible says that charging your neighbor usury is a sin. Student loans are usury at these rates.
Student loan forgiveness is putting millions into rich people's hands. But student loans without forgiveness puts even more millions into rich people's hands while also taking money out of student hands. It's a very bad system altogether.
One reason for the student loan debt crisis is it has been made impossible to declare bankruptcy. It didn't used to be.
The Truth About The College Student Debt Crisis
Student Loan Debt INCREASES 457% Since 2003
STUDENT LOAN DEBT SLAVERY
Once you start thinking about every law or policy, you’ll realize they all fall into one of four categories below.
Student debt forgiveness...sounds great, but then you realize it just means more in taxes or more in debt and yet another bloated govt department that would be needed to manage that program.
They are Maoists, they believe in a constant revolution.
Don't be silly. All debt should be forgiven. It doesn't matter who benefits from it. Usury is and has always been a sin. If you find yourself arguing that debt jubilees are unfair, you've been brainwashed.
Welcome to Capitalism brother.
You want a commodity? You buy it.
You can't afford it? You don't buy it.
It's that simple bud.
That's how I work.. but debt jubilees still suck since I was saving to get that commodity and now my money is worth 1/2. Other people's usury now fucks me and you've punished me for being responsible.
The problem is not the debt jubilee, but a distortion of the prices caused by the introduction of debt. Debt jubilees are going to have their winners and losers, but they are absolutely necessary to correct the inefficiencies in the economy.
Winners; big internationals with millions even billions of debt. Losers: everyone else
You still have to use money after the jubilee and it will be worth less or worthless.
No, you don't know what you are talking about. The losers of a national debt jubilee are the banks and the land owners. The banks because they lose the money they earn in renting out capital, the land owners because they lose the money they earn on renting out their land. The winners are basically everyone else, because the prices now reflect the real value of commodities. Boomers will lose their fifth house, millennials and zoomers can start a family and the economy is sustainable again.
Yea, fuck all the money I saved. I should have just borrowed and spent like a drunker sailor. The "real" value of commodities like venezuela or weimar germany.
The zoomers will be able to start a family by moving into abandoned houses and the economy of barter will be sustainable.
When has this ever been tried before? The middle ages? The only time I've seen it come up is from socialists.